Retirement plan

LEXINGTON VETERINARY ASSOCIATES, P.A. RETIREMENT SAVINGS PLAN

Name: LEXINGTON VETERINARY ASSOCIATES, P.A. - LEXINGTON VETERINARY ASSOCIATES, P.A. RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: LEXINGTON VETERINARY ASSOCIATES, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LEXINGTON VETERINARY ASSOCIATES, P.A. RETIREMENT SAVINGS PLAN, LEXINGTON VETERINARY ASSOCIATES, P.A.

LEXINGTON VETERINARY ASSOCIATES, P.A.EIN 56-1332952Plan #001PY 2023

300 E. US HIGHWAY 64 - LEXINGTON, NC 27292336-249-3991LinkedIn11-50 employeesveterinary

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$4.8M

+27.6% from 2022

Total participants

+13.0% from 2022

Average account balance

$97,745

-16.7% from 2022

Annual return

19.88%

+38.51 pp from 2022

Benchmarks

See 28,714 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,714 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.65M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

89.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$332K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5109

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 codes2H2T3D2J

Plan features

2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$0 / participant

Other / not subdivided$8100.0%

% of EOY assets

0.000%

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

$97,745

$93,589+4.4%

$135,942-28.1%

$75,181+30.0%

Participation rate

93.2%

75.2%+18.0pp

81.9%+11.3pp

67.2%+26.0pp

Annual return

19.88%

30.90%-11.0pp

68.28%-48.4pp

160.69%-140.8pp

Employer contribution / active EE

$2,543

$3,537-28.1%

$4,858-47.6%

$2,671-4.8%

Participant deferral / active EE

$4,006

$6,405-37.5%

$7,759-48.4%

$4,126-2.9%

Admin fee / account holder

$6,977-100.0%

$10,764-100.0%

$5,650-100.0%

LEXINGTON VETERINARY ASSOCIATES, P.A. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LEXINGTON VETERINARY ASSOCIATES, P.A. RETIREMENT SAVINGS 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