Retirement plan

DAVIS SQUARE FAMILY PRACTICE P 401(K) PROFIT SHARING PLAN & TRUST

Name: DAVIS SQUARE FAMILY PRACTICE P - DAVIS SQUARE FAMILY PRACTICE P 401(K) PROFIT SHARING PLAN & TRUST (2021) Form 5500
Creator: DAVIS SQUARE FAMILY PRACTICE P
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DAVIS SQUARE FAMILY PRACTICE P 401(K) PROFIT SHARING PLAN & TRUST, DAVIS SQUARE FAMILY PRACTICE P

DAVIS SQUARE FAMILY PRACTICE PEIN 04-3584262Plan #001PY 2021

260 ELM STREET, #105 - SOMERVILLE, MA 02144617-666-9577dsfamilypractice.comLinkedIn11-50 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2M

+17.4% from 2020

Total participants

+5.6% from 2020

Average account balance

$109,574

+10.8% from 2020

Annual return

12.01%

-3.59 pp from 2020

Benchmarks

See 103,184 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort103,184 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.95M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

275.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$118K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+14.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$81

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 codes2E2F2G2J2T3D

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.
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

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

$9K

$1033 / participant

Other / not subdivided$9K100.0%

% of EOY assets

0.471%

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

$109,574

$217,432-49.6%

$185,849-41.0%

$167,536-34.6%

Participation rate

88.9%

86.1%+2.8pp

81.7%+7.2pp

82.1%+6.8pp

Annual return

12.01%

148.42%-136.4pp

122.10%-110.1pp

478.82%-466.8pp

Employer contribution / active EE

$2,178

$5,875-62.9%

$5,169-57.9%

$4,839-55.0%

Participant deferral / active EE

$7,820

$6,357+23.0%

$5,569+40.4%

$6,342+23.3%

Admin fee / account holder

$516

$19,818-97.4%

$16,244-96.8%

$12,315-95.8%

DAVIS SQUARE FAMILY PRACTICE P 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DAVIS SQUARE FAMILY PRACTICE P 401(K) PROFIT SHARING PLAN & 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