Retirement plan

WASHINGTON EMERGENCY CARE PHYSICIANS 401(K) PROFIT SHARING PLAN

Name: WASHINGTON EMERGENCY CARE PHYSICIANS, INC., P.S. - WASHINGTON EMERGENCY CARE PHYSICIANS 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: WASHINGTON EMERGENCY CARE PHYSICIANS, INC., P.S.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WASHINGTON EMERGENCY CARE PHYSICIANS 401(K) PROFIT SHARING PLAN, WASHINGTON EMERGENCY CARE PHYSICIANS, INC., P.S.

WASHINGTON EMERGENCY CARE PHYSICIANS, INC., P.S.EIN 86-1998275Plan #003PY 2023

P.O. BOX 5215 - TACOMA, WA 98415253-403-8327wecphealth.orgLinkedIn1-10 employeeshospital & health care

Other plans on this EIN

1 filing

#004Retirement-$1.7M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$40.6M

+40.0% from 2022

Total participants

152

+8.6% from 2022

Average account balance

$266,887

+28.9% from 2022

Annual return

20.21%

+35.84 pp from 2022

Benchmarks

See 5,703 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,703 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$52.33M

Not enough data

1 years with asset history on file

Average account balance

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

$266K

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.

197

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.

75.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$33K

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

+17.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$372

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
RBC WEALTH MANAGEMENT1 year Service code 26 · EIN 41-1416330 1918 8TH AVE, STE 3600 · SEATTLE, WA 98101	Advisory (Participants)	$34,031
NWPS1 year Service code 13 · EIN 42-1558009 4025 DELRIDGE WAY SW, SUITE 250 · SEATTLE, WA 98106	Contract Administrator	$16,131
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 42-1558009 211 MAIN STREET, 14TH FLOOR · SAN FRANCISCO, CA 941051965	Securities Custodian	$10,032

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D3H

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$60K

$502 / participant

Trustee / custodial$10K16.7%
Investment mgmt$34K56.5%
Contract admin$16K26.8%

% of EOY assets

0.148%

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: MOSS ADAMS
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$266,887

$61,391+334.7%

$149,723+78.3%

$71,529+273.1%

Participation rate

100.0%

62.5%+37.5pp

78.8%+21.2pp

67.9%+32.1pp

Annual return

20.21%

35.88%-15.7pp

134.50%-114.3pp

28.97%-8.8pp

Employer contribution / active EE

$34,435

$2,384+1344.7%

$4,821+614.2%

$2,590+1229.6%

Participant deferral / active EE

$15,385

$2,921+426.8%

$5,682+170.7%

$4,291+258.5%

Admin fee / account holder

$396

$1,264-68.7%

$13,215-97.0%

$1,588-75.1%

Provider

Service type

Compensation

RBC WEALTH MANAGEMENT1 year

Service code 26 · EIN 41-1416330

1918 8TH AVE, STE 3600 · SEATTLE, WA 98101

Advisory (Participants)

$34,031

NWPS1 year

Service code 13 · EIN 42-1558009

4025 DELRIDGE WAY SW, SUITE 250 · SEATTLE, WA 98106

Contract Administrator

$16,131

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 42-1558009

211 MAIN STREET, 14TH FLOOR · SAN FRANCISCO, CA 941051965

Securities Custodian

$10,032

WASHINGTON EMERGENCY CARE PHYSICIANS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WASHINGTON EMERGENCY CARE PHYSICIANS 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