Retirement plan

CLIFFORD WAYNE BASSETT, MD, PC PROFIT SHARING PLAN

Name: CLIFFORD WAYNE BASSETT, M.D., PC - CLIFFORD WAYNE BASSETT, MD, PC PROFIT SHARING PLAN (2018) Form 5500
Creator: CLIFFORD WAYNE BASSETT, M.D., PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLIFFORD WAYNE BASSETT, MD, PC PROFIT SHARING PLAN, CLIFFORD WAYNE BASSETT, M.D., PC

CLIFFORD WAYNE BASSETT, M.D., PCEIN 13-3802934Plan #002PY 2018

535 EAST 86TH STREET - NEW YORK, NY 10028212-260-9059

Other plans on this EIN

1 filing

#003Retirement-$2.7M assets

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$1.2M

-6.5% from 2017

Total participants

-14.3% from 2017

Average account balance

$76,818

-12.4% from 2017

Annual return

61.38%

+46.54 pp from 2017

Benchmarks

See 105,557 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,557 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.20M

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

2000.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+8.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$36824

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 codes2E2G2J2R2T3D

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.
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 employer contribution
Employer 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

$1.0M

$59811 / participant

Other / not subdivided$1M100.0%

% of EOY assets

82.727%

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

$76,818

$180,459-57.4%

$154,108-50.2%

$135,380-43.3%

Participation rate

88.2%

87.4%+0.8pp

83.0%+5.2pp

82.6%+5.6pp

Annual return

61.38%

888.21%-826.8pp

735.21%-673.8pp

519.81%-458.4pp

Employer contribution / active EE

$461

$6,035-92.4%

$5,298-91.3%

$4,779-90.4%

Participant deferral / active EE

$6,809

$5,806+17.3%

$5,081+34.0%

$5,609+21.4%

Admin fee / account holder

$63,549

$16,145+293.6%

$13,411+373.8%

$10,828+486.9%

CLIFFORD WAYNE BASSETT, MD, PC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLIFFORD WAYNE BASSETT, MD, PC 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