Retirement plan

BLANCHARD VALLEY MEDICAL ASSC INC 401(K) PROFIT SHARING PLAN

Name: BLANCHARD VALLEY MEDICAL ASSC INC - BLANCHARD VALLEY MEDICAL ASSC INC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: BLANCHARD VALLEY MEDICAL ASSC INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLANCHARD VALLEY MEDICAL ASSC INC 401(K) PROFIT SHARING PLAN, BLANCHARD VALLEY MEDICAL ASSC INC

BLANCHARD VALLEY MEDICAL ASSC INCEIN 34-1148970Plan #001PY 2024

200 WEST PEARL STREET - FINDLAY, OH 458401394419-424-0380

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$37.6M

+4.1% from 2023

Total participants

134

-0.7% from 2023

Average account balance

$280,458

+4.9% from 2023

Annual return

11.04%

-3.34 pp from 2023

Benchmarks

See 21,775 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,775 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$37.58M

Not enough data

1 years with asset history on file

Average account balance

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

$280K

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.

134

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+11.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1777

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
FIFTH THIRD BANK RETIREMENT SERVICE10+ years Service code 18 · EIN 31-1051736	Investment management fees paid indir...	$76,930
INFRESH, INC.4 years Service code 26 1219 W MAIN CROSS ST · FINDLAY, OH 458400702	Advisory (Participants)	$44,391
NORTHWESTERN MUTUAL INVESTMENT SERV9 years Filed as: NORTHWESTERN MUTUAL Service code 26 720 E. WISCONSIN AVE · MILWAUKEE, WI 532024797	Advisory (Participants)	$44,391
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Service code 18 · EIN 13-5674085	Investment management fees paid indir...	$41,849
JOHN HANCOCK LIFE INSURANCE COMPANY10+ years Service code 15 · EIN 01-0233346	Recordkeeping	$34,658
LEGACY FINANCIAL ADVISORS, INC.9 years Service code 26 · EIN 20-4972254	Advisory (Participants)	$24,213

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3D

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).
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.
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

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

$238K

$2588 / participant

Recordkeeping$238K100.0%

% of EOY assets

0.634%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: VEID & VEID CPA'S
Auditor EIN: 542131378
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$280,458

$81,248+245.2%

$155,509+80.3%

$80,856+246.9%

Participation rate

100.0%

66.2%+33.8pp

78.2%+21.8pp

67.6%+32.4pp

Annual return

11.04%

33.31%-22.3pp

64.67%-53.6pp

35.59%-24.6pp

Employer contribution / active EE

$5,557

$3,100+79.2%

$4,672+18.9%

$2,755+101.7%

Participant deferral / active EE

$6,397

$3,452+85.3%

$5,626+13.7%

$4,296+48.9%

Admin fee / account holder

$1,777

$7,997-77.8%

$15,912-88.8%

$6,918-74.3%

Provider

Service type

Compensation

FIFTH THIRD BANK RETIREMENT SERVICE10+ years

Service code 18 · EIN 31-1051736

Investment management fees paid indir...

$76,930

INFRESH, INC.4 years

Service code 26

1219 W MAIN CROSS ST · FINDLAY, OH 458400702

Advisory (Participants)

$44,391

NORTHWESTERN MUTUAL INVESTMENT SERV9 years

Filed as: NORTHWESTERN MUTUAL

Service code 26

720 E. WISCONSIN AVE · MILWAUKEE, WI 532024797

Advisory (Participants)

$44,391

MERRILL LYNCH PIERCE FENNER & SMITH10+ years

Service code 18 · EIN 13-5674085

Investment management fees paid indir...

$41,849

JOHN HANCOCK LIFE INSURANCE COMPANY10+ years

Service code 15 · EIN 01-0233346

Recordkeeping

$34,658

LEGACY FINANCIAL ADVISORS, INC.9 years

Service code 26 · EIN 20-4972254

Advisory (Participants)

$24,213

BLANCHARD VALLEY MEDICAL ASSC INC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLANCHARD VALLEY MEDICAL ASSC 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