Retirement plan

X-RAY ASSOCIATES OF LOUISVILLE, PSC 401(K) PLAN

Name: X-RAY ASSOCIATES OF LOUISVILLE,PSC - X-RAY ASSOCIATES OF LOUISVILLE, PSC 401(K) PLAN (2023) Form 5500
Creator: X-RAY ASSOCIATES OF LOUISVILLE,PSC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, X-RAY ASSOCIATES OF LOUISVILLE, PSC 401(K) PLAN, X-RAY ASSOCIATES OF LOUISVILLE,PSC

X-RAY ASSOCIATES OF LOUISVILLE,PSCEIN 61-0981548Plan #002PY 2023

P.O. BOX 7159 - LOUISVILLE, KY 40257502-895-5405

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$20.4M

+23.1% from 2022

Total participants

+4.2% from 2022

Average account balance

$851,225

+23.1% from 2022

Annual return

20.44%

+36.81 pp from 2022

Benchmarks

See 107,994 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,994 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.06M

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.

131.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$63K

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

+24.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$208356

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 codes2E2G2J2R2T3B

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$466K

$21180 / participant

Other / not subdivided$466K100.0%

% of EOY assets

2.281%

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

$851,225

$175,231+385.8%

$149,696+468.6%

$139,466+510.3%

Participation rate

95.5%

83.4%+12.1pp

78.8%+16.7pp

80.3%+15.1pp

Annual return

20.44%

166.77%-146.3pp

134.46%-114.0pp

373.66%-353.2pp

Employer contribution / active EE

$25,257

$5,478+361.1%

$4,821+423.9%

$4,754+431.3%

Participant deferral / active EE

$14,540

$6,521+123.0%

$5,682+155.9%

$6,712+116.6%

Admin fee / account holder

$19,415

$16,155+20.2%

$13,212+47.0%

$11,409+70.2%

X-RAY ASSOCIATES OF LOUISVILLE, PSC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

X-RAY ASSOCIATES OF LOUISVILLE, PSC 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