Retirement plan

HEMATOLOGY ONCOLOGY PHYSICIANS OF ENGLEWOOD, P.A. 401(K) PLAN

Name: HEMATOLOGY ONCOLOGY PHYSICIANS OF ENGLEWOOD, P.A. - HEMATOLOGY ONCOLOGY PHYSICIANS OF ENGLEWOOD, P.A. 401(K) PLAN (2024) Form 5500
Creator: HEMATOLOGY ONCOLOGY PHYSICIANS OF ENGLEWOOD, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEMATOLOGY ONCOLOGY PHYSICIANS OF ENGLEWOOD, P.A. 401(K) PLAN, HEMATOLOGY ONCOLOGY PHYSICIANS OF ENGLEWOOD, P.A.

HEMATOLOGY ONCOLOGY PHYSICIANS OF ENGLEWOOD, P.A.EIN 22-2019177Plan #002PY 2024

350 ENGLE ST 1ST FLOOR - ENGLEWOOD, NJ 07631201-568-5250englewoodhealthphysicians.orgLinkedIn11-50 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.9M

+12.5% from 2023

Total participants

+19.1% from 2023

Average account balance

$158,804

-7.7% from 2023

Annual return

23.49%

+11.91 pp from 2023

Benchmarks

See 21,691 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,691 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.94M

Not enough data

1 years with asset history on file

Average account balance

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

$159K

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.

106.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$519K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+23.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$26572

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 codes2E2F2G2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

1 tripped

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

$1.3M

$28268 / participant

Other / not subdivided$1M100.0%

% of EOY assets

16.733%

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

$158,804

$81,358+95.2%

$155,556+2.1%

$80,959+96.2%

Participation rate

87.2%

66.3%+21.0pp

78.2%+9.0pp

67.7%+19.6pp

Annual return

23.49%

33.39%-9.9pp

64.84%-41.3pp

35.67%-12.2pp

Employer contribution / active EE

$3,721

$3,106+19.8%

$4,675-20.4%

$2,757+35.0%

Participant deferral / active EE

$7,320

$3,455+111.8%

$5,631+30.0%

$4,300+70.2%

Admin fee / account holder

$26,572

$7,994+232.4%

$15,885+67.3%

$6,925+283.7%

HEMATOLOGY ONCOLOGY PHYSICIANS OF ENGLEWOOD, P.A. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEMATOLOGY ONCOLOGY PHYSICIANS OF ENGLEWOOD, P.A. 401(K) 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