Retirement plan

PRO FLEX PHYSICAL THERAPY 401(K) PLAN

Name: SOUTHERN MARYLAND HOSPITAL, INC. - PRO FLEX PHYSICAL THERAPY 401(K) PLAN (2023) Form 5500
Creator: SOUTHERN MARYLAND HOSPITAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRO FLEX PHYSICAL THERAPY 401(K) PLAN, SOUTHERN MARYLAND HOSPITAL, INC.

SOUTHERN MARYLAND HOSPITAL, INC.EIN 52-1157796Plan #001PY 2023

44 CANAL CENTER PLAZA, SUITE 325 - ALEXANDRIA, VA 22314571-385-4242

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$15.3M

+13.0% from 2022

Total participants

249

-3.5% from 2022

Average account balance

$79,020

+16.5% from 2022

Annual return

19.33%

+37.76 pp from 2022

Benchmarks

See 5,708 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.48M

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

173

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.

45.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$246K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+16.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$123

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
R.L. COMPTON & ASSOCIATES, INC.2 years Filed as: R.L. COMPTON & ASSOCIATES INC Service code 13 403 ALLEGHENY AVENUE · TOWSON, MD 21204	Contract Administrator	$29,290
RBC WEALTH MANAGEMENT9+ years Service code 27 60 S 6TH ST COMMISSIONS · MINNEAPOLIS, MN 55402	Advisory (Plan)	$25,511
KIMBERLY C WALKER PC6 years Filed as: KIMBERLY F PALMISANO, CPA, PA Service code 10 P.O. BOX 164 · HUNT VALLEY, MD 21030	Accounting	$13,375
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$11,337

Plan features & details

Pension benefit codes2E2G2J2K2F2T3D3H

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.
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.
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.
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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$18K

$175 / participant

Recordkeeping$2K12.4%
Investment mgmt$16K87.6%

% of EOY assets

0.120%

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: KIMBERLY F PALMISANO CPA PA
Auditor EIN: 800892983
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,020

$61,356+28.8%

$149,696-47.2%

$71,511+10.5%

Participation rate

46.2%

62.5%-16.4pp

78.8%-32.6pp

67.9%-21.8pp

Annual return

19.33%

35.86%-16.5pp

134.46%-115.1pp

28.86%-9.5pp

Employer contribution / active EE

$567

$2,382-76.2%

$4,821-88.2%

$2,589-78.1%

Participant deferral / active EE

$2,075

$2,920-28.9%

$5,682-63.5%

$4,291-51.6%

Admin fee / account holder

$94

$1,263-92.5%

$13,212-99.3%

$1,588-94.1%

Provider

Service type

Compensation

R.L. COMPTON & ASSOCIATES, INC.2 years

Filed as: R.L. COMPTON & ASSOCIATES INC

Service code 13

403 ALLEGHENY AVENUE · TOWSON, MD 21204

Contract Administrator

$29,290

RBC WEALTH MANAGEMENT9+ years

Service code 27

60 S 6TH ST COMMISSIONS · MINNEAPOLIS, MN 55402

Advisory (Plan)

$25,511

KIMBERLY C WALKER PC6 years

Filed as: KIMBERLY F PALMISANO, CPA, PA

Service code 10

P.O. BOX 164 · HUNT VALLEY, MD 21030

Accounting

$13,375

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$11,337

PRO FLEX PHYSICAL THERAPY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRO FLEX PHYSICAL THERAPY 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