Retirement plan

PULMONARY ASSOCIATES OF MOBILE, PC 401(K) PROFIT SHARING PLAN

Name: PULMONARY ASSOCIATES OF MOBILE, P.C - PULMONARY ASSOCIATES OF MOBILE, PC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: PULMONARY ASSOCIATES OF MOBILE, P.C
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PULMONARY ASSOCIATES OF MOBILE, PC 401(K) PROFIT SHARING PLAN, PULMONARY ASSOCIATES OF MOBILE, P.C

PULMONARY ASSOCIATES OF MOBILE, P.CEIN 63-0799312Plan #001PY 2024

P.O. BOX 7987 - MOBILE, AL 36670251-633-0573LinkedIn51-200 employeesmedical practice

Prospect flagsHigh cashHigh assets / participant

How to read this page

Total assets (EOY)

$47.2M

+10.6% from 2023

Total participants

166

-1.8% from 2023

Average account balance

$289,693

+9.3% from 2023

Annual return

11.12%

-3.37 pp from 2023

Benchmarks

See 6,019 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,019 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$47.22M

Not enough data

1 years with asset history on file

Average account balance

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

$290K

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.

163

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.

97.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+11.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$206

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 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.7 years Service code 13 · EIN 27-2037969	Contract Administrator	$20,440
NEWPORT GROUP, INC.7 years Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131	Trustee (bank, trust company, or simi...	$13,063

Plan features & details

Pension benefit codes2E2J3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$34K

$284 / participant

Recordkeeping$6K18.7%
Trustee / custodial$13K39.0%
Contract admin$14K42.3%

% of EOY assets

0.071%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WILKINS MILLER
Auditor EIN: 270355040
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$289,693

$55,472+422.2%

$155,567+86.2%

$74,546+288.6%

Participation rate

97.5%

61.9%+35.5pp

78.2%+19.3pp

67.2%+30.2pp

Annual return

11.12%

268.72%-257.6pp

64.74%-53.6pp

1366.03%-1354.9pp

Employer contribution / active EE

$11,722

$2,269+416.6%

$4,674+150.8%

$2,624+346.7%

Participant deferral / active EE

$7,914

$2,838+178.9%

$5,628+40.6%

$4,347+82.0%

Admin fee / account holder

$206

$1,743-88.2%

$15,916-98.7%

$1,944-89.4%

Provider

Service type

Compensation

NEWPORT GROUP, INC.7 years

Service code 13 · EIN 27-2037969

Contract Administrator

$20,440

NEWPORT GROUP, INC.7 years

Filed as: NEWPORT TRUST COMPANY

Service code 20 · EIN 27-4411131

Trustee (bank, trust company, or simi...

$13,063

PULMONARY ASSOCIATES OF MOBILE, PC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PULMONARY ASSOCIATES OF MOBILE, PC 401(K) PROFIT SHARING 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