Retirement plan

PALO ALTO FOUNDATION MEDICAL GROUP, INC. EMPLOYEES 401(K) PLAN

Name: PALO ALTO FOUNDATION MEDICAL GROUP, INC. - PALO ALTO FOUNDATION MEDICAL GROUP, INC. EMPLOYEES 401(K) PLAN (2020) Form 5500
Creator: PALO ALTO FOUNDATION MEDICAL GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PALO ALTO FOUNDATION MEDICAL GROUP, INC. EMPLOYEES 401(K) PLAN, PALO ALTO FOUNDATION MEDICAL GROUP, INC.

PALO ALTO FOUNDATION MEDICAL GROUP, INC.EIN 51-0656809Plan #002PY 2020

325 DISTEL CIRCLE - LOS ALTOS, CA 94022650-691-6151LinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

2 filings

#001Retirement-$1.57B assets #007Retirement-$157.8M assets

Prospect flagsLow participationHigh assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$185.5M

+12.4% from 2019

Total participants

789

+1.7% from 2019

Average account balance

$354,082

-1.3% from 2019

Annual return

19.27%

-14.51 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-94.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

See the 7-year trajectory. $4.99 for your first month.

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	$37,270
FINANCIAL ENGINES6+ years Service code 27 · EIN 77-0473565	Advisory (Plan)	$21,370
MILLER KAPLAN ARASE LLP5 years Service code 10 · EIN 95-2036255	Accounting	$11,300
BERLA INVESTMENT CONSULTING5 years Service code 27 · EIN 81-4884239	Advisory (Plan)	$6,750
ONEDIGITAL INVESTMENT ADVISORS LLC1 year Filed as: KRAVITZ LLC Service code 11 · EIN 82-3719843	Actuarial	$1,975
TRUCKER HUSS1 year Filed as: TRUCKER HUSS, APC Service code 29 · EIN 94-3216063	Legal	$1,380

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2T3F

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$77K

$145 / participant

Other / not subdivided$77K100.0%

% of EOY assets

0.042%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$354,082

$52,293+577.1%

$178,490+98.4%

$73,409+382.3%

Participation rate

50.5%

65.3%-14.9pp

81.9%-31.5pp

72.2%-21.7pp

Annual return

19.27%

34.75%-15.5pp

151.07%-131.8pp

59.29%-40.0pp

Employer contribution / active EE

$1,717

$1,735-1.0%

$5,011-65.7%

$2,234-23.1%

Participant deferral / active EE

$11,976

$2,332+413.5%

$5,202+130.2%

$3,805+214.7%

Admin fee / account holder

$148

$127+16.1%

$13,984-98.9%

$158-6.4%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

$37,270

FINANCIAL ENGINES6+ years

Service code 27 · EIN 77-0473565

Advisory (Plan)

$21,370

MILLER KAPLAN ARASE LLP5 years

Service code 10 · EIN 95-2036255

Accounting

$11,300

BERLA INVESTMENT CONSULTING5 years

Service code 27 · EIN 81-4884239

Advisory (Plan)

$6,750

ONEDIGITAL INVESTMENT ADVISORS LLC1 year

Filed as: KRAVITZ LLC

Service code 11 · EIN 82-3719843

Actuarial

$1,975

TRUCKER HUSS1 year

Filed as: TRUCKER HUSS, APC

Service code 29 · EIN 94-3216063

Legal

$1,380

PALO ALTO FOUNDATION MEDICAL GROUP, INC. EMPLOYEES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PALO ALTO FOUNDATION MEDICAL GROUP, INC. EMPLOYEES 401(K) 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