Retirement plan

PRIMARY CARE ASSOCIATES OF NJ, LLC 401(K) PLAN

Name: PRIMARY CARE ASSOCIATES OF NJ, LLC - PRIMARY CARE ASSOCIATES OF NJ, LLC 401(K) PLAN (2020) Form 5500
Creator: PRIMARY CARE ASSOCIATES OF NJ, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRIMARY CARE ASSOCIATES OF NJ, LLC 401(K) PLAN, PRIMARY CARE ASSOCIATES OF NJ, LLC

PRIMARY CARE ASSOCIATES OF NJ, LLCEIN 73-1720173Plan #001PY 2020

329 MAIN ROAD - MONTVILLE, NJ 07045973-334-9404pcanj.comLinkedIn11-50 employeeshospital & health care

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$494K

+28.7% from 2019

Total participants

0.0% from 2019

Average account balance

$54,891

+14.4% from 2019

Annual return

23.28%

-1.42 pp from 2019

Benchmarks

See 102,098 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,098 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$571K

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$48K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+16.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3192

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 codes2E2F2G2J3B3D

Plan features

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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$4K

$493 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.798%

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

$54,891

$209,425-73.8%

$178,499-69.2%

$158,966-65.5%

Participation rate

75.0%

86.4%-11.4pp

81.9%-6.9pp

82.0%-7.0pp

Annual return

23.28%

188.80%-165.5pp

151.10%-127.8pp

302.95%-279.7pp

Employer contribution / active EE

$1,349

$5,707-76.4%

$5,011-73.1%

$4,762-71.7%

Participant deferral / active EE

$1,246

$5,955-79.1%

$5,202-76.1%

$5,983-79.2%

Admin fee / account holder

$438

$17,078-97.4%

$13,986-96.9%

$11,250-96.1%

PRIMARY CARE ASSOCIATES OF NJ, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRIMARY CARE ASSOCIATES OF NJ, LLC 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