Retirement plan

WMC PHYSICIANS PRACTICES, LLC 401(K) PLAN

Name: WCM PHYSICIANS PRACTICES, LLC - WMC PHYSICIANS PRACTICES, LLC 401(K) PLAN (2024) Form 5500
Creator: WCM PHYSICIANS PRACTICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WMC PHYSICIANS PRACTICES, LLC 401(K) PLAN, WCM PHYSICIANS PRACTICES, LLC

WCM PHYSICIANS PRACTICES, LLCEIN 46-1883875Plan #001PY 2024

651 COLLIERS WAY - WEIRTON, WV 26062304-797-6438

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed November 20, 2013

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$25.4M

+21.5% from 2023

Total participants

415

+3.5% from 2023

Average account balance

$64,440

+15.0% from 2023

Annual return

14.82%

-3.58 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

$25.39M

Not enough data

1 years with asset history on file

Average account balance

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

$64K

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.

394

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.55M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$181

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY3 years Service code 64 · EIN 71-0294708	Recordkeeping Fees	$71,409
CARNEGIE INVESTMENT COUNSEL4 years Filed as: CARNEGIE INVESTMENT COUNCEL Service code 99 · EIN 26-4766975	Other Fees	$47,607

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$71K

$241 / participant

Contract admin$70K98.4%
Other / not subdivided$1K1.6%

% of EOY assets

0.281%

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: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,440

$50,919+26.6%

$155,556-58.6%

$77,762-17.1%

Participation rate

92.9%

63.1%+29.8pp

78.2%+14.7pp

70.6%+22.3pp

Annual return

14.82%

34.84%-20.0pp

64.84%-50.0pp

31.27%-16.4pp

Employer contribution / active EE

$2,140

$1,991+7.4%

$4,675-54.2%

$2,728-21.6%

Participant deferral / active EE

$6,479

$2,824+129.4%

$5,631+15.1%

$4,651+39.3%

Admin fee / account holder

$181

$437-58.5%

$15,885-98.9%

$433-58.1%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY3 years

Service code 64 · EIN 71-0294708

Recordkeeping Fees

$71,409

CARNEGIE INVESTMENT COUNSEL4 years

Filed as: CARNEGIE INVESTMENT COUNCEL

Service code 99 · EIN 26-4766975

Other Fees

$47,607

WMC PHYSICIANS PRACTICES, LLC 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WMC PHYSICIANS PRACTICES, LLC 401(K) PLAN

Top hat statement on fileNQDC

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