Retirement plan

AXES PT RETIREMENT PLAN

Name: AXES PHYSICAL THERAPY - AXES PT RETIREMENT PLAN (2024) Form 5500
Creator: AXES PHYSICAL THERAPY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AXES PT RETIREMENT PLAN, AXES PHYSICAL THERAPY

AXES PHYSICAL THERAPYEIN 47-5528571Plan #001PY 2024

647 SPIRIT AIRPARK WEST DRIVE, SUITE 101 - CHESTERFIELD, MO 63005573-631-8079axespt.comLinkedIn51-200 employeeshealth, wellness and fitness

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$6M

+39.9% from 2023

Total participants

251

+14.1% from 2023

Average account balance

$39,607

+24.1% from 2023

Annual return

18.85%

-11.74 pp from 2023

Benchmarks

See 5,993 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,993 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.98M

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.

151

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.

56.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.10M

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

+18.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$239

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 4 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.3 years Filed as: WELLS FARGO CLEARING SERVICES, LLC Service code 99 · EIN 34-1542819	Other Fees	$9,018
BENEFIT PLANS ADMIN SERVICES, INC.3 years Filed as: BENEFIT PLANS PLUS LLC Service code 49	Other Services	$2,262
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 02-0488491	Advisory (Participants)	$1,980
MORNINGSTAR3 years Filed as: MORINGSTAR Service code 27	Advisory (Plan)	$748

Plan features & details

Pension benefit codes2F2G2J3D3B3H

Plan features

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$36K

$156 / participant

Investment mgmt$2K5.5%
Contract admin$34K94.2%
Other / not subdivided$1000.3%

% of EOY assets

0.603%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WOLFF & TAYLOR, P.C.
Auditor EIN: 431305868
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,607

$55,470-28.6%

$155,556-74.5%

$74,478-46.8%

Participation rate

56.9%

61.9%-5.0pp

78.2%-21.3pp

67.2%-10.3pp

Annual return

18.85%

269.80%-251.0pp

64.84%-46.0pp

1370.56%-1351.7pp

Employer contribution / active EE

$1,460

$2,267-35.6%

$4,675-68.8%

$2,626-44.4%

Participant deferral / active EE

$3,300

$2,838+16.3%

$5,631-41.4%

$4,350-24.1%

Admin fee / account holder

$239

$1,744-86.3%

$15,885-98.5%

$1,946-87.7%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.3 years

Filed as: WELLS FARGO CLEARING SERVICES, LLC

Service code 99 · EIN 34-1542819

Other Fees

$9,018

BENEFIT PLANS ADMIN SERVICES, INC.3 years

Filed as: BENEFIT PLANS PLUS LLC

Service code 49

Other Services

$2,262

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT ADVISORS, LLC

Service code 26 · EIN 02-0488491

Advisory (Participants)

$1,980

MORNINGSTAR3 years

Filed as: MORINGSTAR

Service code 27

Advisory (Plan)

$748

AXES PT RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AXES PT RETIREMENT 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