Retirement plan

A S MEDICAL CENTER 401(K) PROFIT SHARING PLAN

Name: AS MEDICAL CENTER - A S MEDICAL CENTER 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: AS MEDICAL CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, A S MEDICAL CENTER 401(K) PROFIT SHARING PLAN, AS MEDICAL CENTER

AS MEDICAL CENTEREIN 20-0215210Plan #001PY 2023

401 PAT HARALSON DRIVE, UNIT 2 - BLAIRSVILLE, GA 30512706-781-1966

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2M

+35.0% from 2022

Total participants

+3.0% from 2022

Average account balance

$70,809

+20.5% from 2022

Annual return

21.97%

+42.63 pp from 2022

Benchmarks

See 5,245 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants25-99

Cohort5,245 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.48M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$233K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+20.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

2 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).

Expense breakdown

Schedule H Part II

Admin total

$32K

$1091 / participant

Other / not subdivided$32K100.0%

% of EOY assets

1.596%

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

$70,809

$49,897+41.9%

$80,648-12.2%

$75,177-5.8%

Participation rate

79.3%

55.3%+24.0pp

67.0%+12.3pp

67.2%+12.1pp

Annual return

21.97%

34.68%-12.7pp

937.21%-915.2pp

160.75%-138.8pp

Employer contribution / active EE

$1,587

$1,699-6.6%

$2,724-41.7%

$2,671-40.6%

Participant deferral / active EE

$5,610

$2,992+87.5%

$4,443+26.3%

$4,126+36.0%

Admin fee / account holder

$1,130

$3,579-68.4%

$5,382-79.0%

$5,651-80.0%

A S MEDICAL CENTER 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

A S MEDICAL CENTER 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