Retirement plan

LAKEVIEW INTERNAL MEDICINE, PA PROFIT SHARING PLAN AND TRUST

Name: LAKEVIEW INTERNAL MEDICINE, PA - LAKEVIEW INTERNAL MEDICINE, PA PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: LAKEVIEW INTERNAL MEDICINE, PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAKEVIEW INTERNAL MEDICINE, PA PROFIT SHARING PLAN AND TRUST, LAKEVIEW INTERNAL MEDICINE, PA

LAKEVIEW INTERNAL MEDICINE, PAEIN 57-1091362Plan #001PY 2024

PO BOX 577 - SENECA, SC 29679864-985-1122lakeviewinternalmedicine.comLinkedIn1-10 employeesmedical practice

Prospect flagsLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$4.5M

+42.8% from 2023

Total participants

0.0% from 2023

Average account balance

$1,131,747

+42.8% from 2023

Annual return

40.61%

-4.63 pp from 2023

Benchmarks

See 109,389 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,389 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.53M

Not enough data

1 years with asset history on file

Average account balance

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

$1.1M

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.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$69K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+40.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2G2J2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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

$1,131,747

$183,592+516.4%

$155,574+627.5%

$145,877+675.8%

Participation rate

60.0%

82.7%-22.7pp

78.2%-18.2pp

80.3%-20.3pp

Annual return

40.61%

61.37%-20.8pp

64.87%-24.3pp

551.28%-510.7pp

Employer contribution / active EE

$1,159

$5,317-78.2%

$4,676-75.2%

$4,663-75.2%

Participant deferral / active EE

$12,554

$6,466+94.2%

$5,629+123.0%

$6,691+87.6%

Admin fee / account holder

$19,316-100.0%

$15,914-100.0%

$13,402-100.0%

LAKEVIEW INTERNAL MEDICINE, PA PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

LAKEVIEW INTERNAL MEDICINE, PA PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion