Retirement plan

ALTAIR HEALTH 401(K) PLAN

Name: ATLANTIC NEUROSURGICAL SPECIALISTS, INC. - ALTAIR HEALTH 401(K) PLAN (2023) Form 5500
Creator: ATLANTIC NEUROSURGICAL SPECIALISTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALTAIR HEALTH 401(K) PLAN, ATLANTIC NEUROSURGICAL SPECIALISTS, INC.

ATLANTIC NEUROSURGICAL SPECIALISTS, INC.EIN 22-2020733Plan #003PY 2023

60 A COLUMBIA ROAD, STE 310 - MORRISTOWN, NJ 07960973-285-7800ansdocs.comLinkedIn11-50 employeeshospital & health care

Other plans on this EIN

2 filings

#001Retirement-$26.6M assets #002Retirement-$17.8M assets

Prospect flagsHigh cashFailed to transmit contributionsWind-down / frozen

How to read this page

Total assets (EOY)

$8.8M

+22.7% from 2022

Total participants

132

-2.9% from 2022

Average account balance

$67,586

+4.8% from 2022

Annual return

14.87%

+31.84 pp from 2022

Benchmarks

See 108,131 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort108,131 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$9.51M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$36K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$79

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

1 years with F_SCH_H allocation on file

See the 6-year trajectory. $4.99 for your first month.

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
CIBC PRIVATE WEALTH ADVISORS I2 years Filed as: CIBC PRIVATE WEALTH ADVISORS INC Service code 26 · EIN 20-0822261 3290 NORTHSIDE PARKWAY · ATLANTA, GA 30327	Advisory (Participants)	$8,751

Plan features & details

Pension benefit codes2A2E2J2K2F2G2R3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$10K

$552 / participant

Investment mgmt$9K88.0%
Contract admin$1K12.0%

% of EOY assets

0.113%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: LEE CPA AUDIT GROUP
Auditor EIN: 814637885
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,586

$175,202-61.4%

$149,673-54.8%

$139,434-51.5%

Participation rate

88.9%

83.4%+5.5pp

78.8%+10.1pp

80.3%+8.6pp

Annual return

14.87%

166.71%-151.8pp

134.42%-119.5pp

372.94%-358.1pp

Employer contribution / active EE

$13,346

$5,474+143.8%

$4,818+177.0%

$4,751+180.9%

Participant deferral / active EE

$18,939

$6,519+190.5%

$5,680+233.4%

$6,710+182.2%

Admin fee / account holder

$76

$16,150-99.5%

$13,210-99.4%

$11,403-99.3%

Provider

Service type

Compensation

CIBC PRIVATE WEALTH ADVISORS I2 years

Filed as: CIBC PRIVATE WEALTH ADVISORS INC

Service code 26 · EIN 20-0822261

3290 NORTHSIDE PARKWAY · ATLANTA, GA 30327

Advisory (Participants)

$8,751

ALTAIR HEALTH 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALTAIR HEALTH 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