Retirement plan

LEHIGH VALLEY PAIN & PRIMARY CARE, INC. 401(K) PLAN

Name: LEHIGH VALLEY PAIN & PRIMARY CARE, INC. - LEHIGH VALLEY PAIN & PRIMARY CARE, INC. 401(K) PLAN (2023) Form 5500
Creator: LEHIGH VALLEY PAIN & PRIMARY CARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEHIGH VALLEY PAIN & PRIMARY CARE, INC. 401(K) PLAN, LEHIGH VALLEY PAIN & PRIMARY CARE, INC.

LEHIGH VALLEY PAIN & PRIMARY CARE, INC.EIN 23-2623902Plan #003PY 2023

1146 S. CEDAR CREST BLVD - ALLENTOWN, PA 18103610-366-9000LinkedIn11-50 employeesmedical practice

Prospect flagsHigh feesLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$221K

+97.2% from 2022

Total participants

+5.0% from 2022

Average account balance

$6,132

+86.3% from 2022

Annual return

22.18%

+47.40 pp from 2022

Benchmarks

See 20,797 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,797 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$258K

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

88.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$85K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3537

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$13K

$439 / participant

Other / not subdivided$13K100.0%

% of EOY assets

5.772%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$6,132

$77,920-92.1%

$149,723-95.9%

$75,177-91.8%

Participation rate

79.3%

65.6%+13.7pp

78.8%+0.5pp

67.2%+12.1pp

Annual return

22.18%

31.72%-9.5pp

134.50%-112.3pp

160.75%-138.6pp

Employer contribution / active EE

$3,138-100.0%

$4,821-100.0%

$2,671-100.0%

Participant deferral / active EE

$3,222

$3,411-5.6%

$5,682-43.3%

$4,126-21.9%

Admin fee / account holder

$354

$5,951-94.1%

$13,215-97.3%

$5,651-93.7%

LEHIGH VALLEY PAIN & PRIMARY CARE, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEHIGH VALLEY PAIN & PRIMARY CARE, INC. 401(K) 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