Retirement plan

GENESIS MEDICAL ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN

Name: GENESIS MEDICAL ASSOCIATES, INC. - GENESIS MEDICAL ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: GENESIS MEDICAL ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GENESIS MEDICAL ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN, GENESIS MEDICAL ASSOCIATES, INC.

GENESIS MEDICAL ASSOCIATES, INC.EIN 25-1753321Plan #001PY 2024

8150 PERRY HIGHWAY, SUITE 300 - PITTSBURGH, PA 15237412-369-9550genesismedical.orgLinkedIn51-200 employeesmedical practice

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$49.5M

+14.8% from 2023

Total participants

319

+12.3% from 2023

Average account balance

$155,036

+2.2% from 2023

Annual return

14.48%

-3.81 pp from 2023

Benchmarks

See 4,131 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,131 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$49.46M

Not enough data

1 years with asset history on file

Average account balance

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

$155K

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.

319

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

$3.39M

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

+14.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$291

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
MORGAN STANLEY SMITH BARNEY6 years Filed as: MORGAN STANLEY Service code 27 1585 BROADWAY · NEW YORK, NY 10036	Advisory (Plan)	$68,067
AMERICAN FUNDS8 years Filed as: CAPITAL RESEARCH AND MANAGEMENT CO. Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$21,338
DUNBAR, BENDER & ZAPF, INC.2 years Service code 13 400 HOLIDAY DR. · PITTSBURGH, PA 152202727	Contract Administrator	$3,500

Plan features & details

Pension benefit codes2A2E2G2J2T2F

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.
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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$93K

$369 / participant

Investment mgmt$68K73.4%
Contract admin$25K26.6%

% of EOY assets

0.187%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KLINE KEPPEL AND KORYAK PC
Auditor EIN: 251400745
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$155,036

$50,812+205.1%

$155,602-0.4%

$77,692+99.6%

Participation rate

100.0%

63.1%+36.9pp

78.2%+21.8pp

70.6%+29.4pp

Annual return

14.48%

34.85%-20.4pp

64.81%-50.3pp

31.25%-16.8pp

Employer contribution / active EE

$7,605

$1,989+282.4%

$4,675+62.7%

$2,726+179.0%

Participant deferral / active EE

$5,902

$2,822+109.1%

$5,629+4.8%

$4,648+27.0%

Admin fee / account holder

$291

$436-33.4%

$15,923-98.2%

$431-32.5%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY6 years

Filed as: MORGAN STANLEY

Service code 27

1585 BROADWAY · NEW YORK, NY 10036

Advisory (Plan)

$68,067

AMERICAN FUNDS8 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT CO.

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$21,338

DUNBAR, BENDER & ZAPF, INC.2 years

Service code 13

400 HOLIDAY DR. · PITTSBURGH, PA 152202727

Contract Administrator

$3,500

GENESIS MEDICAL ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GENESIS MEDICAL 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