Retirement plan

THE PAIN ASSOCIATES 401(K) PLAN

Name: COMMONWEALTH PAIN ASSOCIATES, PLLC - THE PAIN ASSOCIATES 401(K) PLAN (2024) Form 5500
Creator: COMMONWEALTH PAIN ASSOCIATES, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE PAIN ASSOCIATES 401(K) PLAN, COMMONWEALTH PAIN ASSOCIATES, PLLC

COMMONWEALTH PAIN ASSOCIATES, PLLCEIN 46-1507241Plan #001PY 2024

120 EXECUTIVE PARK - LOUISVILLE, KY 40207502-614-6132LinkedIn1-10 employees

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$17.5M

+73.4% from 2023

Total participants

589

+36.7% from 2023

Average account balance

$40,031

+1.0% from 2023

Annual return

54.58%

+34.63 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.45M

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

436

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.

68.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+54.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$131

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY6 years Service code 26 · EIN 71-0294708	Advisory (Participants)	$27,506
ASCENSUS LLC4 years Filed as: RETIREMENT MANAGEMENT SERVICES, LLC Service code 49 · EIN 31-1560462	Other Services	$6,191
MORNINGSTAR4 years Service code 27	Advisory (Plan)	$2,106

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$57K

$117 / participant

Recordkeeping$57K100.0%

% of EOY assets

0.327%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DEMING, MALONE, LIVESAY & OSTROFF
Auditor EIN: 611064249
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,031

$50,902-21.4%

$155,534-74.3%

$77,736-48.5%

Participation rate

68.8%

63.1%+5.7pp

78.2%-9.4pp

70.6%-1.8pp

Annual return

54.58%

34.85%+19.7pp

64.92%-10.3pp

31.26%+23.3pp

Employer contribution / active EE

$1,895

$1,991-4.9%

$4,675-59.5%

$2,728-30.5%

Participant deferral / active EE

$3,176

$2,824+12.5%

$5,630-43.6%

$4,651-31.7%

Admin fee / account holder

$131

$437-70.0%

$15,900-99.2%

$433-69.8%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY6 years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$27,506

ASCENSUS LLC4 years

Filed as: RETIREMENT MANAGEMENT SERVICES, LLC

Service code 49 · EIN 31-1560462

Other Services

$6,191

MORNINGSTAR4 years

Service code 27

Advisory (Plan)

$2,106

THE PAIN ASSOCIATES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE PAIN ASSOCIATES 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