Retirement plan

LAKE COUNTY PHYSICIANS ASSOCIATION AT SAINT THERES 401(K) PROFIT SHARING PLAN

Name: LAKE COUNTY PHYSICIANS ASSOCIATION - LAKE COUNTY PHYSICIANS ASSOCIATION AT SAINT THERES 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: LAKE COUNTY PHYSICIANS ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAKE COUNTY PHYSICIANS ASSOCIATION AT SAINT THERES 401(K) PROFIT SHARING PLAN, LAKE COUNTY PHYSICIANS ASSOCIATION

LAKE COUNTY PHYSICIANS ASSOCIATIONEIN 36-3789511Plan #001PY 2023

4189 GROVE AVENUE - GURNEE, IL 60031224-456-4547lakecountyphysicians.comLinkedIn1-10 employeesinsurance

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$257K

-34.4% from 2022

Total participants

-37.5% from 2022

Average account balance

$51,500

+4.9% from 2022

Annual return

4.16%

+5.59 pp from 2022

Benchmarks

See 18,494 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort18,494 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$213K

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

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

$37K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+5.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$194K

$38862 / participant

Other / not subdivided$194K100.0%

% of EOY assets

75.460%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,500

$96,361-46.6%

$80,607-36.1%

$139,456-63.1%

Participation rate

100.0%

73.6%+26.4pp

67.0%+33.0pp

80.3%+19.7pp

Annual return

4.16%

1350.95%-1346.8pp

936.11%-931.9pp

373.45%-369.3pp

Employer contribution / active EE

$2,648

$3,262-18.8%

$2,724-2.8%

$4,753-44.3%

Participant deferral / active EE

$5,878

$5,232+12.4%

$4,448+32.2%

$6,711-12.4%

Admin fee / account holder

$38,862

$6,601+488.7%

$5,379+622.4%

$11,407+240.7%

LAKE COUNTY PHYSICIANS ASSOCIATION AT SAINT THERES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAKE COUNTY PHYSICIANS ASSOCIATION AT SAINT THERES 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