Retirement plan

FIRST PEDIATRICS MEDICAL GROUP, INC. , 401(K) PLAN

Name: FIRST PEDIATRICS MEDICAL GROUP, INC. - FIRST PEDIATRICS MEDICAL GROUP, INC. , 401(K) PLAN (2023) Form 5500
Creator: FIRST PEDIATRICS MEDICAL GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FIRST PEDIATRICS MEDICAL GROUP, INC. , 401(K) PLAN, FIRST PEDIATRICS MEDICAL GROUP, INC.

FIRST PEDIATRICS MEDICAL GROUP, INC.EIN 46-0746284Plan #001PY 2023

7413 N. CEDAR AVENUE, SUITE 103, STE. 106 - FRESNO, CA 93720559-435-1500firstpeds.comLinkedIn1-10 employeesmedical practice

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$690K

+24.6% from 2022

Total participants

+16.7% from 2022

Average account balance

$68,966

+24.6% from 2022

Annual return

14.95%

+31.67 pp from 2022

Benchmarks

See 107,994 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,994 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$747K

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

250.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$819

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

+10.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1823

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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$6K

$704 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.919%

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

$68,966

$175,231-60.6%

$149,696-53.9%

$139,466-50.6%

Participation rate

55.6%

83.4%-27.8pp

78.8%-23.2pp

80.3%-24.8pp

Annual return

14.95%

166.77%-151.8pp

134.46%-119.5pp

373.66%-358.7pp

Employer contribution / active EE

$1,691

$5,478-69.1%

$4,821-64.9%

$4,754-64.4%

Participant deferral / active EE

$4,833

$6,521-25.9%

$5,682-14.9%

$6,712-28.0%

Admin fee / account holder

$634

$16,155-96.1%

$13,212-95.2%

$11,409-94.4%

FIRST PEDIATRICS MEDICAL GROUP, INC. , 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FIRST PEDIATRICS MEDICAL GROUP, INC. , 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