Retirement plan

INTERNAL MEDICINE OF NATCHEZ, PLLC PROFIT SHARING PLAN

Name: INTERNAL MEDICINE OF NATCHEZ, PLLC PROFIT SHARING PLAN - INTERNAL MEDICINE OF NATCHEZ, PLLC PROFIT SHARING PLAN (2023) Form 5500
Creator: INTERNAL MEDICINE OF NATCHEZ, PLLC PROFIT SHARING PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERNAL MEDICINE OF NATCHEZ, PLLC PROFIT SHARING PLAN, INTERNAL MEDICINE OF NATCHEZ, PLLC PROFIT SHARING PLAN

INTERNAL MEDICINE OF NATCHEZ, PLLC PROFIT SHARING PLANEIN 20-0268166Plan #001PY 2023

46 SEARGENT S. PRENTISS DR., SUITE 300 - NATCHEZ, MS 391200000

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$4.9M

+18.1% from 2022

Total participants

+16.7% from 2022

Average account balance

$374,186

+9.1% from 2022

Annual return

14.47%

+30.92 pp from 2022

Benchmarks

See 107,994 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,994 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.64M

Not enough data

1 years with asset history on file

Average account balance

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

$403K

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.

127.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$198K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+12.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1365

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 codes2E2G2J2R2T3B

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

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

$131K

$11875 / participant

Other / not subdivided$131K100.0%

% of EOY assets

2.685%

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

$374,186

$175,231+113.5%

$149,696+150.0%

$139,466+168.3%

Participation rate

90.9%

83.4%+7.5pp

78.8%+12.1pp

80.3%+10.6pp

Annual return

14.47%

166.77%-152.3pp

134.46%-120.0pp

373.66%-359.2pp

Employer contribution / active EE

$13,991

$5,478+155.4%

$4,821+190.2%

$4,754+194.3%

Participant deferral / active EE

$9,973

$6,521+52.9%

$5,682+75.5%

$6,712+48.6%

Admin fee / account holder

$10,048

$16,155-37.8%

$13,212-23.9%

$11,409-11.9%

INTERNAL MEDICINE OF NATCHEZ, PLLC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERNAL MEDICINE OF NATCHEZ, PLLC 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