Retirement plan

THE ANDERSON CLINIC LLC 401(K) PROFIT SHARING PLAN

Name: THE ANDERSON CLINIC, LLC - THE ANDERSON CLINIC LLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: THE ANDERSON CLINIC, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE ANDERSON CLINIC LLC 401(K) PROFIT SHARING PLAN, THE ANDERSON CLINIC, LLC

THE ANDERSON CLINIC, LLCEIN 54-0885758Plan #002PY 2024

2800 SHIRLINGTON ROAD SUITE 1100 - ARLINGTON, VA 22206703-892-6500

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$30.9M

+20.5% from 2023

Total participants

216

+71.4% from 2023

Average account balance

$195,719

-3.9% from 2023

Annual return

17.07%

-2.42 pp from 2023

Benchmarks

See 6,026 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,026 peers

Snapshot2024

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$30.92M

Not enough data

1 years with asset history on file

Average account balance

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

$196K

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.

158

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.

68.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.56M

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

+17.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
NATIONWIDE1 year Service code 15 · EIN 04-3157927 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$2,199
POLLARD & ASSOCIATES, INC.1 year Filed as: POLLARD & ASSOCIATES Service code 37 · EIN 52-0909772 ONE NORTH PARK DRIVE · HUNT VALLEY, MD 21030	Loan Processing	$2,100
TIMOTHY DANEHOWER1 year Service code 16 · EIN 57-9725874 4327 MAJESTIC LN · FAIRFAX, VA 22033	Consulting	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3D3H

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.
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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$2K

$12 / participant

Contract admin$2K100.0%

% of EOY assets

0.007%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: UHY, LLP
Auditor EIN: 200694403
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$195,719

$55,415+253.2%

$155,509+25.9%

$74,495+162.7%

Participation rate

68.0%

61.9%+6.1pp

78.2%-10.2pp

67.2%+0.8pp

Annual return

17.07%

268.50%-251.4pp

64.67%-47.6pp

1364.94%-1347.9pp

Employer contribution / active EE

$4,338

$2,267+91.4%

$4,672-7.2%

$2,623+65.4%

Participant deferral / active EE

$4,270

$2,836+50.6%

$5,626-24.1%

$4,346-1.7%

Admin fee / account holder

$14

$1,738-99.2%

$15,912-99.9%

$1,942-99.3%

Provider

Service type

Compensation

NATIONWIDE1 year

Service code 15 · EIN 04-3157927

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$2,199

POLLARD & ASSOCIATES, INC.1 year

Filed as: POLLARD & ASSOCIATES

Service code 37 · EIN 52-0909772

ONE NORTH PARK DRIVE · HUNT VALLEY, MD 21030

Loan Processing

$2,100

TIMOTHY DANEHOWER1 year

Service code 16 · EIN 57-9725874

4327 MAJESTIC LN · FAIRFAX, VA 22033

Consulting

THE ANDERSON CLINIC LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ANDERSON CLINIC LLC 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