Retirement plan

HOSPITALISTS OF MODESTO MEDICAL GROUP. INC. 401(K) PROFIT SHARING PLAN

Name: HOSPITALISTS OF MODESTO MEDICAL GROUP, INC. - HOSPITALISTS OF MODESTO MEDICAL GROUP. INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: HOSPITALISTS OF MODESTO MEDICAL GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOSPITALISTS OF MODESTO MEDICAL GROUP. INC. 401(K) PROFIT SHARING PLAN, HOSPITALISTS OF MODESTO MEDICAL GROUP, INC.

HOSPITALISTS OF MODESTO MEDICAL GROUP, INC.EIN 77-0461881Plan #001PY 2023

P.O. BOX 576566 - MODESTO, CA 953576566209-576-3525LinkedIn11-50 employeesmedical practice

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$15.7M

+10.4% from 2022

Total participants

-8.2% from 2022

Average account balance

$212,650

+10.4% from 2022

Annual return

2.03%

+17.68 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.09M

Not enough data

1 years with asset history on file

Average account balance

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

$270K

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.

147.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+18.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14105

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 codes2E2F2G2J3D

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.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$500K

$7816 / participant

Other / not subdivided$500K100.0%

% of EOY assets

3.179%

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

$212,650

$77,908+172.9%

$149,696+42.1%

$75,173+182.9%

Participation rate

93.8%

65.6%+28.2pp

78.8%+15.0pp

67.2%+26.5pp

Annual return

2.03%

31.73%-29.7pp

134.46%-132.4pp

160.72%-158.7pp

Employer contribution / active EE

$12,845

$3,138+309.4%

$4,821+166.5%

$2,671+380.9%

Participant deferral / active EE

$12,339

$3,411+261.7%

$5,682+117.2%

$4,126+199.0%

Admin fee / account holder

$6,760

$5,950+13.6%

$13,212-48.8%

$5,651+19.6%

HOSPITALISTS OF MODESTO MEDICAL GROUP. INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOSPITALISTS OF MODESTO MEDICAL GROUP. INC. 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