Retirement plan

PROSCAN IMAGING, LLC PROFIT SHARING PLAN

Name: PROSCAN IMAGING, LLC - PROSCAN IMAGING, LLC PROFIT SHARING PLAN (2024) Form 5500
Creator: PROSCAN IMAGING, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROSCAN IMAGING, LLC PROFIT SHARING PLAN, PROSCAN IMAGING, LLC

PROSCAN IMAGING, LLCEIN 31-1466329Plan #001PY 2024

5400 KENNEDY AVENUE - CINCINNATI, OH 45213513-373-5400proscan.comLinkedIn501-1000 employeesmedical practice

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$22.4M

+26.0% from 2023

Total participants

545

+9.0% from 2023

Average account balance

$48,331

+17.0% from 2023

Annual return

16.33%

-3.14 pp from 2023

Benchmarks

See 3,298 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.38M

Not enough data

1 years with asset history on file

Average account balance

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

$48K

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.

463

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.

76.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.28M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+16.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14

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
LATITUDE SERVICE COMPANY INC4 years Filed as: LATITUDE SERVICE COMPANY, INC. Service code 13 1500 N OAK DRIVE · PLYMOUTH, IN 46563	Contract Administrator	$1,969
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVENE CENTER DRIVE, CA 92618	Recordkeeping Fees	$325

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.
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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$6K

$19 / participant

Contract admin$6K100.0%

% of EOY assets

0.029%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLARK, SCHAEFER, HACKETT & CO.
Auditor EIN: 310800053
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,331

$106,230-54.5%

$147,080-67.1%

$77,736-37.8%

Participation rate

76.0%

78.4%-2.4pp

82.2%-6.2pp

70.6%+5.4pp

Annual return

16.33%

56.91%-40.6pp

420.17%-403.8pp

31.26%-14.9pp

Employer contribution / active EE

$2,247

$4,072-44.8%

$4,933-54.5%

$2,728-17.6%

Participant deferral / active EE

$4,454

$8,001-44.3%

$8,066-44.8%

$4,651-4.2%

Admin fee / account holder

$14

$338-95.9%

$12,989-99.9%

$433-96.8%

Provider

Service type

Compensation

LATITUDE SERVICE COMPANY INC4 years

Filed as: LATITUDE SERVICE COMPANY, INC.

Service code 13

1500 N OAK DRIVE · PLYMOUTH, IN 46563

Contract Administrator

$1,969

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVENE CENTER DRIVE, CA 92618

Recordkeeping Fees

$325

PROSCAN IMAGING, LLC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROSCAN IMAGING, LLC 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