Retirement plan

ANESTHESIA SPECIALISTS OF BETHLEHEM, 401(K) PLAN

Name: ANESTHESIA SPECIALISTS OF BETHLEHEM, P.C. - ANESTHESIA SPECIALISTS OF BETHLEHEM, 401(K) PLAN (2019) Form 5500
Creator: ANESTHESIA SPECIALISTS OF BETHLEHEM, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANESTHESIA SPECIALISTS OF BETHLEHEM, 401(K) PLAN, ANESTHESIA SPECIALISTS OF BETHLEHEM, P.C.

ANESTHESIA SPECIALISTS OF BETHLEHEM, P.C.EIN 23-2748823Plan #002PY 2019

ONE WEST BROAD STREET, SUITE 506 - BETHLEHEM, PA 18018610-954-5810anesthesiabethlehem.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesHigh cashHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$53.3M

+29.1% from 2018

Total participants

159

+48.6% from 2018

Average account balance

$397,663

+3.1% from 2018

Annual return

23.31%

+24.00 pp from 2018

Benchmarks

See 5,341 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,341 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$104.14M

Not enough data

1 years with asset history on file

Average account balance

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

$397K

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.

262

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.

91.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$55K

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

+13.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$80

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
UNIVEST1 year Service code 28 · EIN 23-1886144	Investment Management	$67,455
R. P. MILLS ASSOCIATES, INC.1 year Service code 64 · EIN 23-1706388	Recordkeeping Fees	$6,000

Plan features & details

Pension benefit codes2E2G2J2R2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

$73K

$507 / participant

Investment mgmt$67K91.0%
Contract admin$6000.8%
Other / not subdivided$6K8.2%

% of EOY assets

0.138%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CONCANNON, MILLER & CO., P.C.
Auditor EIN: 232620120
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$397,663

$52,967+650.8%

$172,753+130.2%

$65,186+510.0%

Participation rate

82.8%

66.2%+16.6pp

82.6%+0.1pp

70.2%+12.6pp

Annual return

23.31%

30.12%-6.8pp

803.00%-779.7pp

29.39%-6.1pp

Employer contribution / active EE

$31,840

$2,190+1353.7%

$5,144+519.0%

$2,177+1362.7%

Participant deferral / active EE

$6,167

$2,471+149.6%

$5,198+18.7%

$3,514+75.5%

Admin fee / account holder

$548

$472+16.1%

$13,956-96.1%

$847-35.3%

Provider

Service type

Compensation

UNIVEST1 year

Service code 28 · EIN 23-1886144

Investment Management

$67,455

R. P. MILLS ASSOCIATES, INC.1 year

Service code 64 · EIN 23-1706388

Recordkeeping Fees

$6,000

ANESTHESIA SPECIALISTS OF BETHLEHEM, 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANESTHESIA SPECIALISTS OF BETHLEHEM, 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