Retirement plan

ANGELIC HEALTH 401(K) PLAN

Name: ANGELIC PRACTICE MANAGEMENT LLC - ANGELIC HEALTH 401(K) PLAN (2024) Form 5500
Creator: ANGELIC PRACTICE MANAGEMENT LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANGELIC HEALTH 401(K) PLAN, ANGELIC PRACTICE MANAGEMENT LLC

ANGELIC PRACTICE MANAGEMENT LLCEIN 82-5301108Plan #001PY 2024

8025 E. BLACKHORSE PIKE - PLEASANTVILLE, NJ 08232609-515-6193

Prospect flagsHigh feesLow participationLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.2M

+16.8% from 2023

Total participants

240

-33.3% from 2023

Average account balance

$16,058

+2.1% from 2023

Annual return

12.12%

-3.36 pp from 2023

Benchmarks

See 6,019 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,019 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$2.17M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

135

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.

40.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$686K

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

+12.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$752

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
LIMESTONE PENSION ASSOCIATES, LLC1 year Filed as: LIMESTONE PENSION ASSOCIATES LLC Service code 15 · EIN 51-0383217	Recordkeeping	$29,599
ISDANER & COMPANY, LLC1 year Filed as: ISDANER & COMPANY CPAS Service code 10 · EIN 23-6410283	Accounting	$21,000
BELFINT, LYONS & SHUMAN, P.A.1 year Filed as: BELFINT LYONS SHUMAN CPA Service code 10 · EIN 51-0232399	Accounting	$20,000
TRANSAMERICA RETIREMENT SOLUTIONS4+ years Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399	Recordkeeping	$19,073
LEVY RATNER1 year Filed as: LEVY WEALTH MANAGEMENT GROUP Service code 27 · EIN 45-5378898	Advisory (Plan)	$10,909

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T2X3D3H

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.
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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$101K

$577 / participant

Recordkeeping$19K18.8%
Investment mgmt$12K11.6%
Contract admin$30K29.2%
Other / not subdivided$41K40.4%

% of EOY assets

4.680%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BELFINT LYONS & SHUMAN, P.A.
Auditor EIN: 510232399
Audit fees: $41,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,058

$55,472-71.1%

$155,567-89.7%

$74,546-78.5%

Participation rate

40.3%

61.9%-21.6pp

78.2%-37.9pp

67.2%-26.9pp

Annual return

12.12%

268.72%-256.6pp

64.74%-52.6pp

1366.03%-1353.9pp

Employer contribution / active EE

$921

$2,269-59.4%

$4,674-80.3%

$2,624-64.9%

Participant deferral / active EE

$2,974

$2,838+4.8%

$5,628-47.1%

$4,347-31.6%

Admin fee / account holder

$752

$1,743-56.9%

$15,916-95.3%

$1,944-61.3%

Provider

Service type

Compensation

LIMESTONE PENSION ASSOCIATES, LLC1 year

Filed as: LIMESTONE PENSION ASSOCIATES LLC

Service code 15 · EIN 51-0383217

Recordkeeping

$29,599

ISDANER & COMPANY, LLC1 year

Filed as: ISDANER & COMPANY CPAS

Service code 10 · EIN 23-6410283

Accounting

$21,000

BELFINT, LYONS & SHUMAN, P.A.1 year

Filed as: BELFINT LYONS SHUMAN CPA

Service code 10 · EIN 51-0232399

Accounting

$20,000

TRANSAMERICA RETIREMENT SOLUTIONS4+ years

Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN

Service code 15 · EIN 36-6071399

Recordkeeping

$19,073

LEVY RATNER1 year

Filed as: LEVY WEALTH MANAGEMENT GROUP

Service code 27 · EIN 45-5378898

Advisory (Plan)

$10,909

ANGELIC HEALTH 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANGELIC HEALTH 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