Retirement plan

OMEGA OB-GYN ASSOCIATES OF SOUTH ARLINGTON, P.A. 401(K) PLAN

Name: OMEGA OB-GYN ASSOCIATES OF SOUTH ARLINGTON, P.A. - OMEGA OB-GYN ASSOCIATES OF SOUTH ARLINGTON, P.A. 401(K) PLAN (2022) Form 5500
Creator: OMEGA OB-GYN ASSOCIATES OF SOUTH ARLINGTON, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OMEGA OB-GYN ASSOCIATES OF SOUTH ARLINGTON, P.A. 401(K) PLAN, OMEGA OB-GYN ASSOCIATES OF SOUTH ARLINGTON, P.A.

OMEGA OB-GYN ASSOCIATES OF SOUTH ARLINGTON, P.A.EIN 75-1708940Plan #001PY 2022

3201 MATLOCK ROAD, SUITE 350 - ARLINGTON, TX 76015817-468-3255LinkedIn51-200 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$6.3M

-23.6% from 2021

Total participants

+13.3% from 2021

Average account balance

$92,136

-31.5% from 2021

Annual return

-15.32%

-34.78 pp from 2021

Benchmarks

See 19,709 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,709 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.04M

Not enough data

1 years with asset history on file

Average account balance

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

$110K

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.

128.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$394K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+16.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4365

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 codes2E2F2G2J2R2T3D

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.
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

1 tripped

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

$1.1M

$18033 / participant

Other / not subdivided$1M100.0%

% of EOY assets

18.133%

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

$92,136

$73,839+24.8%

$143,788-35.9%

$68,495+34.5%

Participation rate

73.0%

66.7%+6.4pp

80.3%-7.3pp

67.9%+5.1pp

Annual return

-15.32%

1.01%-16.3pp

-0.03%-15.3pp

-7.84%-7.5pp

Employer contribution / active EE

$2,334

$3,184-26.7%

$4,952-52.9%

$2,596-10.1%

Participant deferral / active EE

$4,110

$3,384+21.4%

$5,638-27.1%

$4,028+2.0%

Admin fee / account holder

$16,707

$5,755+190.3%

$14,675+13.8%

$5,403+209.2%

OMEGA OB-GYN ASSOCIATES OF SOUTH ARLINGTON, P.A. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OMEGA OB-GYN ASSOCIATES OF SOUTH ARLINGTON, P.A. 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