Retirement plan

MILV 401(K) PROFIT SHARING PLAN

Name: MEDICAL IMAGING OF LEHIGH VALLEY, P.C. - MILV 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: MEDICAL IMAGING OF LEHIGH VALLEY, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILV 401(K) PROFIT SHARING PLAN, MEDICAL IMAGING OF LEHIGH VALLEY, P.C.

MEDICAL IMAGING OF LEHIGH VALLEY, P.C.EIN 23-2032300Plan #003PY 2024

1255 S. CEDAR CREST BLVD., SUITE 2500 - ALLENTOWN, PA 18103610-770-1606LinkedIn1-10 employeesmedical practice

Prospect flagsLow returnsHigh feesHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$72.2M

+7.4% from 2023

Total participants

150

+15.4% from 2023

Average account balance

$481,553

-6.9% from 2023

Annual return

10.26%

+0.43 pp from 2023

Benchmarks

See 5,993 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,993 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$72.23M

Not enough data

1 years with asset history on file

Average account balance

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

$482K

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.

150

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

$5.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$45K

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

+10.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$478

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 6 by compensation

Provider	Service type	Compensation
MODERA WEALTH MANAGEMENT LLC1 year Service code 26 · EIN 27-3774197 7540 WINDSOR DR. · ALLENTOWN, PA 18195	Advisory (Participants)	$31,477
BERNSTEIN1 year Filed as: BERNSTEIN GLOBAL WEALTH MANAGEMENT Service code 26 · EIN 13-4064930 1735 MARKET STREET, SUITE 3800 · PHILADELPHIA, PA 19103	Advisory (Participants)	$10,076
WAVERLY ADVISORS, LLC1 year Filed as: WAVERLY ADVISORS Service code 26 · EIN 88-3770342 RIVERWOOD 200 · ATLANTA, GA 30339	Advisory (Participants)	$9,215
NORTHEAST FINANCIAL GROUP1 year Service code 26 · EIN 23-2946836 2813 ROUTE 611, P.O. BOX 531 · TANNERSVILLE, PA 183720531	Advisory (Participants)	$8,192
NEWPORT GROUP, INC.1 year Service code 15 · EIN 27-2037969 35 IRON POINTE CIRCLE, SUITE 300 · FOLSOM, CA 95630	Recordkeeping	$330
ASSOCIATED BENEFIT PLANNERS, LTD.1 year Service code 17 · EIN 22-2250214 1604 PHILADELPHIA PIKE · WILMINGTON, DE 19809	Pension Consulting	$60

Plan features & details

Pension benefit codes2A2E2F2G2J2R3D

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.
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

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$72K

$608 / participant

Recordkeeping$7801.1%
Contract admin$1500.2%
Other / not subdivided$71K98.7%

% of EOY assets

0.099%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TORRILLO & ASSOCIATES, LLC
Auditor EIN: 830414789
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$481,553

$55,470+768.1%

$155,556+209.6%

$74,478+546.6%

Participation rate

100.0%

61.9%+38.1pp

78.2%+21.8pp

67.2%+32.8pp

Annual return

10.26%

269.80%-259.5pp

64.84%-54.6pp

1370.56%-1360.3pp

Employer contribution / active EE

$28,779

$2,267+1169.6%

$4,675+515.5%

$2,626+995.8%

Participant deferral / active EE

$16,049

$2,838+465.5%

$5,631+185.0%

$4,350+268.9%

Admin fee / account holder

$478

$1,744-72.6%

$15,885-97.0%

$1,946-75.4%

Provider

Service type

Compensation

MODERA WEALTH MANAGEMENT LLC1 year

Service code 26 · EIN 27-3774197

7540 WINDSOR DR. · ALLENTOWN, PA 18195

Advisory (Participants)

$31,477

BERNSTEIN1 year

Filed as: BERNSTEIN GLOBAL WEALTH MANAGEMENT

Service code 26 · EIN 13-4064930

1735 MARKET STREET, SUITE 3800 · PHILADELPHIA, PA 19103

Advisory (Participants)

$10,076

WAVERLY ADVISORS, LLC1 year

Filed as: WAVERLY ADVISORS

Service code 26 · EIN 88-3770342

RIVERWOOD 200 · ATLANTA, GA 30339

Advisory (Participants)

$9,215

NORTHEAST FINANCIAL GROUP1 year

Service code 26 · EIN 23-2946836

2813 ROUTE 611, P.O. BOX 531 · TANNERSVILLE, PA 183720531

Advisory (Participants)

$8,192

NEWPORT GROUP, INC.1 year

Service code 15 · EIN 27-2037969

35 IRON POINTE CIRCLE, SUITE 300 · FOLSOM, CA 95630

Recordkeeping

$330

ASSOCIATED BENEFIT PLANNERS, LTD.1 year

Service code 17 · EIN 22-2250214

1604 PHILADELPHIA PIKE · WILMINGTON, DE 19809

Pension Consulting

$60

MILV 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILV 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