Retirement plan

PROGRESSIVE SPINE AND SPORTS MEDICINE 401(K) PROFIT SHARING PLAN

Name: PROGRESSIVE SPINE AND SPORTS MEDICINE LLC - PROGRESSIVE SPINE AND SPORTS MEDICINE 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: PROGRESSIVE SPINE AND SPORTS MEDICINE LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROGRESSIVE SPINE AND SPORTS MEDICINE 401(K) PROFIT SHARING PLAN, PROGRESSIVE SPINE AND SPORTS MEDICINE LLC

PROGRESSIVE SPINE AND SPORTS MEDICINE LLCEIN 46-5699234Plan #001PY 2022

385 SOUTH MAPLE AVE STE 101 - GLEN ROCK, NJ 07452201-962-9199progressivespineandsports.comLinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$560K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$535K

-2.5% from 2021

Total participants

0.0% from 2021

Average account balance

$76,459

-2.5% from 2021

Annual return

-19.65%

-21.75 pp from 2021

Benchmarks

See 105,966 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,966 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$780K

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

140.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$67K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+8.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2992

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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$2K

$415 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.310%

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

$76,459

$167,352-54.3%

$143,788-46.8%

$134,509-43.2%

Participation rate

100.0%

84.8%+15.2pp

80.3%+19.7pp

81.2%+18.8pp

Annual return

-19.65%

0.47%-20.1pp

-0.03%-19.6pp

418.13%-437.8pp

Employer contribution / active EE

$10,432

$5,620+85.6%

$4,952+110.7%

$4,741+120.1%

Participant deferral / active EE

$13,133

$6,447+103.7%

$5,638+132.9%

$6,400+105.2%

Admin fee / account holder

$237

$18,091-98.7%

$14,675-98.4%

$11,427-97.9%

PROGRESSIVE SPINE AND SPORTS MEDICINE 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROGRESSIVE SPINE AND SPORTS MEDICINE 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