Retirement plan

GREATER PITTSBURGH ORTHOPAEDIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN

Name: GREATER PITTSBURGH ORTHOPAEDIC ASSOCIATES, INC. - GREATER PITTSBURGH ORTHOPAEDIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: GREATER PITTSBURGH ORTHOPAEDIC ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREATER PITTSBURGH ORTHOPAEDIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN, GREATER PITTSBURGH ORTHOPAEDIC ASSOCIATES, INC.

GREATER PITTSBURGH ORTHOPAEDIC ASSOCIATES, INC.EIN 25-1103058Plan #005PY 2023

5820 CENTRE AVENUE - PITTSBURGH, PA 15206412-661-5500LinkedIn11-50 employeesmedical practice

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$42.2M

+22.7% from 2022

Total participants

191

-6.8% from 2022

Average account balance

$221,124

+31.7% from 2022

Annual return

21.90%

+42.09 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

$46.02M

Not enough data

1 years with asset history on file

Average account balance

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

$228K

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.

202

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+17.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$358

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 3 by compensation

Provider	Service type	Compensation
PETREDIS INVESTMENT ADVISORS LLC1 year Service code 99 100 PINEWOOD LANE SUITE 307 · WARRENDALE, PA 15086	Other Fees	$51,000
METRO BENEFITS, INC.9+ years Service code 13 THE EXECUTIVE CENTER · PITTSBURGH, PA 15237	Contract Administrator	$4,682
AMERICAN FUNDS5 years Filed as: CAPITAL GROUP RETIREMENT SERVICES Service code 17 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Pension Consulting	$2,288

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$57K

$401 / participant

Investment mgmt$57K100.0%

% of EOY assets

0.136%

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: SCHNEIDER DOWNS & COMPANY
Auditor EIN: 251408703
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$221,124

$61,391+260.2%

$149,723+47.7%

$71,529+209.1%

Participation rate

100.0%

62.5%+37.5pp

78.8%+21.2pp

67.9%+32.1pp

Annual return

21.90%

35.88%-14.0pp

134.50%-112.6pp

28.97%-7.1pp

Employer contribution / active EE

$7,245

$2,384+204.0%

$4,821+50.3%

$2,590+179.8%

Participant deferral / active EE

$5,867

$2,921+100.9%

$5,682+3.2%

$4,291+36.7%

Admin fee / account holder

$300

$1,264-76.3%

$13,215-97.7%

$1,588-81.1%

Provider

Service type

Compensation

PETREDIS INVESTMENT ADVISORS LLC1 year

Service code 99

100 PINEWOOD LANE SUITE 307 · WARRENDALE, PA 15086

Other Fees

$51,000

METRO BENEFITS, INC.9+ years

Service code 13

THE EXECUTIVE CENTER · PITTSBURGH, PA 15237

Contract Administrator

$4,682

AMERICAN FUNDS5 years

Filed as: CAPITAL GROUP RETIREMENT SERVICES

Service code 17

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Pension Consulting

$2,288

GREATER PITTSBURGH ORTHOPAEDIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREATER PITTSBURGH ORTHOPAEDIC ASSOCIATES, INC. 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