Retirement plan

ABINGTON MEDICAL SPECIALISTS ASSOCIATION 401(K) PROFIT SHARING PLAN

Name: ABINGTON MEDICAL SPECIALISTS ASSOCIATION, PC - ABINGTON MEDICAL SPECIALISTS ASSOCIATION 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: ABINGTON MEDICAL SPECIALISTS ASSOCIATION, PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ABINGTON MEDICAL SPECIALISTS ASSOCIATION 401(K) PROFIT SHARING PLAN, ABINGTON MEDICAL SPECIALISTS ASSOCIATION, PC

ABINGTON MEDICAL SPECIALISTS ASSOCIATION, PCEIN 23-1732364Plan #001PY 2019

1235 OLD YORK ROAD, SUITE 222 - ABINGTON, PA 19001215-517-1000LinkedIn51-200 employeesmedical practice

Prospect flagsHigh assets / participantRecently reached 100 employees

How to read this page

Total assets (EOY)

$31M

+21.5% from 2018

Total participants

107

+9.2% from 2018

Average account balance

$289,948

+11.2% from 2018

Annual return

18.60%

+22.30 pp from 2018

Benchmarks

See 18,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,452 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.34M

Not enough data

1 years with asset history on file

Average account balance

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

$343K

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.

100

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.

128.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+13.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$28088

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

Top 3 by compensation

Provider	Service type	Compensation
JANNEY MONTGOMERY SCOTT LLC5+ years Filed as: JANNEY MONTGOMERY SCOTT, LLC Service code 55 1801 MARKET STREET · PHILADELPHIA, PA 19103	Other Commissions	$40,179
ASSOCIATED BENEFIT PLANNERS, LTD.5+ years Service code 13 · EIN 23-2250214 215 WEST CHURCH STREET, SUITE 200 · KING OF PRUSSIA, PA 19406	Contract Administrator	$10,000
GREAT-WEST LIFE & ANNUITY INSURANCE5+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$400

$5 / participant

Investment mgmt$400100.0%

% of EOY assets

0.001%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: FISCHER CUNNANE & ASSOCIATES, LTD.
Auditor EIN: 233060583
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$289,948

$85,171+240.4%

$172,752+67.8%

$72,975+297.3%

Participation rate

100.0%

70.1%+29.9pp

82.6%+17.4pp

69.5%+30.5pp

Annual return

18.60%

27.32%-8.7pp

802.97%-784.4pp

81.01%-62.4pp

Employer contribution / active EE

$9,993

$3,324+200.6%

$5,144+94.3%

$2,440+309.5%

Participant deferral / active EE

$6,418

$3,260+96.9%

$5,198+23.5%

$3,608+77.9%

Admin fee / account holder

$5,880-99.9%

$13,955-100.0%

$5,124-99.9%

Provider

Service type

Compensation

JANNEY MONTGOMERY SCOTT LLC5+ years

Filed as: JANNEY MONTGOMERY SCOTT, LLC

Service code 55

1801 MARKET STREET · PHILADELPHIA, PA 19103

Other Commissions

$40,179

ASSOCIATED BENEFIT PLANNERS, LTD.5+ years

Service code 13 · EIN 23-2250214

215 WEST CHURCH STREET, SUITE 200 · KING OF PRUSSIA, PA 19406

Contract Administrator

$10,000

GREAT-WEST LIFE & ANNUITY INSURANCE5+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

ABINGTON MEDICAL SPECIALISTS ASSOCIATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ABINGTON MEDICAL SPECIALISTS ASSOCIATION 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