Retirement plan

LAWRENCE COUNTY FAMILY CLINIC, PA PROFIT SHARING PLAN AND TRUST

Name: LAWRENCE COUNTY FAMILY CLINIC, PA - LAWRENCE COUNTY FAMILY CLINIC, PA PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: LAWRENCE COUNTY FAMILY CLINIC, PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAWRENCE COUNTY FAMILY CLINIC, PA PROFIT SHARING PLAN AND TRUST, LAWRENCE COUNTY FAMILY CLINIC, PA

LAWRENCE COUNTY FAMILY CLINIC, PAEIN 71-0451992Plan #001PY 2022

P.O. BOX 719 - WALNUT RIDGE, AR 724760719870-886-3543lawrencedocs.comLinkedIn11-50 employeesmedical practice

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$19.1M

+2.6% from 2021

Total participants

+8.6% from 2021

Average account balance

$502,116

-10.9% from 2021

Annual return

5.23%

-40.20 pp from 2021

Benchmarks

See 19,706 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,706 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.65M

Not enough data

1 years with asset history on file

Average account balance

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

$676K

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.

71.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$227K

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

+11.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$32355

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 codes2E2J3D

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.

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

$717K

$21739 / participant

Other / not subdivided$717K100.0%

% of EOY assets

3.760%

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

$502,116

$73,848+579.9%

$143,799+249.2%

$68,486+633.2%

Participation rate

100.0%

66.7%+33.3pp

80.3%+19.7pp

67.9%+32.1pp

Annual return

5.23%

0.91%+4.3pp

-0.04%+5.3pp

-7.85%+13.1pp

Employer contribution / active EE

$2,153

$3,184-32.4%

$4,952-56.5%

$2,597-17.1%

Participant deferral / active EE

$4,602

$3,385+36.0%

$5,638-18.4%

$4,028+14.3%

Admin fee / account holder

$18,878

$5,755+228.0%

$14,677+28.6%

$5,404+249.4%

LAWRENCE COUNTY FAMILY CLINIC, PA PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAWRENCE COUNTY FAMILY CLINIC, PA PROFIT SHARING PLAN AND TRUST

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