Retirement plan

FAIRBANKS PSYCHIATRIC & NEUROLOGICAL CLINIC P.C. MONEY PURCHASE PLAN

Name: FAIRBANKS PSYCHIATRIC & NEUROLOGICAL CLINIC P.C. - FAIRBANKS PSYCHIATRIC & NEUROLOGICAL CLINIC P.C. MONEY PURCHASE PLAN (2022) Form 5500
Creator: FAIRBANKS PSYCHIATRIC & NEUROLOGICAL CLINIC P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAIRBANKS PSYCHIATRIC & NEUROLOGICAL CLINIC P.C. MONEY PURCHASE PLAN, FAIRBANKS PSYCHIATRIC & NEUROLOGICAL CLINIC P.C.

FAIRBANKS PSYCHIATRIC & NEUROLOGICAL CLINIC P.C.EIN 92-0068832Plan #002PY 2022

1919 LATHROP ST STE 220 - FAIRBANKS, AK 997015942907-452-1739brainclinic.comLinkedIn11-50 employeesmedical practice

Other plans on this EIN

1 filing

#001Retirement-$3.1M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$789K

-26.2% from 2021

Total participants

-16.7% from 2021

Average account balance

$56,357

-15.6% from 2021

Annual return

-9.43%

-24.16 pp from 2021

Benchmarks

See 105,950 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,950 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$913K

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

214.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.50%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3776

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2C2G2R2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit plan.
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.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$212K

$30238 / participant

Other / not subdivided$212K100.0%

% of EOY assets

26.827%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,357

$167,362-66.3%

$143,799-60.8%

$134,532-58.1%

Participation rate

85.7%

84.8%+0.9pp

80.3%+5.4pp

81.2%+4.5pp

Annual return

-9.43%

0.47%-9.9pp

-0.04%-9.4pp

418.27%-427.7pp

Employer contribution / active EE

$4,669

$5,620-16.9%

$4,952-5.7%

$4,741-1.5%

Participant deferral / active EE

$6,447-100.0%

$5,638-100.0%

$6,401-100.0%

Admin fee / account holder

$15,119

$18,094-16.4%

$14,677+3.0%

$11,429+32.3%

FAIRBANKS PSYCHIATRIC & NEUROLOGICAL CLINIC P.C. MONEY PURCHASE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAIRBANKS PSYCHIATRIC & NEUROLOGICAL CLINIC P.C. MONEY PURCHASE 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