Retirement plan

CARDIOLOGY ASSOCIATES OF NEW BRUNSWICK, P.A. SAVINGS PLAN

Name: CARDIOLOGY ASSOCIATES OF NEW BRUNSWICK, P.A. - CARDIOLOGY ASSOCIATES OF NEW BRUNSWICK, P.A. SAVINGS PLAN (2020) Form 5500
Creator: CARDIOLOGY ASSOCIATES OF NEW BRUNSWICK, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARDIOLOGY ASSOCIATES OF NEW BRUNSWICK, P.A. SAVINGS PLAN, CARDIOLOGY ASSOCIATES OF NEW BRUNSWICK, P.A.

CARDIOLOGY ASSOCIATES OF NEW BRUNSWICK, P.A.EIN 22-1941749Plan #002PY 2020

593 CRANBURY ROAD - EAST BRUNSWICK, NJ 08816732-390-3333njheartdoctors.comLinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$15M

+6.7% from 2019

Total participants

+2.1% from 2019

Average account balance

$312,201

+4.5% from 2019

Annual return

18.65%

+7.89 pp from 2019

Benchmarks

See 18,628 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,628 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.09M

Not enough data

1 years with asset history on file

Average account balance

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

$301K

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$130K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+12.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6113

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 codes2E2F2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$1.8M

$37146 / participant

Other / not subdivided$2M100.0%

% of EOY assets

11.898%

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

$312,201

$91,198+242.3%

$178,503+74.9%

$79,856+291.0%

Participation rate

100.0%

69.2%+30.8pp

81.9%+18.1pp

69.6%+30.4pp

Annual return

18.65%

24.20%-5.6pp

151.12%-132.5pp

31.71%-13.1pp

Employer contribution / active EE

$1,009

$3,257-69.0%

$5,011-79.9%

$2,471-59.2%

Participant deferral / active EE

$1,335

$3,237-58.8%

$5,202-74.3%

$3,741-64.3%

Admin fee / account holder

$37,146

$6,748+450.5%

$13,987+165.6%

$5,306+600.0%

CARDIOLOGY ASSOCIATES OF NEW BRUNSWICK, P.A. SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARDIOLOGY ASSOCIATES OF NEW BRUNSWICK, P.A. SAVINGS PLAN

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