Retirement plan

ASAP 401(K) & PROFIT SHARING PLAN

Name: ASSOCIATED SURGEONS & PHYSICIANS, LLC - ASAP 401(K) & PROFIT SHARING PLAN (2024) Form 5500
Creator: ASSOCIATED SURGEONS & PHYSICIANS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASAP 401(K) & PROFIT SHARING PLAN, ASSOCIATED SURGEONS & PHYSICIANS, LLC

ASSOCIATED SURGEONS & PHYSICIANS, LLCEIN 26-3512835Plan #001PY 2024

2518 E DUPONT ROAD - FORT WAYNE, IN 46825260-432-4400asapindiana.comLinkedIn201-500 employeeshospital & health care

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$35.4M

+3.4% from 2023

Total participants

275

+5.0% from 2023

Average account balance

$137,094

-1.1% from 2023

Annual return

13.43%

-4.32 pp from 2023

Benchmarks

See 5,998 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,998 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.37M

Not enough data

1 years with asset history on file

Average account balance

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

$137K

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.

258

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.

89.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.33M

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

+13.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$66

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
STRATEGIC WEALTH PARTNERS4 years Filed as: STRATEGIC WEALTH PARTNERS GROUP, L Service code 16 · EIN 47-2046833	Consulting	$47,573
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	-$20,253

Plan features & details

Pension benefit codes2F2G2J2T3B2E3D2R

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$17K

$106 / participant

Other / not subdivided$17K100.0%

% of EOY assets

0.048%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BADEN, GAGE & SCHROEDER, LLC
Auditor EIN: 351939627
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$137,094

$55,437+147.3%

$155,534-11.9%

$74,459+84.1%

Participation rate

89.4%

61.9%+27.5pp

78.2%+11.2pp

67.2%+22.2pp

Annual return

13.43%

269.58%-256.2pp

64.92%-51.5pp

1369.70%-1356.3pp

Employer contribution / active EE

$2,322

$2,266+2.4%

$4,675-50.3%

$2,626-11.6%

Participant deferral / active EE

$6,007

$2,837+111.7%

$5,630+6.7%

$4,350+38.1%

Admin fee / account holder

$66

$1,742-96.2%

$15,900-99.6%

$1,945-96.6%

Provider

Service type

Compensation

STRATEGIC WEALTH PARTNERS4 years

Filed as: STRATEGIC WEALTH PARTNERS GROUP, L

Service code 16 · EIN 47-2046833

Consulting

$47,573

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$20,253

ASAP 401(K) & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASAP 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