Retirement plan

FIRST SETTLEMENT PHYSICAL THERAPY 401(K) PLAN

Name: FIRST SETTLEMENT PHYSICAL THERAPY, INC. - FIRST SETTLEMENT PHYSICAL THERAPY 401(K) PLAN (2024) Form 5500
Creator: FIRST SETTLEMENT PHYSICAL THERAPY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST SETTLEMENT PHYSICAL THERAPY 401(K) PLAN, FIRST SETTLEMENT PHYSICAL THERAPY, INC.

FIRST SETTLEMENT PHYSICAL THERAPY, INC.EIN 31-1677991Plan #001PY 2024

329 8TH ST., 2ND FLOOR - PARKERSBURG, WV 26101304-295-3060fspt.orgLinkedIn51-200 employeesmedical practice

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$7.2M

+24.6% from 2023

Total participants

270

+12.5% from 2023

Average account balance

$38,306

+11.4% from 2023

Annual return

15.70%

-5.61 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

$7.20M

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

188

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.

63.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$883K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+15.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$150

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 5 by compensation

Provider	Service type	Compensation
SUNTRUST BANKS, INC.1 year Filed as: TRUIST ADVISORY SERVICES INC. Service code 27 303 PEACHTREE CENTER AVE STE 140 · ATLANTA, GA 30303	Advisory (Plan)	$17,247
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO OF AME Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$8,918
360 PAYROLL INTEGRATION CORP1 year Service code 99 3032 E COMMERICAL BLVD #110 · FT LAUDERDALE, FL 33308	Other Fees	$3,230
JACKSON KELLY PLLC1 year Service code 13 · EIN 55-0394215 PO BOX 553 · CHARLESTON, WV 25322	Contract Administrator	$2,080
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$45

Plan features & details

Pension benefit codes2E2J2F2G2R3D2K2T

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.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$28K

$126 / participant

Recordkeeping$9K31.6%
Investment mgmt$14K49.1%
Contract admin$2K7.4%
Other / not subdivided$3K11.9%

% of EOY assets

0.392%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SUTTLE & STALNAKER, PLLC
Auditor EIN: 550538163
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,306

$55,437-30.9%

$155,534-75.4%

$74,459-48.6%

Participation rate

63.6%

61.9%+1.7pp

78.2%-14.7pp

67.2%-3.7pp

Annual return

15.70%

269.58%-253.9pp

64.92%-49.2pp

1369.70%-1354.0pp

Employer contribution / active EE

$1,399

$2,266-38.3%

$4,675-70.1%

$2,626-46.7%

Participant deferral / active EE

$2,527

$2,837-10.9%

$5,630-55.1%

$4,350-41.9%

Admin fee / account holder

$150

$1,742-91.4%

$15,900-99.1%

$1,945-92.3%

Provider

Service type

Compensation

SUNTRUST BANKS, INC.1 year

Filed as: TRUIST ADVISORY SERVICES INC.

Service code 27

303 PEACHTREE CENTER AVE STE 140 · ATLANTA, GA 30303

Advisory (Plan)

$17,247

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO OF AME

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$8,918

360 PAYROLL INTEGRATION CORP1 year

Service code 99

3032 E COMMERICAL BLVD #110 · FT LAUDERDALE, FL 33308

Other Fees

$3,230

JACKSON KELLY PLLC1 year

Service code 13 · EIN 55-0394215

PO BOX 553 · CHARLESTON, WV 25322

Contract Administrator

$2,080

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$45

FIRST SETTLEMENT PHYSICAL THERAPY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST SETTLEMENT PHYSICAL THERAPY 401(K) 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