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 (2024) 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 2024

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$17.8M

+22.6% from 2023

Total participants

153

+5.5% from 2023

Average account balance

$116,587

+15.4% from 2023

Annual return

20.28%

+20.97 pp from 2023

Benchmarks

See 5,998 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,998 peers

Snapshot2024

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
FULTON FINANCIAL ADVISORS3 years Filed as: FULTON BANK, N.A. Service code 15 · EIN 23-1928421	Recordkeeping	$66,975
BUCKNO LISICKY & COMPANY1 year Service code 10 · EIN 23-2426656	Accounting	$15,397

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

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

$82K

$770 / participant

Recordkeeping$4K5.1%
Investment mgmt$63K76.2%
Other / not subdivided$15K18.7%

% of EOY assets

0.462%

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: BUCKNO LISICKY & COMPANY
Auditor EIN: 232426656
Audit fees: $15,397
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$116,587

$55,437+110.3%

$155,534-25.0%

$74,459+56.6%

Participation rate

100.0%

61.9%+38.1pp

78.2%+21.8pp

67.2%+32.8pp

Annual return

20.28%

269.58%-249.3pp

64.92%-44.6pp

1369.70%-1349.4pp

Employer contribution / active EE

$2,628

$2,266+16.0%

$4,675-43.8%

$2,626+0.1%

Participant deferral / active EE

$6,814

$2,837+140.1%

$5,630+21.0%

$4,350+56.6%

Admin fee / account holder

$538

$1,742-69.1%

$15,900-96.6%

$1,945-72.3%

Provider

Service type

Compensation

FULTON FINANCIAL ADVISORS3 years

Filed as: FULTON BANK, N.A.

Service code 15 · EIN 23-1928421

Recordkeeping

$66,975

BUCKNO LISICKY & COMPANY1 year

Service code 10 · EIN 23-2426656

Accounting

$15,397

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