Retirement plan

PROVIDENCE ANCHORAGE ANESTHESIA MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN

Name: PROVIDENCE ANCHORAGE ANESTHESIA MEDICAL GROUP, P.C - PROVIDENCE ANCHORAGE ANESTHESIA MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: PROVIDENCE ANCHORAGE ANESTHESIA MEDICAL GROUP, P.C
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PROVIDENCE ANCHORAGE ANESTHESIA MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN, PROVIDENCE ANCHORAGE ANESTHESIA MEDICAL GROUP, P.C

PROVIDENCE ANCHORAGE ANESTHESIA MEDICAL GROUP, P.CEIN 92-0142958Plan #001PY 2022

3300 PROVIDENCE DR., SUITE 205 - ANCHORAGE, AK 99508907-561-0005paamg.netLinkedIn1-10 employees

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$24M

-14.6% from 2021

Total participants

+30.2% from 2021

Average account balance

$435,717

-36.3% from 2021

Annual return

-17.78%

-32.26 pp from 2021

Benchmarks

See 19,706 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,706 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.33M

Not enough data

1 years with asset history on file

Average account balance

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

$439K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$55K

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

+15.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$112108

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 codes2E2F2G2J2T3D2R

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

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

$1.3M

$32535 / participant

Other / not subdivided$1M100.0%

% of EOY assets

5.295%

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

$435,717

$73,848+490.0%

$143,799+203.0%

$68,486+536.2%

Participation rate

97.4%

66.7%+30.8pp

80.3%+17.1pp

67.9%+29.5pp

Annual return

-17.78%

0.91%-18.7pp

-0.04%-17.7pp

-7.85%-9.9pp

Employer contribution / active EE

$51,149

$3,184+1506.2%

$4,952+932.9%

$2,597+1869.8%

Participant deferral / active EE

$4,322

$3,385+27.7%

$5,638-23.4%

$4,028+7.3%

Admin fee / account holder

$23,070

$5,755+300.9%

$14,677+57.2%

$5,404+326.9%

PROVIDENCE ANCHORAGE ANESTHESIA MEDICAL GROUP, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PROVIDENCE ANCHORAGE ANESTHESIA MEDICAL GROUP, 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