Retirement plan

LEHIGH VALLEY IMAGING LLC 401(K) PROFIT SHARING PLAN

Name: LEHIGH VALLEY IMAGING, LLC - LEHIGH VALLEY IMAGING LLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: LEHIGH VALLEY IMAGING, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEHIGH VALLEY IMAGING LLC 401(K) PROFIT SHARING PLAN, LEHIGH VALLEY IMAGING, LLC

LEHIGH VALLEY IMAGING, LLCEIN 46-4551937Plan #001PY 2022

1247 S. CEDAR CREST BLVD SUITE 105 - ALLENTOWN, PA 18103610-402-2022LinkedIn51-200 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$10.4M

-12.2% from 2021

Total participants

189

+7.4% from 2021

Average account balance

$60,950

-18.3% from 2021

Annual return

-17.86%

-31.57 pp from 2021

Benchmarks

See 5,350 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,350 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.58M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

177

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.

88.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+15.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$411

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 1 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY7 years Service code 15 · EIN 01-0233346 RETIREMENT PLAN SERVICES, ET9 · BUFFALO, NY 14201	Recordkeeping	$24

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

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

$56K

$382 / participant

Other / not subdivided$56K100.0%

% of EOY assets

0.539%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BUCKNO LISICKY & COMPANY
Auditor EIN: 232426656
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,950

$65,083-6.4%

$143,788-57.6%

$66,930-8.9%

Participation rate

87.8%

65.2%+22.6pp

80.3%+7.4pp

69.8%+17.9pp

Annual return

-17.86%

-11.13%-6.7pp

-0.03%-17.8pp

1.57%-19.4pp

Employer contribution / active EE

$2,803

$2,361+18.7%

$4,952-43.4%

$2,545+10.2%

Participant deferral / active EE

$3,569

$2,920+22.2%

$5,638-36.7%

$4,238-15.8%

Admin fee / account holder

$328

$502-34.6%

$14,675-97.8%

$593-44.7%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY7 years

Service code 15 · EIN 01-0233346

RETIREMENT PLAN SERVICES, ET9 · BUFFALO, NY 14201

Recordkeeping

$24

LEHIGH VALLEY IMAGING LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEHIGH VALLEY IMAGING LLC 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