Retirement plan

FAMILY CHIROPRACTIC CENTER, INC. PROFIT SHARING PLAN

Name: FAMILY CHIROPRACTIC CENTER, INC. - FAMILY CHIROPRACTIC CENTER, INC. PROFIT SHARING PLAN (2022) Form 5500
Creator: FAMILY CHIROPRACTIC CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAMILY CHIROPRACTIC CENTER, INC. PROFIT SHARING PLAN, FAMILY CHIROPRACTIC CENTER, INC.

FAMILY CHIROPRACTIC CENTER, INC.EIN 04-3069604Plan #001PY 2022

994 KEMPTON STREET - NEW BEDFORD, MA 02740508-993-3444familychironb.comLinkedIn11-50 employeeshealth, wellness and fitness

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.6M

-7.4% from 2021

Total participants

-6.3% from 2021

Average account balance

$126,706

-0.3% from 2021

Annual return

-9.43%

-36.64 pp from 2021

Benchmarks

See 105,930 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,930 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.29M

Not enough data

1 years with asset history on file

Average account balance

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

$163K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$51K

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

+25.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1277

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

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

$29K

$2661 / participant

Other / not subdivided$29K100.0%

% of EOY assets

1.777%

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

$126,706

$167,353-24.3%

$143,797-11.9%

$134,545-5.8%

Participation rate

81.8%

84.8%-3.0pp

80.3%+1.5pp

81.2%+0.6pp

Annual return

-9.43%

0.48%-9.9pp

-0.04%-9.4pp

418.37%-427.8pp

Employer contribution / active EE

$1,353

$5,620-75.9%

$4,952-72.7%

$4,742-71.5%

Participant deferral / active EE

$3,152

$6,447-51.1%

$5,638-44.1%

$6,401-50.8%

Admin fee / account holder

$2,252

$18,096-87.6%

$14,679-84.7%

$11,431-80.3%

FAMILY CHIROPRACTIC CENTER, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAMILY CHIROPRACTIC CENTER, INC. 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