Retirement plan

SARASOTA EMERGENCY ASSOCIATES, PA 401(K) PROFIT SHARING PLAN

Name: GLOBAL PHYSICIAN NETWORK LLC - SARASOTA EMERGENCY ASSOCIATES, PA 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: GLOBAL PHYSICIAN NETWORK LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SARASOTA EMERGENCY ASSOCIATES, PA 401(K) PROFIT SHARING PLAN, GLOBAL PHYSICIAN NETWORK LLC

GLOBAL PHYSICIAN NETWORK LLCEIN 82-1895218Plan #002PY 2024

PO BOX 25127 - SARASOTA, FL 34277941-917-8507globalphysiciannetwork.comLinkedIn51-200 employeeshealth, wellness and fitness

Other plans on this EIN

1 filing

#003Retirement-$3.9M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$31.4M

-2.3% from 2023

Total participants

269

+19.0% from 2023

Average account balance

$118,897

-16.4% from 2023

Annual return

12.65%

-3.37 pp from 2023

Benchmarks

See 6,026 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,026 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$31.39M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

264

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.

97.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+12.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$472

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

See the 6-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH2 years Service code 27 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534	Advisory (Plan)	$59,216
PENSION ASSURANCE LLP2 years Filed as: KB PENSION SERVICES INC Service code 13 9423 TOWN CENTER PKWY · LAKEWOOD RANCH, FL 34202	Contract Administrator	$14,561
NFP RETIREMENT INC1 year Service code 27 120 VANTIS STE 400 · ALISO VIEJO, CA 926562689	Advisory (Plan)	$2,657
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,575
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$327

Plan features & details

Pension benefit codes2A2E2G2J2R2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$125K

$582 / participant

Recordkeeping$99K79.6%
Investment mgmt$25K20.4%

% of EOY assets

0.397%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: ASSURANCE DIMENSIONS
Auditor EIN: 263429295
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$118,897

$55,415+114.6%

$155,509-23.5%

$74,495+59.6%

Participation rate

97.7%

61.9%+35.8pp

78.2%+19.5pp

67.2%+30.5pp

Annual return

12.65%

268.50%-255.9pp

64.67%-52.0pp

1364.94%-1352.3pp

Employer contribution / active EE

$9,756

$2,267+330.3%

$4,672+108.8%

$2,623+271.9%

Participant deferral / active EE

$6,758

$2,836+138.3%

$5,626+20.1%

$4,346+55.5%

Admin fee / account holder

$472

$1,738-72.8%

$15,912-97.0%

$1,942-75.7%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Service code 27

1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534

Advisory (Plan)

$59,216

PENSION ASSURANCE LLP2 years

Filed as: KB PENSION SERVICES INC

Service code 13

9423 TOWN CENTER PKWY · LAKEWOOD RANCH, FL 34202

Contract Administrator

$14,561

NFP RETIREMENT INC1 year

Service code 27

120 VANTIS STE 400 · ALISO VIEJO, CA 926562689

Advisory (Plan)

$2,657

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,575

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$327

SARASOTA EMERGENCY ASSOCIATES, PA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SARASOTA EMERGENCY ASSOCIATES, PA 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