Retirement plan

PACIFIC CARDIOVASCULAR ASSOCIATES MEDICAL GROUP, INC. 401(K) SAVINGS PLUS PLAN

Name: PACIFIC CARDIOVASCULAR ASSOCIATES MEDICAL GROUP, INC. - PACIFIC CARDIOVASCULAR ASSOCIATES MEDICAL GROUP, INC. 401(K) SAVINGS PLUS PLAN (2022) Form 5500
Creator: PACIFIC CARDIOVASCULAR ASSOCIATES MEDICAL GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PACIFIC CARDIOVASCULAR ASSOCIATES MEDICAL GROUP, INC. 401(K) SAVINGS PLUS PLAN, PACIFIC CARDIOVASCULAR ASSOCIATES MEDICAL GROUP, INC.

PACIFIC CARDIOVASCULAR ASSOCIATES MEDICAL GROUP, INC.EIN 33-0168095Plan #001PY 2022

3080 BRISTOL STREET, STE 150 - COSTA MESA, CA 92626714-445-0220pcacardiology.comLinkedIn51-200 employeesmedical practice

Prospect flagsHigh cashLow participationRecently reached 100 employees

How to read this page

Total assets (EOY)

$8.1M

-11.0% from 2021

Total participants

153

-16.4% from 2021

Average account balance

$73,655

-21.5% from 2021

Annual return

-14.80%

-29.20 pp from 2021

Benchmarks

See 5,345 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,345 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.39M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

129

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.

59.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$67

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
WILSHIRE ASSOCIATES INCORPORATED3 years Filed as: WILSHIRE ASSOCIATES Service code 16 1299 OCEAN AVE STE 700 · SANTA MONICA, CA 90401	Consulting	$3,997
INSPERITY RETIREMENT SERVICES4+ years Service code 15 · EIN 56-2375265 19001 CRESCENT SPRINGS DR · KINGWOOD, TX 77339	Recordkeeping	$1,638

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$6K

$48 / participant

Investment mgmt$4K70.9%
Other / not subdivided$2K29.1%

% of EOY assets

0.070%

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: VASQUEZ & COMPANY LLP
Auditor EIN: 330700332
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,655

$65,125+13.1%

$143,797-48.8%

$66,949+10.0%

Participation rate

63.6%

65.2%-1.6pp

80.3%-16.8pp

69.8%-6.3pp

Annual return

-14.80%

-11.13%-3.7pp

-0.04%-14.8pp

1.57%-16.4pp

Employer contribution / active EE

$2,612

$2,362+10.6%

$4,952-47.3%

$2,545+2.6%

Participant deferral / active EE

$5,371

$2,920+83.9%

$5,638-4.7%

$4,239+26.7%

Admin fee / account holder

$51

$503-89.8%

$14,679-99.7%

$594-91.4%

Provider

Service type

Compensation

WILSHIRE ASSOCIATES INCORPORATED3 years

Filed as: WILSHIRE ASSOCIATES

Service code 16

1299 OCEAN AVE STE 700 · SANTA MONICA, CA 90401

Consulting

$3,997

INSPERITY RETIREMENT SERVICES4+ years

Service code 15 · EIN 56-2375265

19001 CRESCENT SPRINGS DR · KINGWOOD, TX 77339

Recordkeeping

$1,638

PACIFIC CARDIOVASCULAR ASSOCIATES MEDICAL GROUP, INC. 401(K) SAVINGS PLUS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACIFIC CARDIOVASCULAR ASSOCIATES MEDICAL GROUP, INC. 401(K) SAVINGS PLUS 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