Retirement plan

EASTERN PENNSYLVANIA GASTROENTEROLOGY & LIVER SPECIALISTS, P. C. PROFIT SHARING PLAN

Name: EASTERN PA GASTROENTEROLOGY & LIVER SPECIALISTS, P.C. - EASTERN PENNSYLVANIA GASTROENTEROLOGY & LIVER SPECIALISTS, P. C. PROFIT SHARING PLAN (2023) Form 5500
Creator: EASTERN PA GASTROENTEROLOGY & LIVER SPECIALISTS, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EASTERN PENNSYLVANIA GASTROENTEROLOGY & LIVER SPECIALISTS, P. C. PROFIT SHARING PLAN, EASTERN PA GASTROENTEROLOGY & LIVER SPECIALISTS, P.C.

EASTERN PA GASTROENTEROLOGY & LIVER SPECIALISTS, P.C.EIN 23-2137906Plan #002PY 2023

1501 NORTH CEDAR CREST BOULEVARD, SUITE 110 - ALLENTOWN, PA 18104610-821-2828LinkedIn51-200 employeesmedical practice

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$14.5M

+1.5% from 2022

Total participants

145

+11.5% from 2022

Average account balance

$101,029

-8.4% from 2022

Annual return

-0.69%

+8.04 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

$442

Not enough data

1 years with asset history on file

Average account balance

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

$442

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.

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$582K

Not enough data

1 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

+5.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$109475

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

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
FULTON FINANCIAL ADVISORS2 years Filed as: FULTON BANK, N.A. Service code 15 · EIN 23-1928421	Recordkeeping	$76,264

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.

Opportunity flags

2 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.

Expense breakdown

Schedule H Part II

Admin total

$74K

$715 / participant

Investment mgmt$74K100.0%

% of EOY assets

0.511%

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: BUCKNO LISICKY & COMPANY
Auditor EIN: 232426656
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$101,029

$61,391+64.6%

$149,723-32.5%

$71,529+41.2%

Participation rate

99.0%

62.5%+36.5pp

78.8%+20.3pp

67.9%+31.1pp

Annual return

-0.69%

35.88%-36.6pp

134.50%-135.2pp

28.97%-29.7pp

Employer contribution / active EE

$3,512

$2,384+47.3%

$4,821-27.2%

$2,590+35.6%

Participant deferral / active EE

$6,596

$2,921+125.8%

$5,682+16.1%

$4,291+53.7%

Admin fee / account holder

$516

$1,264-59.2%

$13,215-96.1%

$1,588-67.5%

Provider

Service type

Compensation

FULTON FINANCIAL ADVISORS2 years

Filed as: FULTON BANK, N.A.

Service code 15 · EIN 23-1928421

Recordkeeping

$76,264

EASTERN PENNSYLVANIA GASTROENTEROLOGY & LIVER SPECIALISTS, P. C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EASTERN PENNSYLVANIA GASTROENTEROLOGY & LIVER SPECIALISTS, P. C. 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