Retirement plan

PHA, LLC 401(K) PROFIT SHARING PLAN

Name: PREMIER HEALTH ASSOCIATES, LLC - PHA, LLC 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: PREMIER HEALTH ASSOCIATES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHA, LLC 401(K) PROFIT SHARING PLAN, PREMIER HEALTH ASSOCIATES, LLC

PREMIER HEALTH ASSOCIATES, LLCEIN 22-3346995Plan #002PY 2023

532 LAFAYETTE ROAD, SUITE 300 - SPARTA, NJ 07871973-940-0423mypremierdoctors.comLinkedIn201-500 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$26.3M

+24.8% from 2022

Total participants

188

+6.2% from 2022

Average account balance

$139,732

+17.5% from 2022

Annual return

17.42%

+33.55 pp from 2022

Benchmarks

See 5,703 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,703 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.29M

Not enough data

1 years with asset history on file

Average account balance

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

$143K

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.

212

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+14.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$634

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
NPPG2 years Service code 15 · EIN 22-3349752	Recordkeeping	$17,689
ASCENSUS LLC1 year Service code 15 · EIN 11-3665754	Recordkeeping	$15,394
NISIVOCCIA AND CO LLP8 years Filed as: NISIVOCCIA, LLP Service code 10 · EIN 22-1914888	Accounting	$7,700
STIFEL NICOLAUS & CO INC5 years Filed as: STIFEL NICOLAUS & CO., INC. Service code 27 · EIN 43-0538770	Advisory (Plan)	$6,900

Plan features & details

Pension benefit codes2E2J2K2F2G2R3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$113K

$811 / participant

Investment mgmt$113K100.0%

% of EOY assets

0.429%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: NISIVOCCIA LLP
Auditor EIN: 221914888
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$139,732

$61,391+127.6%

$149,723-6.7%

$71,529+95.4%

Participation rate

100.0%

62.5%+37.5pp

78.8%+21.2pp

67.9%+32.1pp

Annual return

17.42%

35.88%-18.5pp

134.50%-117.1pp

28.97%-11.6pp

Employer contribution / active EE

$7,813

$2,384+227.8%

$4,821+62.0%

$2,590+201.7%

Participant deferral / active EE

$7,350

$2,921+151.7%

$5,682+29.4%

$4,291+71.3%

Admin fee / account holder

$600

$1,264-52.5%

$13,215-95.5%

$1,588-62.2%

Provider

Service type

Compensation

NPPG2 years

Service code 15 · EIN 22-3349752

Recordkeeping

$17,689

ASCENSUS LLC1 year

Service code 15 · EIN 11-3665754

Recordkeeping

$15,394

NISIVOCCIA AND CO LLP8 years

Filed as: NISIVOCCIA, LLP

Service code 10 · EIN 22-1914888

Accounting

$7,700

STIFEL NICOLAUS & CO INC5 years

Filed as: STIFEL NICOLAUS & CO., INC.

Service code 27 · EIN 43-0538770

Advisory (Plan)

$6,900

PHA, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHA, LLC 401(K) PROFIT SHARING 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