Retirement plan

OB-GYN ASSOCIATES OF ERIE 401(K) PROFIT SHARING PLAN

Name: OB-GYN ASSOCIATES OF ERIE, P.C. - OB-GYN ASSOCIATES OF ERIE 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: OB-GYN ASSOCIATES OF ERIE, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OB-GYN ASSOCIATES OF ERIE 401(K) PROFIT SHARING PLAN, OB-GYN ASSOCIATES OF ERIE, P.C.

OB-GYN ASSOCIATES OF ERIE, P.C.EIN 25-1653555Plan #003PY 2023

100 PEACH STREET, SUITE 300 - ERIE, PA 16507814-459-1851

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$20.8M

+13.0% from 2022

Total participants

185

-12.3% from 2022

Average account balance

$112,413

+28.9% from 2022

Annual return

13.24%

+27.50 pp from 2022

Benchmarks

See 5,719 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,719 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$17.41M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

248

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+10.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$443

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$25,982
SCHAFFNER, KNIGHT, MINNAUGH & CO7 years Service code 10 1001 STATE STREET · ERIE, PA 16501	Accounting	$10,000
DUNBAR, BENDER & ZAPF, INC.7 years Service code 10 · EIN 25-1650062 437 GRANT STREET · PITTSBURGH, PA 15219	Accounting	$9,112
HOUSTON HARBAUGH5 years Service code 29 THREE GATEWAY CENTER · PITTSBURGH, PA 15222	Legal	$122

Plan features & details

Pension benefit codes2E2K2G2J2T3D2R2A

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.

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

$89K

$634 / participant

Recordkeeping$56K62.7%
Investment mgmt$33K37.3%

% of EOY assets

0.430%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: SCHAFFNER, KNIGHT, MINNAUGH & CO.
Auditor EIN: 251690617
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$112,413

$61,272+83.5%

$149,673-24.9%

$71,457+57.3%

Participation rate

100.0%

62.5%+37.5pp

78.8%+21.2pp

67.9%+32.1pp

Annual return

13.24%

35.85%-22.6pp

134.42%-121.2pp

28.85%-15.6pp

Employer contribution / active EE

$2,654

$2,378+11.6%

$4,818-44.9%

$2,588+2.6%

Participant deferral / active EE

$5,639

$2,917+93.3%

$5,680-0.7%

$4,289+31.5%

Admin fee / account holder

$483

$1,261-61.7%

$13,210-96.3%

$1,587-69.5%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$25,982

SCHAFFNER, KNIGHT, MINNAUGH & CO7 years

Service code 10

1001 STATE STREET · ERIE, PA 16501

Accounting

$10,000

DUNBAR, BENDER & ZAPF, INC.7 years

Service code 10 · EIN 25-1650062

437 GRANT STREET · PITTSBURGH, PA 15219

Accounting

$9,112

HOUSTON HARBAUGH5 years

Service code 29

THREE GATEWAY CENTER · PITTSBURGH, PA 15222

Legal

$122

OB-GYN ASSOCIATES OF ERIE 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OB-GYN ASSOCIATES OF ERIE 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