Retirement plan

SCHAUMBURG FAMILY PHYSICIANS, P.C. PROFIT SHARING PLAN AND TRUST

Name: SCHAUMBURG FAMILY PHYSICIANS, P.C. - SCHAUMBURG FAMILY PHYSICIANS, P.C. PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: SCHAUMBURG FAMILY PHYSICIANS, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCHAUMBURG FAMILY PHYSICIANS, P.C. PROFIT SHARING PLAN AND TRUST, SCHAUMBURG FAMILY PHYSICIANS, P.C.

SCHAUMBURG FAMILY PHYSICIANS, P.C.EIN 36-4055579Plan #002PY 2024

25 E SCHAUMBURG RD, SUITE 200 - SCHAUMBURG, IL 60194847-958-9390

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$13.5M

+16.6% from 2023

Total participants

0.0% from 2023

Average account balance

$2,701,672

+16.6% from 2023

Annual return

15.51%

-0.26 pp from 2023

Benchmarks

See 109,631 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,631 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.51M

Not enough data

1 years with asset history on file

Average account balance

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

$2.7M

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$292K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$73K

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

+15.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$47395

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 codes2E2F2G2J2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.

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

$237K

$59244 / participant

Other / not subdivided$237K100.0%

% of EOY assets

1.754%

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

$2,701,672

$183,592+1371.6%

$155,567+1636.7%

$145,959+1751.0%

Participation rate

100.0%

82.7%+17.3pp

78.2%+21.8pp

80.3%+19.7pp

Annual return

15.51%

61.24%-45.7pp

64.74%-49.2pp

561.95%-546.4pp

Employer contribution / active EE

$42,467

$5,315+699.0%

$4,674+808.6%

$4,661+811.1%

Participant deferral / active EE

$30,500

$6,464+371.8%

$5,628+442.0%

$6,689+356.0%

Admin fee / account holder

$47,395

$19,318+145.3%

$15,916+197.8%

$13,398+253.8%

SCHAUMBURG FAMILY PHYSICIANS, P.C. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCHAUMBURG FAMILY 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