Retirement plan

GASTROENTEROLOGY GROUP OF ROCHESTER, LLP PROFIT SHARING AND 401(K) PLAN

Name: GASTROENTEROLOGY GROUP OF ROCHESTER LLP - GASTROENTEROLOGY GROUP OF ROCHESTER, LLP PROFIT SHARING AND 401(K) PLAN (2024) Form 5500
Creator: GASTROENTEROLOGY GROUP OF ROCHESTER LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GASTROENTEROLOGY GROUP OF ROCHESTER, LLP PROFIT SHARING AND 401(K) PLAN, GASTROENTEROLOGY GROUP OF ROCHESTER LLP

GASTROENTEROLOGY GROUP OF ROCHESTER LLPEIN 16-1563898Plan #001PY 2024

2080 CLINTON AVENUE SOUTH - ROCHESTER, NY 14618585-271-2800gastrogroupofrochester.comLinkedIn51-200 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$4.6M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$16.4M

+16.9% from 2023

Total participants

-38.4% from 2023

Average account balance

$218,944

+80.7% from 2023

Annual return

13.17%

-4.36 pp from 2023

Benchmarks

See 21,729 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,729 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.42M

Not enough data

1 years with asset history on file

Average account balance

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

$219K

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.

84.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$707K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$514

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
COURIER CAPITAL2 years Service code 16 100 CHESTNUT ST, 15TH FL · ROCHESTER, NY 14604	Consulting	$17,500
THE VANGUARD GROUP, INC.2 years Service code 15 · EIN 23-1945930	Recordkeeping	$13,076
ALLIED CPA PC1 year Service code 16 90 LINDEN OAKS STE 100 · ROCHESTER, NC 14625	Consulting	$8,000
SECURITY ADMINISTRATORS, INC.1 year Service code 14 · EIN 16-1209645 100 COURT STREET · BINGHAMTON, NY 13901	Plan Administrator	$7,296

Plan features & details

Pension benefit codes2A2E2G2J2T3B3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

$39K

$602 / participant

Contract admin$39K100.0%

% of EOY assets

0.235%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ALLIED CPAS,PC
Auditor EIN: 270542316
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$218,944

$81,276+169.4%

$155,574+40.7%

$80,925+170.6%

Participation rate

84.4%

66.2%+18.1pp

78.2%+6.2pp

67.7%+16.7pp

Annual return

13.17%

33.36%-20.2pp

64.87%-51.7pp

35.65%-22.5pp

Employer contribution / active EE

$6,180

$3,103+99.2%

$4,676+32.2%

$2,756+124.2%

Participant deferral / active EE

$4,862

$3,453+40.8%

$5,629-13.6%

$4,299+13.1%

Admin fee / account holder

$514

$7,993-93.6%

$15,914-96.8%

$6,940-92.6%

Provider

Service type

Compensation

COURIER CAPITAL2 years

Service code 16

100 CHESTNUT ST, 15TH FL · ROCHESTER, NY 14604

Consulting

$17,500

THE VANGUARD GROUP, INC.2 years

Service code 15 · EIN 23-1945930

Recordkeeping

$13,076

ALLIED CPA PC1 year

Service code 16

90 LINDEN OAKS STE 100 · ROCHESTER, NC 14625

Consulting

$8,000

SECURITY ADMINISTRATORS, INC.1 year

Service code 14 · EIN 16-1209645

100 COURT STREET · BINGHAMTON, NY 13901

Plan Administrator

$7,296

GASTROENTEROLOGY GROUP OF ROCHESTER, LLP PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GASTROENTEROLOGY GROUP OF ROCHESTER, LLP PROFIT SHARING AND 401(K) 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