Retirement plan

FAIRFAX NEONATAL ASSOCIATES, P.C. 401(K) PROFIT SHARING PLAN

Name: FAIRFAX NEONATAL ASSOCIATES, P.C. - FAIRFAX NEONATAL ASSOCIATES, P.C. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: FAIRFAX NEONATAL ASSOCIATES, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAIRFAX NEONATAL ASSOCIATES, P.C. 401(K) PROFIT SHARING PLAN, FAIRFAX NEONATAL ASSOCIATES, P.C.

FAIRFAX NEONATAL ASSOCIATES, P.C.EIN 54-1110106Plan #001PY 2024

3060 WILLIAMS DRIVE, SUITE 520 - FAIRFAX, VA 22031703-289-1400fnanicu.comLinkedIn51-200 employeesmedical practice

Other plans on this EIN

1 filing

#003Retirement-$6.6M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$44.6M

-5.9% from 2023

Total participants

110

-4.3% from 2023

Average account balance

$409,042

-2.5% from 2023

Annual return

11.52%

-3.59 pp from 2023

Benchmarks

See 21,729 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,729 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$44.59M

Not enough data

1 years with asset history on file

Average account balance

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

$409K

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.

109

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.

98.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$36K

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

+11.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$268

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
ASCENSUS LLC2 years Filed as: FUTUREPLAN BY ASCENSUS Service code 13 200 DRYDEN RD · DRESHER, PA 19025	Contract Administrator	$20,856
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 · EIN 84-0467907	Recordkeeping Fees	$0
SUNTRUST BANKS, INC.1 year Filed as: TRUIST ADVISORY SERVICES INC Service code 27 303 PEACHTREE CENTER AVE STE 140 · ATLANTA, GA 30303	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

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.
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

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$29K

$417 / participant

Recordkeeping$29K100.0%

% of EOY assets

0.065%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RKL, LLP
Auditor EIN: 232108173
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$409,042

$81,276+403.3%

$155,574+162.9%

$80,925+405.5%

Participation rate

98.6%

66.2%+32.3pp

78.2%+20.4pp

67.7%+30.9pp

Annual return

11.52%

33.36%-21.8pp

64.87%-53.3pp

35.65%-24.1pp

Employer contribution / active EE

$19,220

$3,103+519.4%

$4,676+311.1%

$2,756+597.3%

Participant deferral / active EE

$16,443

$3,453+376.2%

$5,629+192.1%

$4,299+282.5%

Admin fee / account holder

$268

$7,993-96.7%

$15,914-98.3%

$6,940-96.1%

Provider

Service type

Compensation

ASCENSUS LLC2 years

Filed as: FUTUREPLAN BY ASCENSUS

Service code 13

200 DRYDEN RD · DRESHER, PA 19025

Contract Administrator

$20,856

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64 · EIN 84-0467907

Recordkeeping Fees

SUNTRUST BANKS, INC.1 year

Filed as: TRUIST ADVISORY SERVICES INC

Service code 27

303 PEACHTREE CENTER AVE STE 140 · ATLANTA, GA 30303

Advisory (Plan)

FAIRFAX NEONATAL ASSOCIATES, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAIRFAX NEONATAL ASSOCIATES, P.C. 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