Retirement plan

THE 401(K) PLAN AND TRUST OF PHYSICIANS ENDOSCOPY, LLC

Name: PHYSICIANS ENDOSCOPY, LLC - THE 401(K) PLAN AND TRUST OF PHYSICIANS ENDOSCOPY, LLC (2023) Form 5500
Creator: PHYSICIANS ENDOSCOPY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE 401(K) PLAN AND TRUST OF PHYSICIANS ENDOSCOPY, LLC, PHYSICIANS ENDOSCOPY, LLC

PHYSICIANS ENDOSCOPY, LLCEIN 91-1882702Plan #001PY 2023

1 HEALTH DRIVE, MN103-0300 - EDEN PRAIRIE, MN 55344952-936-1300

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$54.8M

+24.2% from 2022

Total participants

1,695

+57.1% from 2022

Average account balance

$44,919

+7.0% from 2022

Annual return

16.44%

+29.32 pp from 2022

Benchmarks

See 1,407 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,407 peers

Snapshot2023

See peer percentile detail with Solo.

Solo shows the percentile for each metric against plans of the same size and industry. $4.99 for your first month, then $34.99 a month. Cancel any time.

Start Solo for $4.99 Compare plans

Analytics

Total assets (EOY)

Plan-year ending balance

$62.92M

Not enough data

1 years with asset history on file

Average account balance

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

$47K

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.

1,353

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.

75.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21

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 10-year trajectory with Solo.

Solo shows up to ten years of filings for this plan, year over year. $4.99 for your first month, then $34.99 a month. Cancel any time.

Start Solo for $4.99 Compare plans

Service providers

Top 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY8 years Service code 13 · EIN 42-0127290	Contract Administrator	$102,411
N.A. FALCONE & ASSOCIATES, INC.4 years Filed as: N A FALCONE & ASSOCIATES, INC. Service code 13 · EIN 23-2773128	Contract Administrator	$60,156
MERRILL LYNCH PIERCE FENNER & SMITH7 years Service code 17 · EIN 13-5674085	Pension Consulting	$46,900
N.A. FALCONE & ASSOCIATES, INC.4 years Filed as: NA FALCONE & ASSOCIATES, INC. Service code 13	Contract Administrator	$18,145
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVST INSTNL OPRTN CO. LLC Service code 37 · EIN 04-2647786	Loan Processing	$25

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$209K

$141 / participant

Recordkeeping$163K77.6%
Investment mgmt$47K22.4%

% of EOY assets

0.382%

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: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,919

$50,127-10.4%

$149,673-70.0%

$80,160-44.0%

Participation rate

68.1%

64.3%+3.8pp

78.8%-10.7pp

72.9%-4.9pp

Annual return

16.44%

29.82%-13.4pp

134.42%-118.0pp

40.38%-23.9pp

Employer contribution / active EE

$2,039

$1,865+9.4%

$4,818-57.7%

$2,978-31.5%

Participant deferral / active EE

$3,241

$3,194+1.5%

$5,680-42.9%

$5,017-35.4%

Admin fee / account holder

$172

$153+12.5%

$13,210-98.7%

$145+18.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY8 years

Service code 13 · EIN 42-0127290

Contract Administrator

$102,411

N.A. FALCONE & ASSOCIATES, INC.4 years

Filed as: N A FALCONE & ASSOCIATES, INC.

Service code 13 · EIN 23-2773128

Contract Administrator

$60,156

MERRILL LYNCH PIERCE FENNER & SMITH7 years

Service code 17 · EIN 13-5674085

Pension Consulting

$46,900

N.A. FALCONE & ASSOCIATES, INC.4 years

Filed as: NA FALCONE & ASSOCIATES, INC.

Service code 13

Contract Administrator

$18,145

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVST INSTNL OPRTN CO. LLC

Service code 37 · EIN 04-2647786

Loan Processing

$25

THE 401(K) PLAN AND TRUST OF PHYSICIANS ENDOSCOPY, LLC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE 401(K) PLAN AND TRUST OF PHYSICIANS ENDOSCOPY, LLC

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