Retirement plan

CALVERT INTERNAL MEDICINE GROUP, P.A. 401(K) PROFIT SHARING PLAN

Name: CALVERT INTERNAL MEDICINE GROUP, P.A. - CALVERT INTERNAL MEDICINE GROUP, P.A. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: CALVERT INTERNAL MEDICINE GROUP, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CALVERT INTERNAL MEDICINE GROUP, P.A. 401(K) PROFIT SHARING PLAN, CALVERT INTERNAL MEDICINE GROUP, P.A.

CALVERT INTERNAL MEDICINE GROUP, P.A.EIN 52-1365400Plan #001PY 2023

985 PRINCE FREDERICK BLVD., STE 201 - PRINCE FREDERICK, MD 20678410-414-5316calvertmedicine.comLinkedIn51-200 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$35.7M

+19.4% from 2022

Total participants

173

+16.1% from 2022

Average account balance

$208,686

+4.0% from 2022

Annual return

19.59%

+37.61 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

$42.04M

Not enough data

1 years with asset history on file

Average account balance

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

$222K

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.

189

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+15.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$543

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 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.2 years Filed as: NEWPORT GROUP CONSULTING, LLC Service code 27 · EIN 27-3169253	Advisory (Plan)	$46,879
NEWPORT GROUP, INC.6 years Service code 14 · EIN 24-2037969	Plan Administrator	$23,583
NEWPORT GROUP, INC.6 years Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 42-1558009	Trustee (discretionary); Trustee (ban...	$7,282

Plan features & details

Pension benefit codes2A2E2F2G2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

$56K

$478 / participant

Recordkeeping$6K11.1%
Trustee / custodial$7K12.9%
Investment mgmt$43K75.3%
Contract admin$3600.6%

% of EOY assets

0.158%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MULLEN,SONDBERG,WIMBISH&STONE,P.A
Auditor EIN: 521197902
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$208,686

$61,356+240.1%

$149,696+39.4%

$71,511+191.8%

Participation rate

98.3%

62.5%+35.8pp

78.8%+19.5pp

67.9%+30.4pp

Annual return

19.59%

35.86%-16.3pp

134.46%-114.9pp

28.86%-9.3pp

Employer contribution / active EE

$7,078

$2,382+197.2%

$4,821+46.8%

$2,589+173.4%

Participant deferral / active EE

$6,593

$2,920+125.8%

$5,682+16.0%

$4,291+53.7%

Admin fee / account holder

$330

$1,263-73.9%

$13,212-97.5%

$1,588-79.2%

Provider

Service type

Compensation

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT GROUP CONSULTING, LLC

Service code 27 · EIN 27-3169253

Advisory (Plan)

$46,879

NEWPORT GROUP, INC.6 years

Service code 14 · EIN 24-2037969

Plan Administrator

$23,583

NEWPORT GROUP, INC.6 years

Filed as: NEWPORT TRUST COMPANY

Service code 20 · EIN 42-1558009

Trustee (discretionary); Trustee (ban...

$7,282

CALVERT INTERNAL MEDICINE GROUP, P.A. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CALVERT INTERNAL MEDICINE GROUP, P.A. 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