Retirement plan

FOUNDATION PHYSICIANS MEDICAL GROUP, INC. 401(K) PLAN

Name: FOUNDATION PHYSICIANS MEDICAL GROUP, INC. - FOUNDATION PHYSICIANS MEDICAL GROUP, INC. 401(K) PLAN (2024) Form 5500
Creator: FOUNDATION PHYSICIANS MEDICAL GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FOUNDATION PHYSICIANS MEDICAL GROUP, INC. 401(K) PLAN, FOUNDATION PHYSICIANS MEDICAL GROUP, INC.

FOUNDATION PHYSICIANS MEDICAL GROUP, INC.EIN 32-0221884Plan #001PY 2024

3400 DATA DRIVE, ATTN PHYSSVCS - RANCHO CORDOVA, CA 95670916-389-8003LinkedIn201-500 employeesmedical practice

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$116.7M

+19.3% from 2023

Total participants

539

-2.7% from 2023

Average account balance

$230,090

+15.7% from 2023

Annual return

16.47%

-11.46 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$116.66M

Not enough data

1 years with asset history on file

Average account balance

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

$230K

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.

507

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

$12.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$42K

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

+16.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$155

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 4 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.8 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$31,257
PKF O'CONNOR DAVIES, LLP5 years Filed as: PKF, LLP Service code 10 · EIN 81-3391684	Accounting	$19,950
RESOURCES INVESTMENT ADVISORS LLC5 years Service code 27 · EIN 43-1451524	Advisory (Plan)	$17,500
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$7,677

Plan features & details

Pension benefit codes2A2T3D2R

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

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

Expense breakdown

Schedule H Part II

Admin total

$79K

$260 / participant

Recordkeeping$8K9.6%
Investment mgmt$31K39.7%
Legal$2K3.1%
Other / not subdivided$37K47.6%

% of EOY assets

0.067%

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: WALTERS & SKLYAR LLP
Auditor EIN: 475677171
Audit fees: $19,950
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$230,090

$50,902+352.0%

$155,534+47.9%

$77,736+196.0%

Participation rate

89.4%

63.1%+26.3pp

78.2%+11.2pp

70.6%+18.9pp

Annual return

16.47%

34.85%-18.4pp

64.92%-48.4pp

31.26%-14.8pp

Employer contribution / active EE

$19,599

$1,991+884.2%

$4,675+319.3%

$2,728+618.5%

Participant deferral / active EE

$22,453

$2,824+695.0%

$5,630+298.8%

$4,651+382.8%

Admin fee / account holder

$155

$437-64.5%

$15,900-99.0%

$433-64.2%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.8 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$31,257

PKF O'CONNOR DAVIES, LLP5 years

Filed as: PKF, LLP

Service code 10 · EIN 81-3391684

Accounting

$19,950

RESOURCES INVESTMENT ADVISORS LLC5 years

Service code 27 · EIN 43-1451524

Advisory (Plan)

$17,500

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$7,677

FOUNDATION PHYSICIANS MEDICAL GROUP, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FOUNDATION PHYSICIANS MEDICAL GROUP, INC. 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