Retirement plan

SUFFOLK NEPHROLOGY ASSOCIATES P.C. RETIREMENT TRUST (PROFIT SHARING PLAN)

Name: SUFFOLK NEPHROLOGY ASSOCIATES P.C. - SUFFOLK NEPHROLOGY ASSOCIATES P.C. RETIREMENT TRUST (PROFIT SHARING PLAN) (2024) Form 5500
Creator: SUFFOLK NEPHROLOGY ASSOCIATES P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUFFOLK NEPHROLOGY ASSOCIATES P.C. RETIREMENT TRUST (PROFIT SHARING PLAN), SUFFOLK NEPHROLOGY ASSOCIATES P.C.

SUFFOLK NEPHROLOGY ASSOCIATES P.C.EIN 11-2406669Plan #002PY 2024

340 HOWELLS ROAD - SUITE A - BAY SHORE, NY 11706631-666-2808suffolknephrologyassociates.comLinkedIn1-10 employees

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$16.4M

+15.5% from 2023

Total participants

0.0% from 2023

Average account balance

$1,090,688

+15.5% from 2023

Annual return

14.31%

-2.95 pp from 2023

Benchmarks

See 109,298 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.36M

Not enough data

1 years with asset history on file

Average account balance

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

$1.1M

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.

136.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$426K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$39K

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

+14.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$19505

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 codes2E2J2F2G3D2R

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$293K

$26598 / participant

Other / not subdivided$293K100.0%

% of EOY assets

1.788%

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

$1,090,688

$183,516+494.3%

$155,534+601.3%

$145,884+647.6%

Participation rate

100.0%

82.7%+17.3pp

78.2%+21.8pp

80.3%+19.7pp

Annual return

14.31%

61.43%-47.1pp

64.92%-50.6pp

551.85%-537.5pp

Employer contribution / active EE

$24,605

$5,315+363.0%

$4,675+426.3%

$4,662+427.8%

Participant deferral / active EE

$14,151

$6,467+118.8%

$5,630+151.3%

$6,690+111.5%

Admin fee / account holder

$19,505

$19,293+1.1%

$15,900+22.7%

$13,392+45.7%

SUFFOLK NEPHROLOGY ASSOCIATES P.C. RETIREMENT TRUST (PROFIT SHARING PLAN)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUFFOLK NEPHROLOGY ASSOCIATES P.C. RETIREMENT TRUST (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