Retirement plan

MCGOWAN SPINAL REHABILITATION CENTER, P.A. 401(K) PROFIT SHARING PLAN AND TRUST

Name: MCGOWAN SPINAL REHABILITATION CENTER, P.A. - MCGOWAN SPINAL REHABILITATION CENTER, P.A. 401(K) PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: MCGOWAN SPINAL REHABILITATION CENTER, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MCGOWAN SPINAL REHABILITATION CENTER, P.A. 401(K) PROFIT SHARING PLAN AND TRUST, MCGOWAN SPINAL REHABILITATION CENTER, P.A.

MCGOWAN SPINAL REHABILITATION CENTER, P.A.EIN 03-0601943Plan #001PY 2023

3021 N. MAIN STREET - JACKSONVILLE, FL 32206904-350-5544mcgowansrc.comLinkedIn1-10 employees

Other plans on this EIN

1 filing

#002Retirement-$1.6M assets

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$2M

+19.2% from 2022

Total participants

-27.8% from 2022

Average account balance

$153,867

+37.6% from 2022

Annual return

17.37%

+35.44 pp from 2022

Benchmarks

See 108,045 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort108,045 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.04M

Not enough data

1 years with asset history on file

Average account balance

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

$311K

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.

130.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$38K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+100.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3297

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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$31K

$2810 / participant

Other / not subdivided$31K100.0%

% of EOY assets

1.545%

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

$153,867

$175,257-12.2%

$149,717+2.8%

$139,456+10.3%

Participation rate

100.0%

83.4%+16.6pp

78.8%+21.2pp

80.3%+19.7pp

Annual return

17.37%

166.70%-149.3pp

134.41%-117.0pp

373.45%-356.1pp

Employer contribution / active EE

$2,039

$5,477-62.8%

$4,820-57.7%

$4,753-57.1%

Participant deferral / active EE

$1,467

$6,521-77.5%

$5,682-74.2%

$6,711-78.1%

Admin fee / account holder

$2,377

$16,156-85.3%

$13,213-82.0%

$11,407-79.2%

MCGOWAN SPINAL REHABILITATION CENTER, P.A. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MCGOWAN SPINAL REHABILITATION CENTER, P.A. 401(K) PROFIT SHARING PLAN AND TRUST

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