Mid-Atlantic Women's Care, PLC Profit Sharing Plan

Mid-Atlantic Women's Care, PLC Profit Sharing Plan

The Mid-Atlantic Women's Care, PLC Profit Sharing Plan was established in 1997 to serve as the primary retirement vehicle for physicians and staff of its founding medical practice. Mid-Atlantic Women's Care operates as a physician-owned obstetrics and gynecology group based in Norfolk, Virginia. Under the leadership of founder Lee Ouyang, MD, the practice consolidated multiple independent clinics to create a regional women's health platform, with its profit-sharing plan growing alongside that clinical expansion. The plan is a defined contribution structure, which places portfolio risk and reward on participants rather than on the sponsoring employer. The plan's investment posture blends public-market assets with alternative exposures. While precise asset-class weights are not publicly disclosed, the portfolio includes equity and fixed-income funds typical of corporate retirement plans, alongside an allocation to alternative investments in the United States. The sponsoring entity, Mid-Atlantic Women's Care, maintains clinical affiliations with Sentara Healthcare hospitals — Sentara Princess Anne and Sentara Norfolk General — but those institutional ties do not extend to co-investment or shared portfolio mandates. The plan does not operate as a fund-of-funds or participate in direct co-investment vehicles common among larger pension funds; its deployment model reflects the scale and fiduciary constraints of a single-practice medical group plan. With total assets estimated at $88 million, the plan remains modest by institutional-allocator standards yet substantial for a single-practice retirement vehicle. Executive leadership overlaps with the medical group's governance, a common architecture among physician-owned practices where the profit-sharing plan is managed inside the same organizational umbrella rather than outsourced to an independent investment office. The plan's officers participate in broader regional and professional networks through the Medical Society of Virginia. Philanthropic interests linked to the practice's principals include the Currituck Education Foundation, Jewish Family Service of Tidewater, Project Nana, and Vanguard Landing, though no separate foundation entity is carved out of plan assets. The plan's structural differentiator is its embeddedness within a physician-owned practice — retirement governance and clinical governance share a leadership spine. This architecture is common in medical groups but contrasts sharply with the institutional framework of public pension funds or standalone family offices. That tight coupling between practice economics and retirement-plan health shapes every allocation decision.