Retirement plan

INDEPENDENT PHYSICIANS 401(K) PROFIT SHARING PLAN & TRUST

Name: INDEPENDENT PHYSICIANS RESOURCE, INC. - INDEPENDENT PHYSICIANS 401(K) PROFIT SHARING PLAN & TRUST (2020) Form 5500
Creator: INDEPENDENT PHYSICIANS RESOURCE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDEPENDENT PHYSICIANS 401(K) PROFIT SHARING PLAN & TRUST, INDEPENDENT PHYSICIANS RESOURCE, INC.

INDEPENDENT PHYSICIANS RESOURCE, INC.EIN 58-2287138Plan #001PY 2020

5665 NEW NORTHSIDE DRIVE, SUITE 320 - ATLANTA, GA 30328770-874-5494LinkedIn1-10 employees

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed July 22, 2025

Plan administrator

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5665 New Northside Drive Suite 200

Atlanta, GA 30328

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Plans declared (1)

2618P22 emp

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Total assets (EOY)

$50.3M

+25.2% from 2019

Total participants

1,052

-20.7% from 2019

Average account balance

$64,356

+21.2% from 2019

Annual return

18.89%

-4.80 pp from 2019

Benchmarks

See 2,819 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,819 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$84.39M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

1,150

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.

59.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.36M

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

+19.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$228

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.2 years Service code 15 · EIN 27-2037969	Recordkeeping	$94,289
CLEARVIEW GROUP3 years Filed as: CLEARVIEW ADVISORY Service code 27 1438 WEST PEACHTREE ST · ATLANTA, GA 30309	Advisory (Plan)	$45,000
PNC BANK, N.A.4 years Service code 25 · EIN 22-1146430	Directed Trustee	$12,500

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$152K

$155 / participant

Investment mgmt$45K29.6%
Contract admin$94K62.1%
Other / not subdivided$13K8.2%

% of EOY assets

0.302%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WINDHAM BRANNON LLC
Auditor EIN: 581763439
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,356

$100,801-36.2%

$149,730-57.0%

$73,412-12.3%

Participation rate

72.4%

77.7%-5.2pp

82.5%-10.0pp

72.2%+0.3pp

Annual return

18.89%

265.34%-246.4pp

276.70%-257.8pp

59.30%-40.4pp

Employer contribution / active EE

$2,307

$3,312-30.3%

$4,645-50.3%

$2,234+3.3%

Participant deferral / active EE

$4,032

$6,404-37.0%

$6,843-41.1%

$3,806+6.0%

Admin fee / account holder

$194

$181+7.4%

$9,310-97.9%

$158+22.9%

Provider

Service type

Compensation

NEWPORT GROUP, INC.2 years

Service code 15 · EIN 27-2037969

Recordkeeping

$94,289

CLEARVIEW GROUP3 years

Filed as: CLEARVIEW ADVISORY

Service code 27

1438 WEST PEACHTREE ST · ATLANTA, GA 30309

Advisory (Plan)

$45,000

PNC BANK, N.A.4 years

Service code 25 · EIN 22-1146430

Directed Trustee

$12,500

INDEPENDENT PHYSICIANS 401(K) PROFIT SHARING PLAN & TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDEPENDENT PHYSICIANS 401(K) PROFIT SHARING PLAN & TRUST

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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