Retirement plan

LUCIDHEALTH 401(K) PROFIT SHARING PLAN

Name: PREMIER IMAGING VENTURES, LLC DBA LUCIDHEALTH - LUCIDHEALTH 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: PREMIER IMAGING VENTURES, LLC DBA LUCIDHEALTH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LUCIDHEALTH 401(K) PROFIT SHARING PLAN, PREMIER IMAGING VENTURES, LLC DBA LUCIDHEALTH

PREMIER IMAGING VENTURES, LLC DBA LUCIDHEALTHEIN 65-1284519Plan #001PY 2023

100 E CAMPUS VIEW, SUITE 100 - COLUMBUS, OH 43235614-340-7747LinkedIn1-10 employees

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$264.8M

-44.0% from 2020

Total participants

593

-5.2% from 2020

Average account balance

$556,305

-33.6% from 2020

Annual return

18.85%

-52.11 pp from 2020

Benchmarks

See 4,033 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,033 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$325.36M

Not enough data

1 years with asset history on file

Average account balance

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

$520K

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.

626

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.

96.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16.88M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$36K

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

+22.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$799

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 8 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB TRUST BANK Service code 27 · EIN 82-3967259	Advisory (Plan)	$132,732
MORGAN STANLEY SMITH BARNEY5+ years Filed as: MORGAN STANLEY Service code 27 · EIN 20-8764829	Advisory (Plan)	$101,015
THE FLAHERTY CONSULTING GROUP5+ years Service code 27 · EIN 31-1499938	Advisory (Plan)	$76,501
TD AMERITRADE, INC.5+ years Filed as: AMERITRADE Service code 27 200 SOUTH 108TH AVENUE · OMAHA, NE 68154	Advisory (Plan)	$67,079
MILLIMAN, INC.5+ years Service code 15 · EIN 91-0675641	Recordkeeping	$35,021
RAYMOND JAMES FINANCIAL SERVICES5+ years Service code 27 880 CARILLON PARKWAY · ST. PETERSBURG, FL 33716	Advisory (Plan)	$17,423
MERRILL LYNCH PIERCE FENNER & SMITH5+ years Filed as: MERRILL LYNCH Service code 27 153 EAST 53RD STREET, 46TH FLOOR · NEW YORK, NY 10022	Advisory (Plan)	$12,565
HUNTINGTON NATIONAL BANK5+ years Service code 27 41 SOUTH HIGH STREET · COLUMBUS, OH 43215	Advisory (Plan)	$7,381

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3D

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

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

$475K

$1003 / participant

Recordkeeping$35K7.4%
Investment mgmt$421K88.5%
Other trustee fees$20K4.1%

% of EOY assets

0.180%

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: BDO USA, P.C.
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$556,305

$47,173+1079.3%

$149,740+271.5%

$74,478+646.9%

Participation rate

75.3%

63.4%+11.9pp

78.8%-3.5pp

70.7%+4.6pp

Annual return

18.85%

22.75%-3.9pp

134.51%-115.7pp

34.37%-15.5pp

Employer contribution / active EE

$18,016

$1,903+846.7%

$4,821+273.7%

$2,637+583.2%

Participant deferral / active EE

$12,095

$2,730+343.0%

$5,683+112.8%

$4,530+167.0%

Admin fee / account holder

$999

$343+191.0%

$13,222-92.4%

$347+187.7%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 27 · EIN 82-3967259

Advisory (Plan)

$132,732

MORGAN STANLEY SMITH BARNEY5+ years

Filed as: MORGAN STANLEY

Service code 27 · EIN 20-8764829

Advisory (Plan)

$101,015

THE FLAHERTY CONSULTING GROUP5+ years

Service code 27 · EIN 31-1499938

Advisory (Plan)

$76,501

TD AMERITRADE, INC.5+ years

Filed as: AMERITRADE

Service code 27

200 SOUTH 108TH AVENUE · OMAHA, NE 68154

Advisory (Plan)

$67,079

MILLIMAN, INC.5+ years

Service code 15 · EIN 91-0675641

Recordkeeping

$35,021

RAYMOND JAMES FINANCIAL SERVICES5+ years

Service code 27

880 CARILLON PARKWAY · ST. PETERSBURG, FL 33716

Advisory (Plan)

$17,423

MERRILL LYNCH PIERCE FENNER & SMITH5+ years

Filed as: MERRILL LYNCH

Service code 27

153 EAST 53RD STREET, 46TH FLOOR · NEW YORK, NY 10022

Advisory (Plan)

$12,565

HUNTINGTON NATIONAL BANK5+ years

Service code 27

41 SOUTH HIGH STREET · COLUMBUS, OH 43215

Advisory (Plan)

$7,381

LUCIDHEALTH 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LUCIDHEALTH 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