Retirement plan

PREFERRED PRIMARY CARE PHYSICIANS, INC. 401K PROFIT SHARING PLAN

Name: PREFERRED PRIMARY CARE PHYSICIANS, INC. - PREFERRED PRIMARY CARE PHYSICIANS, INC. 401K PROFIT SHARING PLAN (2018) Form 5500
Creator: PREFERRED PRIMARY CARE PHYSICIANS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PREFERRED PRIMARY CARE PHYSICIANS, INC. 401K PROFIT SHARING PLAN, PREFERRED PRIMARY CARE PHYSICIANS, INC.

PREFERRED PRIMARY CARE PHYSICIANS, INC.EIN 25-1742085Plan #001PY 2018

1910 COCHRAN RD,STE 490,MANOR OAKII - PITTSBURGH, PA 152201203412-531-2902ppcp.orgLinkedIn201-500 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$49.3M

-2.3% from 2017

Total participants

347

-0.6% from 2017

Average account balance

$141,987

-1.7% from 2017

Annual return

-4.65%

-24.86 pp from 2017

Benchmarks

See 3,850 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,850 peers

Snapshot2018

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Analytics

Total assets (EOY)

Plan-year ending balance

$79.39M

Not enough data

1 years with asset history on file

Average account balance

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

$152K

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.

524

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

$5.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+15.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$95

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
HEFREN-TILLOTSON, INC.4+ years Service code 27 · EIN 25-1121408 308 SEVENTH AVENUE · PITTSBURGH, PA 15222	Advisory (Plan)	$96,644
WALKER BENEFITS, LLC4+ years Filed as: WALKER BENEFITS, INC. Service code 13 · EIN 25-1849125 2599 WILMINGTON ROAD · NEW CASTLE, PA 16105	Contract Administrator	$7,718
AMERICAN FUNDS4+ years Filed as: CAPITAL RESEARCH AND MANANAGMNT CO Service code 64 · EIN 95-1411037 333 SOUTH HOPE STREET · LOS ANGELES, PA 90071	Recordkeeping Fees	$3,754

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

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.
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.
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.
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

$108K

$405 / participant

Investment mgmt$97K89.4%
Contract admin$4K3.5%
Other / not subdivided$8K7.1%

% of EOY assets

0.219%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KLINE KEPPEL & KORYAK, PC
Auditor EIN: 251400745
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$141,987

$37,196+281.7%

$154,107-7.9%

$55,725+154.8%

Participation rate

100.0%

64.1%+35.9pp

83.0%+17.0pp

70.9%+29.1pp

Annual return

-4.65%

1319.68%-1324.3pp

735.12%-739.8pp

244.93%-249.6pp

Employer contribution / active EE

$6,443

$1,614+299.1%

$5,298+21.6%

$2,078+210.0%

Participant deferral / active EE

$4,960

$2,068+139.8%

$5,081-2.4%

$3,356+47.8%

Admin fee / account holder

$312

$102+206.7%

$13,411-97.7%

$115+170.5%

Provider

Service type

Compensation

HEFREN-TILLOTSON, INC.4+ years

Service code 27 · EIN 25-1121408

308 SEVENTH AVENUE · PITTSBURGH, PA 15222

Advisory (Plan)

$96,644

WALKER BENEFITS, LLC4+ years

Filed as: WALKER BENEFITS, INC.

Service code 13 · EIN 25-1849125

2599 WILMINGTON ROAD · NEW CASTLE, PA 16105

Contract Administrator

$7,718

AMERICAN FUNDS4+ years

Filed as: CAPITAL RESEARCH AND MANANAGMNT CO

Service code 64 · EIN 95-1411037

333 SOUTH HOPE STREET · LOS ANGELES, PA 90071

Recordkeeping Fees

$3,754

PREFERRED PRIMARY CARE PHYSICIANS, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PREFERRED PRIMARY CARE PHYSICIANS, INC. 401K 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