Retirement plan

FAIRWAY FAMILY MEDICINE-PRIMARY CARE PLLC 401K PLAN

Name: FAIRWAY FAMILY MEDICINE-PRIMARY CARE PLLC - FAIRWAY FAMILY MEDICINE-PRIMARY CARE PLLC 401K PLAN (2024) Form 5500
Creator: FAIRWAY FAMILY MEDICINE-PRIMARY CARE PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAIRWAY FAMILY MEDICINE-PRIMARY CARE PLLC 401K PLAN, FAIRWAY FAMILY MEDICINE-PRIMARY CARE PLLC

FAIRWAY FAMILY MEDICINE-PRIMARY CARE PLLCEIN 45-4096382Plan #001PY 2024

4100 FAIRWAY DR., STE. 320 - CARROLLTON, TX 75010972-236-7608LinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$2.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$472K

+7.3% from 2023

Total participants

-10.0% from 2023

Average account balance

$52,463

+19.2% from 2023

Annual return

10.38%

-0.64 pp from 2023

Benchmarks

See 109,210 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,210 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$472K

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

450.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$64K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$32K

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

+10.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8695

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 codes2E2J3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$78K

$39127 / participant

Other / not subdivided$78K100.0%

% of EOY assets

16.573%

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

$52,463

$183,539-71.4%

$155,556-66.3%

$145,897-64.0%

Participation rate

100.0%

82.7%+17.3pp

78.2%+21.8pp

80.3%+19.7pp

Annual return

10.38%

61.31%-50.9pp

64.84%-54.5pp

552.29%-541.9pp

Employer contribution / active EE

$5,247

$5,315-1.3%

$4,675+12.2%

$4,663+12.5%

Participant deferral / active EE

$26,750

$6,467+313.6%

$5,631+375.1%

$6,689+299.9%

Admin fee / account holder

$8,695

$19,275-54.9%

$15,885-45.3%

$13,390-35.1%

FAIRWAY FAMILY MEDICINE-PRIMARY CARE PLLC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAIRWAY FAMILY MEDICINE-PRIMARY CARE PLLC 401K 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