Retirement plan

X-RAY ASSOCIATES OF PORT HURON, PC EMPLOYEES PROFIT SHARING TRUST

Name: X-RAY ASSOCIATES OF PORT HURON, PC - X-RAY ASSOCIATES OF PORT HURON, PC EMPLOYEES PROFIT SHARING TRUST (2023) Form 5500
Creator: X-RAY ASSOCIATES OF PORT HURON, PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, X-RAY ASSOCIATES OF PORT HURON, PC EMPLOYEES PROFIT SHARING TRUST, X-RAY ASSOCIATES OF PORT HURON, PC

X-RAY ASSOCIATES OF PORT HURON, PCEIN 38-1951356Plan #004PY 2023

P.O. BOX 610458 - PORT HURON, MI 480610458810-985-0029

Other plans on this EIN

1 filing

#005Retirement-$1.7M assets

Prospect flagsHigh feesHigh assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$48.3M

+3.5% from 2016

Total participants

0.0% from 2016

Average account balance

$6,898,735

+3.5% from 2016

Annual return

100.60%

-22.85 pp from 2016

Benchmarks

See 107,925 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,925 peers

Snapshot2023

Participant deferral / active EE

median $5,301

Employer contribution / active EE

$43,083

median $2,498

Participation rate

83.3%

median 100.0%

Avg account balance

$6,898,735

median $75,383

Admin fee / account holder

$142,989

median $627

Annual return

100.60%

median 16.19%

Overall peer rank

49of 100

49th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$41.65M

Average account balance

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

$5.2M

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

133.3%

Contributions (total)

Employer and participant dollars contributed each year

$315K

Contributions per participant

Average employer and participant contribution per enrolled participant

$52K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-14.41%

Admin fee / account holder

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

$3807

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

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 codes2E2G2R2A3D

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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$1.0M

$166821 / participant

Other / not subdivided$1M100.0%

% of EOY assets

2.073%

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

$6,898,735

$175,269+3836.1%

$149,740+4507.1%

$139,500+4845.3%

Participation rate

83.3%

83.4%-0.1pp

78.8%+4.5pp

80.3%+3.0pp

Annual return

100.60%

166.87%-66.3pp

134.51%-33.9pp

373.99%-273.4pp

Employer contribution / active EE

$43,083

$5,478+686.5%

$4,821+793.6%

$4,755+806.0%

Participant deferral / active EE

$6,522-100.0%

$5,683-100.0%

$6,713-100.0%

Admin fee / account holder

$142,989

$16,167+784.5%

$13,222+981.4%

$11,410+1153.2%

X-RAY ASSOCIATES OF PORT HURON, PC EMPLOYEES PROFIT SHARING TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

X-RAY ASSOCIATES OF PORT HURON, PC EMPLOYEES PROFIT SHARING 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