Retirement plan

CARDIOVASCULAR CONSULTANTS HEART CENTER, INC. 401(K) PLAN

Name: CARDIOVASCULAR CONSULTANTS HEART CENTER, INC. - CARDIOVASCULAR CONSULTANTS HEART CENTER, INC. 401(K) PLAN (2023) Form 5500
Creator: CARDIOVASCULAR CONSULTANTS HEART CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARDIOVASCULAR CONSULTANTS HEART CENTER, INC. 401(K) PLAN, CARDIOVASCULAR CONSULTANTS HEART CENTER, INC.

CARDIOVASCULAR CONSULTANTS HEART CENTER, INC.EIN 94-2686822Plan #002PY 2023

1207 EAST HERNDON AVENUE - FRESNO, CA 93720559-432-4303cvcfresno.comLinkedIn51-200 employeesmedical practice

Other plans on this EIN

1 filing

#004Retirement-$2.0M assets

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$12M

+17.9% from 2022

Total participants

117

+9.3% from 2022

Average account balance

$102,315

+7.8% from 2022

Annual return

11.90%

+20.40 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.46M

Not enough data

1 years with asset history on file

Average account balance

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

$147K

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.

119

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

$742K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$72

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 2 by compensation

Provider	Service type	Compensation
SIERRA PACIFIC WEALTH ADVISORY GROU2 years Service code 26 · EIN 86-1492281 7447 N. FRESNO STREET, SUITE 102 · FRESNO, CA 93720	Advisory (Participants)	$20,888
JOHN HANCOCK LIFE INSURANCE COMPANY4 years Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346	Recordkeeping	$294

Plan features & details

Pension benefit codes2A2E2F2G2R2T3D

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.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$26K

$383 / participant

Investment mgmt$21K81.3%
Contract admin$5K18.7%

% of EOY assets

0.215%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DRITSAS GROOM MCCORMICK, LLP
Auditor EIN: 942782187
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,315

$77,908+31.3%

$149,696-31.7%

$75,173+36.1%

Participation rate

100.0%

65.6%+34.4pp

78.8%+21.2pp

67.2%+32.8pp

Annual return

11.90%

31.73%-19.8pp

134.46%-122.6pp

160.72%-148.8pp

Employer contribution / active EE

$6,843

$3,138+118.1%

$4,821+41.9%

$2,671+156.2%

Participant deferral / active EE

$4,681

$3,411+37.2%

$5,682-17.6%

$4,126+13.4%

Admin fee / account holder

$219

$5,950-96.3%

$13,212-98.3%

$5,651-96.1%

Provider

Service type

Compensation

SIERRA PACIFIC WEALTH ADVISORY GROU2 years

Service code 26 · EIN 86-1492281

7447 N. FRESNO STREET, SUITE 102 · FRESNO, CA 93720

Advisory (Participants)

$20,888

JOHN HANCOCK LIFE INSURANCE COMPANY4 years

Filed as: JOHN HANCOCK LIFE INSURANCE CO

Service code 15 · EIN 01-0233346

Recordkeeping

$294

CARDIOVASCULAR CONSULTANTS HEART CENTER, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARDIOVASCULAR CONSULTANTS HEART CENTER, INC. 401(K) 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