Retirement plan

PROVIDENCE MEDICAL GROUP, NORTHERN CALIFORNIA 401(K) PROFIT SHARING PLAN

Name: PROVIDENCE MEDICAL GROUP, NORTHERN CALIFORNIA - PROVIDENCE MEDICAL GROUP, NORTHERN CALIFORNIA 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: PROVIDENCE MEDICAL GROUP, NORTHERN CALIFORNIA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROVIDENCE MEDICAL GROUP, NORTHERN CALIFORNIA 401(K) PROFIT SHARING PLAN, PROVIDENCE MEDICAL GROUP, NORTHERN CALIFORNIA

PROVIDENCE MEDICAL GROUP, NORTHERN CALIFORNIAEIN 88-1779768Plan #001PY 2024

200 W. CENTER ST. PROMENADE STE 800 - ANAHEIM, CA 92805714-347-7618

Other plans on this EIN

1 filing

#002Retirement-$3.6M assets

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$120.7M

+31.8% from 2023

Total participants

406

+9.1% from 2023

Average account balance

$300,214

+20.0% from 2023

Annual return

17.34%

-255.01 pp from 2023

Benchmarks

See 4,141 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,141 peers

Snapshot2024

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$120.69M

Not enough data

1 years with asset history on file

Average account balance

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

$300K

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.

402

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.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16.61M

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

+17.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$210

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 3-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.

Start for $4.99 See plans

Service providers

Top 2 by compensation

Provider	Service type	Compensation
SAGEVIEW ADVISORY GROUP, LLC2 years Service code 27 1920 MAIN STREET SUITE 800 · IRVINE, CA 92614	Advisory (Plan)	$80,267
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 33 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Other investment fees and expenses; S...	$3,821

Plan features & details

Pension benefit codes2A2E2F2G2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$84K

$229 / participant

Recordkeeping$4K4.9%
Investment mgmt$80K95.1%

% of EOY assets

0.070%

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: HOLTHOUSE CARLIN & VAN TRIGT LLP
Auditor EIN: 954345526
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$300,214

$50,815+490.8%

$155,509+93.1%

$77,643+286.7%

Participation rate

98.9%

63.1%+35.8pp

78.2%+20.7pp

70.6%+28.3pp

Annual return

17.34%

34.80%-17.5pp

64.67%-47.3pp

31.24%-13.9pp

Employer contribution / active EE

$29,625

$1,993+1386.7%

$4,672+534.0%

$2,726+986.8%

Participant deferral / active EE

$15,385

$2,822+445.2%

$5,626+173.4%

$4,647+231.0%

Admin fee / account holder

$210

$437-51.9%

$15,912-98.7%

$430-51.2%

Provider

Service type

Compensation

SAGEVIEW ADVISORY GROUP, LLC2 years

Service code 27

1920 MAIN STREET SUITE 800 · IRVINE, CA 92614

Advisory (Plan)

$80,267

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 33

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Other investment fees and expenses; S...

$3,821

PROVIDENCE MEDICAL GROUP, NORTHERN CALIFORNIA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROVIDENCE MEDICAL GROUP, NORTHERN CALIFORNIA 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