Retirement plan

PULMONARY & CRITICAL CARE OF NW MICHIGAN, PC 401(K) PROFIT SHARING PLAN

Name: PULMONARY & CRITICAL - PULMONARY & CRITICAL CARE OF NW MICHIGAN, PC 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: PULMONARY & CRITICAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PULMONARY & CRITICAL CARE OF NW MICHIGAN, PC 401(K) PROFIT SHARING PLAN, PULMONARY & CRITICAL

PULMONARY & CRITICALEIN 38-3318986Plan #002PY 2021

5087 NORTH ROYAL DRIVE, SUITE B - TRAVERSE CITY, MI 49684231-935-0440pccnwmi.comLinkedIn11-50 employeesmedical practice

Prospect flagsHigh feesLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$9.8M

+8.3% from 2020

Total participants

+11.8% from 2020

Average account balance

$888,796

+67.4% from 2020

Annual return

14.02%

-0.79 pp from 2020

Benchmarks

See 103,184 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort103,184 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.84M

Not enough data

1 years with asset history on file

Average account balance

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

$1.3M

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.

128.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$382K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$55K

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

+14.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3497

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 codes2E2F2G2J2R2T3D

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.
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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$911K

$53581 / participant

Other / not subdivided$911K100.0%

% of EOY assets

9.317%

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

$888,796

$217,432+308.8%

$185,849+378.2%

$167,536+430.5%

Participation rate

52.9%

86.1%-33.1pp

81.7%-28.8pp

82.1%-29.2pp

Annual return

14.02%

148.42%-134.4pp

122.10%-108.1pp

478.82%-464.8pp

Employer contribution / active EE

$13,386

$5,875+127.9%

$5,169+159.0%

$4,839+176.6%

Participant deferral / active EE

$8,273

$6,357+30.1%

$5,569+48.6%

$6,342+30.5%

Admin fee / account holder

$82,806

$19,818+317.8%

$16,244+409.8%

$12,315+572.4%

PULMONARY & CRITICAL CARE OF NW MICHIGAN, PC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PULMONARY & CRITICAL CARE OF NW MICHIGAN, PC 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