Retirement plan

SOUND OBSTETRICS & GYNECOLOGY, P.C. 401(K) PROFIT SHARING PLAN

Name: SOUND OBSTETRICS & GYNECOLOGY, P.C. - SOUND OBSTETRICS & GYNECOLOGY, P.C. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: SOUND OBSTETRICS & GYNECOLOGY, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUND OBSTETRICS & GYNECOLOGY, P.C. 401(K) PROFIT SHARING PLAN, SOUND OBSTETRICS & GYNECOLOGY, P.C.

SOUND OBSTETRICS & GYNECOLOGY, P.C.EIN 06-0962806Plan #003PY 2021

40 TEMPLE STREET - NEW HAVEN, CT 06510203-789-2011sound-obgyn.comLinkedIn11-50 employeesmedical practice

Prospect flagsHigh feesHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$10.1M

+20.7% from 2020

Total participants

-8.8% from 2020

Average account balance

$326,701

+28.5% from 2020

Annual return

17.83%

+12.37 pp from 2020

Benchmarks

See 18,805 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,805 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.11M

Not enough data

1 years with asset history on file

Average account balance

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

$354K

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.

108.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$693K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+10.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$24495

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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$226K

$8071 / participant

Other / not subdivided$226K100.0%

% of EOY assets

2.231%

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

$326,701

$95,406+242.4%

$185,849+75.8%

$85,847+280.6%

Participation rate

100.0%

68.8%+31.2pp

81.7%+18.3pp

69.3%+30.7pp

Annual return

17.83%

23.59%-5.8pp

122.10%-104.3pp

318.61%-300.8pp

Employer contribution / active EE

$10,716

$3,314+223.4%

$5,169+107.3%

$2,565+317.7%

Participant deferral / active EE

$6,083

$3,424+77.7%

$5,569+9.2%

$3,952+53.9%

Admin fee / account holder

$7,290

$7,214+1.0%

$16,244-55.1%

$6,261+16.4%

SOUND OBSTETRICS & GYNECOLOGY, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUND OBSTETRICS & GYNECOLOGY, P.C. 401(K) 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