Retirement plan

ANESTHESIA ASSOCIATES OF NEW MEXICO, P.C. 401(K) PROFIT SHARING PLAN

Name: ANESTHESIA ASSOCIATES OF NEW MEXICO, P.C. - ANESTHESIA ASSOCIATES OF NEW MEXICO, P.C. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: ANESTHESIA ASSOCIATES OF NEW MEXICO, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANESTHESIA ASSOCIATES OF NEW MEXICO, P.C. 401(K) PROFIT SHARING PLAN, ANESTHESIA ASSOCIATES OF NEW MEXICO, P.C.

ANESTHESIA ASSOCIATES OF NEW MEXICO, P.C.EIN 85-0210604Plan #004PY 2022

100 SUN AVENUE N.E., SUITE 650 - ALBUQUERQUE, NM 87109505-260-4300aanmpc.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$31.2M

-24.6% from 2021

Total participants

-8.4% from 2021

Average account balance

$322,065

-17.6% from 2021

Annual return

-14.09%

-26.85 pp from 2021

Benchmarks

See 19,701 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,701 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.60M

Not enough data

1 years with asset history on file

Average account balance

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

$407K

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.

217.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.75M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$45K

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

+13.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$79334

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

Top 1 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.5 years Service code 15 · EIN 23-1945930	Recordkeeping	$95

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

2 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$4K

$69 / participant

Other / not subdivided$4K100.0%

% of EOY assets

0.011%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BURT AND COMPANY CPAS, LLC
Auditor EIN: 850383230
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$322,065

$73,863+336.0%

$143,797+124.0%

$68,490+370.2%

Participation rate

98.0%

66.7%+31.4pp

80.3%+17.7pp

67.9%+30.1pp

Annual return

-14.09%

0.91%-15.0pp

-0.04%-14.0pp

-7.85%-6.2pp

Employer contribution / active EE

$10,298

$3,185+223.4%

$4,952+107.9%

$2,597+296.6%

Participant deferral / active EE

$9,960

$3,385+194.3%

$5,638+76.7%

$4,028+147.3%

Admin fee / account holder

$36

$5,756-99.4%

$14,679-99.8%

$5,403-99.3%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.5 years

Service code 15 · EIN 23-1945930

Recordkeeping

$95

ANESTHESIA ASSOCIATES OF NEW MEXICO, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANESTHESIA ASSOCIATES OF NEW MEXICO, P.C. 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