Retirement plan

FIRST CARE MEDICAL, P.C. 401(K) PROFIT SHARING PLAN AND TRUST

Name: FIRST CARE MEDICAL, P.C. - FIRST CARE MEDICAL, P.C. 401(K) PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: FIRST CARE MEDICAL, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST CARE MEDICAL, P.C. 401(K) PROFIT SHARING PLAN AND TRUST, FIRST CARE MEDICAL, P.C.

FIRST CARE MEDICAL, P.C.EIN 20-5063165Plan #001PY 2022

222 ROUTE 299 - HIGHLAND, NY 125282524845-691-3627firstpagemedia.comLinkedIn1-10 employeesinternet

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$2M

-9.2% from 2021

Total participants

+5.6% from 2021

Average account balance

$73,339

-12.5% from 2021

Annual return

-15.79%

-32.00 pp from 2021

Benchmarks

See 19,709 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,709 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$3.07M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$114K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

68.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$225K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.35%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$2060

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2J

Plan features

2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$102K

$3648 / participant

Other / not subdivided$102K100.0%

% of EOY assets

5.158%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,339

$73,839-0.7%

$143,788-49.0%

$68,495+7.1%

Participation rate

60.7%

66.7%-5.9pp

80.3%-19.6pp

67.9%-7.2pp

Annual return

-15.79%

1.01%-16.8pp

-0.03%-15.8pp

-7.84%-8.0pp

Employer contribution / active EE

$2,291

$3,184-28.0%

$4,952-53.7%

$2,596-11.8%

Participant deferral / active EE

$5,953

$3,384+75.9%

$5,638+5.6%

$4,028+47.8%

Admin fee / account holder

$3,783

$5,755-34.3%

$14,675-74.2%

$5,403-30.0%

FIRST CARE MEDICAL, P.C. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST CARE MEDICAL, P.C. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion