Retirement plan

PROVIDENCE ANESTHESIOLOGY ASSOCIATES, P.A. PROFIT SHARING 401(K) PLAN

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

PROVIDENCE ANESTHESIOLOGY ASSOCIATES P.A.EIN 56-1748928Plan #001PY 2024

3735 GLEN LAKE DRIVE, SUITE 250 - CHARLOTTE, NC 28208704-749-5800provanesthesiology.comLinkedIn201-500 employeeshospital & health care

Other plans on this EIN

1 filing

#004Retirement-$19.6M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$124.3M

+2.6% from 2023

Total participants

348

+22.5% from 2023

Average account balance

$372,297

-13.9% from 2023

Annual return

17.84%

-1.67 pp from 2023

Benchmarks

See 4,134 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,134 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$124.35M

Not enough data

1 years with asset history on file

Average account balance

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

$372K

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.

334

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.

94.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.74M

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

+17.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$232

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 5 by compensation

Provider	Service type	Compensation
FISHER INVESTMENTS8 years Service code 26 · EIN 20-2480800	Advisory (Participants)	$30,080
LARSON FINANCIAL GROUP LLC5 years Service code 26 · EIN 20-4773945	Advisory (Participants)	$23,811
ASPIRIANT LLC1 year Service code 26 · EIN 26-1518255	Advisory (Participants)	$17,684
CHARLES SCHWAB & CO., INC.8 years Service code 33 · EIN 94-1737782	Direct payment from the plan; Float r...	$3,153
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D3H

Plan features

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$77K

$290 / participant

Recordkeeping$1K1.5%
Investment mgmt$76K98.5%

% of EOY assets

0.062%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$372,297

$50,820+632.6%

$155,567+139.3%

$77,671+379.3%

Participation rate

94.8%

63.1%+31.6pp

78.2%+16.6pp

70.6%+24.2pp

Annual return

17.84%

34.85%-17.0pp

64.74%-46.9pp

31.21%-13.4pp

Employer contribution / active EE

$21,034

$1,993+955.5%

$4,674+350.0%

$2,726+671.5%

Participant deferral / active EE

$15,459

$2,823+447.6%

$5,628+174.7%

$4,648+232.6%

Admin fee / account holder

$232

$436-46.8%

$15,916-98.5%

$430-46.2%

Provider

Service type

Compensation

FISHER INVESTMENTS8 years

Service code 26 · EIN 20-2480800

Advisory (Participants)

$30,080

LARSON FINANCIAL GROUP LLC5 years

Service code 26 · EIN 20-4773945

Advisory (Participants)

$23,811

ASPIRIANT LLC1 year

Service code 26 · EIN 26-1518255

Advisory (Participants)

$17,684

CHARLES SCHWAB & CO., INC.8 years

Service code 33 · EIN 94-1737782

Direct payment from the plan; Float r...

$3,153

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL

Service code 59

Shareholder Servicing

PROVIDENCE ANESTHESIOLOGY ASSOCIATES, P.A. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROVIDENCE ANESTHESIOLOGY ASSOCIATES, P.A. PROFIT SHARING 401(K) 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