Retirement plan

PARK AVENUE ASSOCIATES IN INTERNAL MEDICINE PROFIT SHARING PLAN

Name: PARK AVENUE PRIVATE PRACTICE LLC - PARK AVENUE ASSOCIATES IN INTERNAL MEDICINE PROFIT SHARING PLAN (2018) Form 5500
Creator: PARK AVENUE PRIVATE PRACTICE LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARK AVENUE ASSOCIATES IN INTERNAL MEDICINE PROFIT SHARING PLAN, PARK AVENUE PRIVATE PRACTICE LLC

PARK AVENUE PRIVATE PRACTICE LLCEIN 47-4310426Plan #001PY 2018

767 PARK AVENUE WEST, #350 - HIGHLAND PARK, IL 60035847-433-5505LinkedIn11-50 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$882K

+3.8% from 2017

Total participants

-36.4% from 2017

Average account balance

$125,941

+63.1% from 2017

Annual return

-4.85%

-15.52 pp from 2017

Benchmarks

See 105,563 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,563 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.42M

Not enough data

1 years with asset history on file

Average account balance

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

$302K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$116K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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)

$2588

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

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

$20K

$2902 / participant

Other / not subdivided$20K100.0%

% of EOY assets

2.304%

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

$125,941

$180,466-30.2%

$154,114-18.3%

$135,382-7.0%

Participation rate

100.0%

87.4%+12.6pp

83.0%+17.0pp

82.6%+17.4pp

Annual return

-4.85%

888.15%-893.0pp

735.16%-740.0pp

519.77%-524.6pp

Employer contribution / active EE

$8,750

$6,035+45.0%

$5,298+65.2%

$4,779+83.1%

Participant deferral / active EE

$3,500

$5,806-39.7%

$5,081-31.1%

$5,609-37.6%

Admin fee / account holder

$2,902

$16,144-82.0%

$13,411-78.4%

$10,829-73.2%

PARK AVENUE ASSOCIATES IN INTERNAL MEDICINE PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARK AVENUE ASSOCIATES IN INTERNAL MEDICINE 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