Retirement plan

PARAGON ANESTHESIA 401(K) PLAN

Name: PARAGON ANESTHESIA, P.C. - PARAGON ANESTHESIA 401(K) PLAN (2024) Form 5500
Creator: PARAGON ANESTHESIA, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARAGON ANESTHESIA 401(K) PLAN, PARAGON ANESTHESIA, P.C.

PARAGON ANESTHESIA, P.C.EIN 62-1091810Plan #001PY 2024

10415 WALLACE ALLEY STREET - KINGSPORT, TN 37663423-390-0451

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$55.2M

+10.3% from 2023

Total participants

162

+14.9% from 2023

Average account balance

$360,629

+0.9% from 2023

Annual return

17.03%

-4.97 pp from 2023

Benchmarks

See 5,998 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,998 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$55.18M

Not enough data

1 years with asset history on file

Average account balance

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

$361K

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.

153

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.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.76M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+17.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$393

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
OSAIC WEALTH INC1 year Service code 27 10 EXCHANGE PLACE STE 1410 · JERSEY CITY, NJ 07302	Advisory (Plan)	$22,440
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$15,394
LPL FINANCIAL1 year Filed as: LPL FINANCIAL LLC Service code 27 PO BOX 502533 · SAN DIEGO, CA 92150	Advisory (Plan)	$11,933
WOODBURY FINANCIAL SERVICES2 years Filed as: WOODBURY FINANCIAL SERVICES .00 INC Service code 27 7755 3RD ST N · OAKDALE, MN 55128	Advisory (Plan)	$10,751
QUALIFIED PLAN ADMINISTRATORS, INC.2 years Filed as: QUALIFIED PLAN ADMINISTRATORS INC Service code 13 332 E SPRINGBROOK DR STE 400 · JOHNSON CITY, TN 376011737	Contract Administrator	$2,075

Plan features & details

Pension benefit codes2A2E2J2F2G2R2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$60K

$449 / participant

Other trustee fees$60K100.0%

% of EOY assets

0.109%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: RODEFER MOSS & COMPANY PLLC
Auditor EIN: 621690032
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$360,629

$55,437+550.5%

$155,534+131.9%

$74,459+384.3%

Participation rate

93.3%

61.9%+31.4pp

78.2%+15.1pp

67.2%+26.1pp

Annual return

17.03%

269.58%-252.6pp

64.92%-47.9pp

1369.70%-1352.7pp

Employer contribution / active EE

$14,323

$2,266+532.1%

$4,675+206.4%

$2,626+445.5%

Participant deferral / active EE

$13,769

$2,837+385.3%

$5,630+144.5%

$4,350+216.5%

Admin fee / account holder

$393

$1,742-77.4%

$15,900-97.5%

$1,945-79.8%

Provider

Service type

Compensation

OSAIC WEALTH INC1 year

Service code 27

10 EXCHANGE PLACE STE 1410 · JERSEY CITY, NJ 07302

Advisory (Plan)

$22,440

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT PLAN

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$15,394

LPL FINANCIAL1 year

Filed as: LPL FINANCIAL LLC

Service code 27

PO BOX 502533 · SAN DIEGO, CA 92150

Advisory (Plan)

$11,933

WOODBURY FINANCIAL SERVICES2 years

Filed as: WOODBURY FINANCIAL SERVICES .00 INC

Service code 27

7755 3RD ST N · OAKDALE, MN 55128

Advisory (Plan)

$10,751

QUALIFIED PLAN ADMINISTRATORS, INC.2 years

Filed as: QUALIFIED PLAN ADMINISTRATORS INC

Service code 13

332 E SPRINGBROOK DR STE 400 · JOHNSON CITY, TN 376011737

Contract Administrator

$2,075

PARAGON ANESTHESIA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARAGON ANESTHESIA 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