Retirement plan

THE PHILADELPHIA HAND CENTER, P. C. 401(K) PROFIT SHARING PLAN

Name: THE PHILADELPHIA HAND CENTER, P.C. - THE PHILADELPHIA HAND CENTER, P. C. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: THE PHILADELPHIA HAND CENTER, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE PHILADELPHIA HAND CENTER, P. C. 401(K) PROFIT SHARING PLAN, THE PHILADELPHIA HAND CENTER, P.C.

THE PHILADELPHIA HAND CENTER, P.C.EIN 23-1896300Plan #002PY 2023

950 PULASKI DR - KING OF PRUSSIA, PA 19406610-768-5960

Prospect flagsHigh feesWind-down / frozen

Top hat statement on fileNQDC

Filed April 21, 2005

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$18.5M

-39.3% from 2022

Total participants

166

+5.7% from 2022

Average account balance

$111,507

-42.6% from 2022

Annual return

11.47%

+27.80 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

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Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 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

Not enough data

0 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

+12.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
LPL FINANCIAL2 years Filed as: LPL FINANCIAL LLC - RPCP Service code 27 · EIN 04-3046611	Advisory (Plan)	$24,997
BAKER TILLY US, LLP1 year Service code 10 · EIN 39-0859910	Accounting	$17,964
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290	Contract Administrator	$17,301
CARDINAL PENSION GROUP, INC.6 years Filed as: CARDINAL PENSION GROUP INC Service code 49	Other Services	$10,858
CARDINAL PENSION GROUP, INC.1 year Service code 49 P O BOX 5268 · WEST CHESTER, PA 193805268	Other Services	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T3D3H

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.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$60K

Investment mgmt$25K41.5%
Contract admin$17K28.7%
Other / not subdivided$18K29.8%

% of EOY assets

0.326%

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: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: $17,964
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$111,507

$175,202-36.4%

$149,673-25.5%

$139,434-20.0%

Participation rate

0.0%

83.4%-83.4pp

78.8%-78.8pp

80.3%-80.3pp

Annual return

11.47%

166.71%-155.2pp

134.42%-122.9pp

372.94%-361.5pp

Employer contribution / active EE

$5,474-100.0%

$4,818-100.0%

$4,751-100.0%

Participant deferral / active EE

$6,519-100.0%

$5,680-100.0%

$6,710-100.0%

Admin fee / account holder

$363

$16,150-97.8%

$13,210-97.3%

$11,403-96.8%

Provider

Service type

Compensation

LPL FINANCIAL2 years

Filed as: LPL FINANCIAL LLC - RPCP

Service code 27 · EIN 04-3046611

Advisory (Plan)

$24,997

BAKER TILLY US, LLP1 year

Service code 10 · EIN 39-0859910

Accounting

$17,964

PRINCIPAL LIFE INSURANCE COMPANY8+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$17,301

CARDINAL PENSION GROUP, INC.6 years

Filed as: CARDINAL PENSION GROUP INC

Service code 49

Other Services

$10,858

CARDINAL PENSION GROUP, INC.1 year

Service code 49

P O BOX 5268 · WEST CHESTER, PA 193805268

Other Services

THE PHILADELPHIA HAND CENTER, P. C. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE PHILADELPHIA HAND CENTER, P. C. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

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