Retirement plan

PULMONARY ASSOCIATES OF RICHMOND, INC. PROFIT SHARING PLAN

Name: PULMONARY ASSOCIATES OF RICHMOND, INC. - PULMONARY ASSOCIATES OF RICHMOND, INC. PROFIT SHARING PLAN (2017) Form 5500
Creator: PULMONARY ASSOCIATES OF RICHMOND, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PULMONARY ASSOCIATES OF RICHMOND, INC. PROFIT SHARING PLAN, PULMONARY ASSOCIATES OF RICHMOND, INC.

PULMONARY ASSOCIATES OF RICHMOND, INC.EIN 54-0965764Plan #002PY 2017

1000 BOULDERS PARKWAY, SUITE 102 - RICHMOND, VA 23225804-282-1366paraccess.comLinkedIn201-500 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$51.2M

+13.4% from 2016

Total participants

245

+4.7% from 2016

Average account balance

$211,680

+5.0% from 2016

Annual return

16.69%

+7.84 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$51.21M

Not enough data

1 years with asset history on file

Average account balance

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

$163K

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.

314

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.

98.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.07M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+11.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$196

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 6 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.3+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$86,564
SENTINEL WEALTH MANAGEMENT INC.3+ years Filed as: SENTINEL WEALTH MANAGEMENT INC Service code 26 · EIN 22-3860643	Advisory (Participants)	$40,186
SIGNATURE ESTATE & INVESTMENT3+ years Filed as: SIGNATURE INVESTMENT ADVISORS Service code 26 · EIN 45-3791510	Advisory (Participants)	$22,823
THE COLONY GROUP LLC3+ years Service code 26 · EIN 90-0751149	Advisory (Participants)	$20,566
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB & CO., INC Service code 33 · EIN 94-1737782	Direct payment from the plan; Other i...	$1,501
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB & CO AND AFFILIATES Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3D

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.

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

$173K

$845 / participant

Investment mgmt$87K50.1%
Other / not subdivided$87K49.9%

% of EOY assets

0.338%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CHERRY BEKAERT LLP
Auditor EIN: 560574444
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$211,680

$55,453+281.7%

$170,435+24.2%

$62,293+239.8%

Participation rate

98.5%

66.4%+32.2pp

83.6%+14.9pp

69.5%+29.0pp

Annual return

16.69%

21.38%-4.7pp

205.94%-189.2pp

28.90%-12.2pp

Employer contribution / active EE

$8,439

$2,164+290.0%

$5,432+55.3%

$2,042+313.2%

Participant deferral / active EE

$5,301

$2,303+130.2%

$4,939+7.3%

$3,169+67.3%

Admin fee / account holder

$716

$455+57.4%

$13,881-94.8%

$479+49.4%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.3+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$86,564

SENTINEL WEALTH MANAGEMENT INC.3+ years

Filed as: SENTINEL WEALTH MANAGEMENT INC

Service code 26 · EIN 22-3860643

Advisory (Participants)

$40,186

SIGNATURE ESTATE & INVESTMENT3+ years

Filed as: SIGNATURE INVESTMENT ADVISORS

Service code 26 · EIN 45-3791510

Advisory (Participants)

$22,823

THE COLONY GROUP LLC3+ years

Service code 26 · EIN 90-0751149

Advisory (Participants)

$20,566

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB & CO., INC

Service code 33 · EIN 94-1737782

Direct payment from the plan; Other i...

$1,501

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB & CO AND AFFILIATES

Service code 59

Shareholder Servicing

PULMONARY ASSOCIATES OF RICHMOND, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PULMONARY ASSOCIATES OF RICHMOND, INC. 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