Retirement plan

TRI-STATE IMG (IMAGING MEDICAL GROUP), INC. 401(K) PROFIT SHARING PLAN

Name: TRISTATE IMG (IMAGING MEDICAL GROUP), INC. - TRI-STATE IMG (IMAGING MEDICAL GROUP), INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: TRISTATE IMG (IMAGING MEDICAL GROUP), INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRI-STATE IMG (IMAGING MEDICAL GROUP), INC. 401(K) PROFIT SHARING PLAN, TRISTATE IMG (IMAGING MEDICAL GROUP), INC.

TRISTATE IMG (IMAGING MEDICAL GROUP), INC.EIN 31-0736495Plan #002PY 2023

8160 CORPORATE PARK DRIVE, #330 - CINCINNATI, OH 45242513-862-3710

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$41.2M

+35.5% from 2022

Total participants

+5.7% from 2022

Average account balance

$748,715

+30.6% from 2022

Annual return

28.73%

+55.96 pp from 2022

Benchmarks

See 20,797 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,797 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$46.54M

Not enough data

1 years with asset history on file

Average account balance

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

$716K

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.

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.

118.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.69M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$49K

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

+19.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$80722

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2R3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$181K

$3845 / participant

Other / not subdivided$181K100.0%

% of EOY assets

0.439%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$748,715

$77,920+860.9%

$149,723+400.1%

$75,177+895.9%

Participation rate

97.9%

65.6%+32.3pp

78.8%+19.1pp

67.2%+30.7pp

Annual return

28.73%

31.72%-3.0pp

134.50%-105.8pp

160.75%-132.0pp

Employer contribution / active EE

$26,202

$3,138+734.9%

$4,821+443.5%

$2,671+881.0%

Participant deferral / active EE

$20,394

$3,411+497.8%

$5,682+258.9%

$4,126+394.2%

Admin fee / account holder

$3,286

$5,951-44.8%

$13,215-75.1%

$5,651-41.9%

TRI-STATE IMG (IMAGING MEDICAL GROUP), INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRI-STATE IMG (IMAGING MEDICAL GROUP), 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