Retirement plan

VIRGINIA CANCER SPECIALISTS, P.C. PROFIT SHARING PLAN

Name: VIRGINIA CANCER SPECIALISTS, P.C. - VIRGINIA CANCER SPECIALISTS, P.C. PROFIT SHARING PLAN (2024) Form 5500
Creator: VIRGINIA CANCER SPECIALISTS, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VIRGINIA CANCER SPECIALISTS, P.C. PROFIT SHARING PLAN, VIRGINIA CANCER SPECIALISTS, P.C.

VIRGINIA CANCER SPECIALISTS, P.C.EIN 54-1795091Plan #002PY 2024

3040 WILLIAMS DR., STE 100 - FAIRFAX, VA 22031703-208-4050virginiacancerspecialists.comLinkedIn201-500 employeeshospital & health care

Other plans on this EIN

1 filing

#003Retirement-$21.6M assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$14.4M

+37.9% from 2023

Total participants

479

+13.0% from 2023

Average account balance

$34,520

+16.2% from 2023

Annual return

10.06%

-3.97 pp from 2023

Benchmarks

See 4,131 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,131 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.43M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

418

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.

82.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.39M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+10.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$130

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 LLC3 years Service code 13 · EIN 11-3665754	Contract Administrator	$37,046
MERRILL LYNCH PIERCE FENNER & SMITH3 years Filed as: MERRILL LYNCH RETIREMENT & BENEFIT Service code 17 · EIN 13-5674085	Pension Consulting	$18,593
MAXUS PLAN SOLUTIONS3 years Filed as: MAXUS PLAN SOLUTIONS INC. Service code 14 15720 BRISHAM HILL · CHARLOTTE, NC 28277	Plan Administrator	$1,325

Plan features & details

Pension benefit codes2A2E2F2G3D

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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$54K

$160 / participant

Contract admin$54K100.0%

% of EOY assets

0.378%

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: MELTON & MELTON, L.L.P.
Auditor EIN: 741550819
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,520

$50,812-32.1%

$155,602-77.8%

$77,692-55.6%

Participation rate

82.1%

63.1%+18.9pp

78.2%+3.9pp

70.6%+11.5pp

Annual return

10.06%

34.85%-24.8pp

64.81%-54.8pp

31.25%-21.2pp

Employer contribution / active EE

$9,958

$1,989+400.7%

$4,675+113.0%

$2,726+265.3%

Participant deferral / active EE

$2,822-100.0%

$5,629-100.0%

$4,648-100.0%

Admin fee / account holder

$130

$436-70.1%

$15,923-99.2%

$431-69.7%

Provider

Service type

Compensation

ASCENSUS LLC3 years

Service code 13 · EIN 11-3665754

Contract Administrator

$37,046

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Filed as: MERRILL LYNCH RETIREMENT & BENEFIT

Service code 17 · EIN 13-5674085

Pension Consulting

$18,593

MAXUS PLAN SOLUTIONS3 years

Filed as: MAXUS PLAN SOLUTIONS INC.

Service code 14

15720 BRISHAM HILL · CHARLOTTE, NC 28277

Plan Administrator

$1,325

VIRGINIA CANCER SPECIALISTS, P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VIRGINIA CANCER SPECIALISTS, P.C. 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