Retirement plan

SOUTHEAST IDAHO FAMILY PRACTICE PA CASH OR DEFERRED 401-K PLAN

Name: SOUTHEAST IDAHO FAMILY PRACTICE INC - SOUTHEAST IDAHO FAMILY PRACTICE PA CASH OR DEFERRED 401-K PLAN (2023) Form 5500
Creator: SOUTHEAST IDAHO FAMILY PRACTICE INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHEAST IDAHO FAMILY PRACTICE PA CASH OR DEFERRED 401-K PLAN, SOUTHEAST IDAHO FAMILY PRACTICE INC

SOUTHEAST IDAHO FAMILY PRACTICE INCEIN 82-0294052Plan #003PY 2023

2775 CHANNING WAY - IDAHO FALLS, ID 834047510208-529-9060seifpo.comLinkedIn11-50 employeesmedical practice

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$3.8M

+2.2% from 2022

Total participants

+10.0% from 2022

Average account balance

$172,293

-7.0% from 2022

Annual return

1.04%

+3.65 pp from 2022

Benchmarks

See 107,959 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,959 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.96M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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

$98K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+3.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$130116

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 codes2J2G2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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

$65K

$2962 / participant

Other / not subdivided$65K100.0%

% of EOY assets

1.719%

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

$172,293

$175,259-1.7%

$149,723+15.1%

$139,487+23.5%

Participation rate

100.0%

83.4%+16.6pp

78.8%+21.2pp

80.3%+19.7pp

Annual return

1.04%

166.82%-165.8pp

134.50%-133.5pp

373.84%-372.8pp

Employer contribution / active EE

$1,166

$5,478-78.7%

$4,821-75.8%

$4,755-75.5%

Participant deferral / active EE

$3,832

$6,522-41.2%

$5,682-32.6%

$6,713-42.9%

Admin fee / account holder

$2,962

$16,158-81.7%

$13,215-77.6%

$11,407-74.0%

SOUTHEAST IDAHO FAMILY PRACTICE PA CASH OR DEFERRED 401-K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHEAST IDAHO FAMILY PRACTICE PA CASH OR DEFERRED 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