Retirement plan

PROFESSIONAL EMERGENCY PHYSICIANS, P.C. PROFIT SHARING PLAN AND TRUST

Name: PROFESSIONAL EMERGENCY PHYSICIANS, P.C. - PROFESSIONAL EMERGENCY PHYSICIANS, P.C. PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: PROFESSIONAL EMERGENCY PHYSICIANS, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROFESSIONAL EMERGENCY PHYSICIANS, P.C. PROFIT SHARING PLAN AND TRUST, PROFESSIONAL EMERGENCY PHYSICIANS, P.C.

PROFESSIONAL EMERGENCY PHYSICIANS, P.C.EIN 35-1183940Plan #002PY 2023

608 UNION CHAPEL RD - FORT WAYNE, IN 46845260-482-5091professionalemergencyphysicians.comLinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$56.3M

+26.5% from 2022

Total participants

135

+9.8% from 2022

Average account balance

$450,126

+23.5% from 2022

Annual return

18.33%

+32.77 pp from 2022

Benchmarks

See 5,708 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$66.76M

Not enough data

1 years with asset history on file

Average account balance

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

$491K

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.

136

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.

91.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$32K

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

+15.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$715

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 3 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY2 years Service code 26 · EIN 71-0294708	Advisory (Participants)	$70,757
PETTINGA FINANCIAL ADVISORS, LLC2 years Service code 99 · EIN 27-4279360	Other Fees	$40,113
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$10,294

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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$73K

$634 / participant

Investment mgmt$6K8.0%
Contract admin$67K91.8%
Other / not subdivided$1500.2%

% of EOY assets

0.130%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$450,126

$61,356+633.6%

$149,696+200.7%

$71,511+529.4%

Participation rate

91.3%

62.5%+28.8pp

78.8%+12.5pp

67.9%+23.4pp

Annual return

18.33%

35.86%-17.5pp

134.46%-116.1pp

28.86%-10.5pp

Employer contribution / active EE

$17,894

$2,382+651.3%

$4,821+271.2%

$2,589+591.1%

Participant deferral / active EE

$15,687

$2,920+437.3%

$5,682+176.1%

$4,291+265.6%

Admin fee / account holder

$583

$1,263-53.8%

$13,212-95.6%

$1,588-63.3%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$70,757

PETTINGA FINANCIAL ADVISORS, LLC2 years

Service code 99 · EIN 27-4279360

Other Fees

$40,113

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$10,294

PROFESSIONAL EMERGENCY PHYSICIANS, P.C. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROFESSIONAL EMERGENCY PHYSICIANS, P.C. PROFIT SHARING PLAN AND TRUST

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