Retirement plan

PORTAGE PHYSICIANS, P.C. PROFIT SHARING 401(K) PLAN

Name: PORTAGE PHYSICIANS, P.C. - PORTAGE PHYSICIANS, P.C. PROFIT SHARING 401(K) PLAN (2018) Form 5500
Creator: PORTAGE PHYSICIANS, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PORTAGE PHYSICIANS, P.C. PROFIT SHARING 401(K) PLAN, PORTAGE PHYSICIANS, P.C.

PORTAGE PHYSICIANS, P.C.EIN 38-3193336Plan #001PY 2018

7901 ANGLING ROAD, SUITE 201-B - PORTAGE, MI 49024269-324-8483LinkedIn51-200 employeesmedical practice

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$27.3M

-1.7% from 2017

Total participants

+4.5% from 2017

Average account balance

$401,813

-9.0% from 2017

Annual return

-6.40%

-21.61 pp from 2017

Benchmarks

See 18,164 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,164 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$40.46M

Not enough data

1 years with asset history on file

Average account balance

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

$482K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$33K

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

+13.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$34040

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 codes2E2F2G2J2R3D

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.
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

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$3K

$48 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.011%

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

$401,813

$75,962+429.0%

$154,111+160.7%

$64,173+526.1%

Participation rate

98.4%

70.4%+28.0pp

83.0%+15.4pp

69.6%+28.9pp

Annual return

-6.40%

30.32%-36.7pp

735.18%-741.6pp

7.63%-14.0pp

Employer contribution / active EE

$9,354

$3,350+179.2%

$5,298+76.6%

$2,381+292.9%

Participant deferral / active EE

$10,916

$3,175+243.9%

$5,081+114.9%

$3,470+214.6%

Admin fee / account holder

$45

$5,589-99.2%

$13,411-99.7%

$4,887-99.1%

PORTAGE PHYSICIANS, P.C. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PORTAGE PHYSICIANS, P.C. PROFIT SHARING 401(K) 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