Retirement plan

CARDIOLOGY CONSULTANTS OF PHILADELPHIA, P.C. 401(K) PROFIT SHARING PLAN

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

CARDIOLOGY CONSULTANTS OF PHILADELPHIA, PCEIN 23-2076152Plan #001PY 2023

207 NORTH BROAD STREET, 3RD FLOOR - PHILADELPHIA, PA 191071500267-479-4152ccpdocs.comLinkedIn501-1000 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$209.5M

+17.4% from 2022

Total participants

997

+2.2% from 2022

Average account balance

$215,109

+14.5% from 2022

Annual return

15.16%

+30.10 pp from 2022

Benchmarks

See 4,042 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,042 peers

Snapshot2023

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$217.56M

Not enough data

1 years with asset history on file

Average account balance

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

$208K

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.

1,047

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.

96.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+11.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$328

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 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 3 by compensation

Provider	Service type	Compensation
THE CATANELLA INSTITUTIONAL CONSULT2 years Service code 27 · EIN 13-2638166	Advisory (Plan)	$147,016
NEWPORT GROUP, INC.8 years Service code 13 · EIN 27-2037969	Contract Administrator	$136,617
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131	Bank Trustee	$23,670

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T2X3D3F

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

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

$307K

$450 / participant

Recordkeeping$137K44.5%
Trustee / custodial$24K7.7%
Investment mgmt$147K47.8%

% of EOY assets

0.147%

all-in expense ratio

Categories reported

3 / 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: SKLAR CARMOSIN & COMPANY
Auditor EIN: 231285212
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$215,109

$47,126+356.5%

$149,673+43.7%

$74,419+189.1%

Participation rate

96.6%

63.4%+33.2pp

78.8%+17.9pp

70.7%+25.9pp

Annual return

15.16%

22.75%-7.6pp

134.42%-119.3pp

34.38%-19.2pp

Employer contribution / active EE

$8,426

$1,905+342.2%

$4,818+74.9%

$2,637+219.5%

Participant deferral / active EE

$7,326

$2,728+168.6%

$5,680+29.0%

$4,528+61.8%

Admin fee / account holder

$316

$343-7.9%

$13,210-97.6%

$348-9.3%

Provider

Service type

Compensation

THE CATANELLA INSTITUTIONAL CONSULT2 years

Service code 27 · EIN 13-2638166

Advisory (Plan)

$147,016

NEWPORT GROUP, INC.8 years

Service code 13 · EIN 27-2037969

Contract Administrator

$136,617

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT TRUST COMPANY

Service code 21 · EIN 27-4411131

Bank Trustee

$23,670

CARDIOLOGY CONSULTANTS OF PHILADELPHIA, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARDIOLOGY CONSULTANTS OF PHILADELPHIA, P.C. 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