Retirement plan

HUMPAL PHYSICAL THERAPY P.C. 401K PLAN

Name: HUMPAL PHYSICIAL THERAPY P.C. - HUMPAL PHYSICAL THERAPY P.C. 401K PLAN (2023) Form 5500
Creator: HUMPAL PHYSICIAL THERAPY P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HUMPAL PHYSICAL THERAPY P.C. 401K PLAN, HUMPAL PHYSICIAL THERAPY P.C.

HUMPAL PHYSICIAL THERAPY P.C.EIN 74-2681791Plan #001PY 2023

5026 DEEPWOOD CIR - CORPUS CHRISTI, TX 784152901361-271-1211

Prospect flagsLow returnsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$3.7M

-34.1% from 2022

Total participants

193

+179.7% from 2022

Average account balance

$19,117

-76.4% from 2022

Annual return

12.70%

+33.93 pp from 2022

Benchmarks

See 5,708 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.73M

Not enough data

1 years with asset history on file

Average account balance

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

$20K

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.

232

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.

84.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$740K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+11.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$415

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 6 by compensation

Provider	Service type	Compensation
ADMIN3165 years Service code 27 · EIN 81-0759783	Advisory (Plan)	$27,168
AMERIPRISE FINANCIAL SERVICES INC1 year Filed as: AMERIPRISE FINANCIAL Service code 27 · EIN 41-0973005	Advisory (Plan)	$19,734
PARK FOWLER & CO., PLLC1 year Filed as: PARK FOWLER & CO. PLLC Service code 10 · EIN 74-2900323	Accounting	$14,750
STRATEGIC WEALTH MANAGEMENT1 year Service code 27 · EIN 83-2425992	Advisory (Plan)	$8,486
ALLIANCE BENEFIT GROUP1 year Filed as: ALLIANCE BENEFIT GROUP ROCKY MT Service code 12 · EIN 87-0364490	Account maintenance fees; Participant...	$3,570
BENEFITEXCEL2 years Service code 27 · EIN 83-2184448	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$84K

$434 / participant

Investment mgmt$84K100.0%

% of EOY assets

2.271%

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: PARK FOWLER & CO.,PLLC
Auditor EIN: 742900323
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$19,117

$61,356-68.8%

$149,696-87.2%

$71,511-73.3%

Participation rate

100.0%

62.5%+37.5pp

78.8%+21.2pp

67.9%+32.1pp

Annual return

12.70%

35.86%-23.2pp

134.46%-121.8pp

28.86%-16.2pp

Employer contribution / active EE

$534

$2,382-77.6%

$4,821-88.9%

$2,589-79.4%

Participant deferral / active EE

$1,289

$2,920-55.9%

$5,682-77.3%

$4,291-70.0%

Admin fee / account holder

$434

$1,263-65.6%

$13,212-96.7%

$1,588-72.7%

Provider

Service type

Compensation

ADMIN3165 years

Service code 27 · EIN 81-0759783

Advisory (Plan)

$27,168

AMERIPRISE FINANCIAL SERVICES INC1 year

Filed as: AMERIPRISE FINANCIAL

Service code 27 · EIN 41-0973005

Advisory (Plan)

$19,734

PARK FOWLER & CO., PLLC1 year

Filed as: PARK FOWLER & CO. PLLC

Service code 10 · EIN 74-2900323

Accounting

$14,750

STRATEGIC WEALTH MANAGEMENT1 year

Service code 27 · EIN 83-2425992

Advisory (Plan)

$8,486

ALLIANCE BENEFIT GROUP1 year

Filed as: ALLIANCE BENEFIT GROUP ROCKY MT

Service code 12 · EIN 87-0364490

Account maintenance fees; Participant...

$3,570

BENEFITEXCEL2 years

Service code 27 · EIN 83-2184448

Advisory (Plan)

HUMPAL PHYSICAL THERAPY P.C. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HUMPAL PHYSICAL THERAPY P.C. 401K 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