Retirement plan

COUNTRYSIDE FAMILY PRACTICE EMPLOYEE RETIREMENT PLAN

Name: FAUQUIER PHYSICIAN MANAGEMENT SERVICES, INC. D/B/A COUNTRYSIDE FAMILY - COUNTRYSIDE FAMILY PRACTICE EMPLOYEE RETIREMENT PLAN (2023) Form 5500
Creator: FAUQUIER PHYSICIAN MANAGEMENT SERVICES, INC. D/B/A COUNTRYSIDE FAMILY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COUNTRYSIDE FAMILY PRACTICE EMPLOYEE RETIREMENT PLAN, FAUQUIER PHYSICIAN MANAGEMENT SERVICES, INC. D/B/A COUNTRYSIDE FAMILY

FAUQUIER PHYSICIAN MANAGEMENT SERVICES, INC. D/B/A COUNTRYSIDE FAMILYEIN 54-1691172Plan #003PY 2023

8255 EAST MAIN STREET - MARSHALL, VA 20115540-364-1581

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.4M

+19.1% from 2022

Total participants

-5.3% from 2022

Average account balance

$187,077

+25.7% from 2022

Annual return

16.10%

+30.61 pp from 2022

Benchmarks

See 107,994 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,994 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.18M

Not enough data

1 years with asset history on file

Average account balance

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

$246K

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.

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.

170.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$179K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+12.19%

Not enough data

1 years with return on file

Admin fee / account holder

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

$24595

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T

Plan features

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.
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.

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

$6226 / participant

Other / not subdivided$56K100.0%

% of EOY assets

1.664%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$187,077

$175,231+6.8%

$149,696+25.0%

$139,466+34.1%

Participation rate

100.0%

83.4%+16.6pp

78.8%+21.2pp

80.3%+19.7pp

Annual return

16.10%

166.77%-150.7pp

134.46%-118.4pp

373.66%-357.6pp

Employer contribution / active EE

$6,273

$5,478+14.5%

$4,821+30.1%

$4,754+32.0%

Participant deferral / active EE

$9,454

$6,521+45.0%

$5,682+66.4%

$6,712+40.9%

Admin fee / account holder

$3,113

$16,155-80.7%

$13,212-76.4%

$11,409-72.7%

COUNTRYSIDE FAMILY PRACTICE EMPLOYEE RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COUNTRYSIDE FAMILY PRACTICE EMPLOYEE RETIREMENT 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