Retirement plan

VOHRA WOUND PHYSICIANS MANAGEM 401K PROFIT SHARING PLAN AND T

Name: VOHRA WOUND PHYSICIANS MANAGEMEN - VOHRA WOUND PHYSICIANS MANAGEM 401K PROFIT SHARING PLAN AND T (2023) Form 5500
Creator: VOHRA WOUND PHYSICIANS MANAGEMEN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VOHRA WOUND PHYSICIANS MANAGEM 401K PROFIT SHARING PLAN AND T, VOHRA WOUND PHYSICIANS MANAGEMEN

VOHRA WOUND PHYSICIANS MANAGEMENEIN 27-3762447Plan #002PY 2023

3601 SW 160TH AVE, ST 250 - MIRAMAR, FL 33027305-614-3348vohraphysicians.comLinkedIn201-500 employeeshospital & health care

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$26.5M

+29.3% from 2022

Total participants

489

+9.9% from 2022

Average account balance

$90,798

+27.5% from 2022

Annual return

19.65%

+37.87 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.79M

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

307

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.

53.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.89M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+16.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$191

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
MERRILL LYNCH PIERCE FENNER & SMITH9+ years Service code 15 · EIN 13-5674085	Recordkeeping	$44,349
ADP BROKER-DEALER4 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$3,216
ADP BROKER-DEALER9+ years Service code 49 · EIN 22-3319984	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$45K

$109 / participant

Recordkeeping$3K7.2%
Investment mgmt$42K92.8%

% of EOY assets

0.169%

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: CROWE LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,798

$47,163+92.5%

$149,696-39.3%

$74,460+21.9%

Participation rate

52.3%

63.4%-11.1pp

78.8%-26.5pp

70.7%-18.4pp

Annual return

19.65%

22.75%-3.1pp

134.46%-114.8pp

34.38%-14.7pp

Employer contribution / active EE

$1,907-100.0%

$4,821-100.0%

$2,638-100.0%

Participant deferral / active EE

$8,906

$2,730+226.2%

$5,682+56.7%

$4,530+96.6%

Admin fee / account holder

$154

$343-55.2%

$13,212-98.8%

$348-55.8%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH9+ years

Service code 15 · EIN 13-5674085

Recordkeeping

$44,349

ADP BROKER-DEALER4 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$3,216

ADP BROKER-DEALER9+ years

Service code 49 · EIN 22-3319984

Other Services

VOHRA WOUND PHYSICIANS MANAGEM 401K PROFIT SHARING PLAN AND T

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VOHRA WOUND PHYSICIANS MANAGEM 401K PROFIT SHARING PLAN AND T

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