Retirement plan

SOUTH CHARLESTON PEDIATRICS, PLLC 401(K) PROFIT SHARING PLAN

Name: SOUTH CHARLESTON PEDIATRICS, PLLC - SOUTH CHARLESTON PEDIATRICS, PLLC 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: SOUTH CHARLESTON PEDIATRICS, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTH CHARLESTON PEDIATRICS, PLLC 401(K) PROFIT SHARING PLAN, SOUTH CHARLESTON PEDIATRICS, PLLC

SOUTH CHARLESTON PEDIATRICS, PLLCEIN 20-0322360Plan #001PY 2023

830 PENNSYLVANIA AVENUE, SUITE 110 - CHARLESTON, WV 25302304-982-7031southcharlestonpediatrics.comLinkedIn11-50 employeesmedical practice

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$4.3M

+26.3% from 2022

Total participants

0.0% from 2022

Average account balance

$216,059

+32.6% from 2022

Annual return

19.17%

+35.62 pp from 2022

Benchmarks

See 20,811 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,811 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.74M

Not enough data

1 years with asset history on file

Average account balance

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

$316K

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$29K

Not enough data

1 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

+13.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14061

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 codes2E2F2G2J2T3B3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$25K

$902 / participant

Other / not subdivided$25K100.0%

% of EOY assets

0.585%

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

$216,059

$77,905+177.3%

$149,682+44.3%

$75,173+187.4%

Participation rate

57.1%

65.6%-8.4pp

78.8%-21.6pp

67.2%-10.1pp

Annual return

19.17%

31.72%-12.6pp

134.35%-115.2pp

160.65%-141.5pp

Employer contribution / active EE

$3,405

$3,138+8.5%

$4,818-29.3%

$2,670+27.5%

Participant deferral / active EE

$6,144

$3,411+80.1%

$5,681+8.2%

$4,126+48.9%

Admin fee / account holder

$1,263

$5,957-78.8%

$13,210-90.4%

$5,651-77.7%

SOUTH CHARLESTON PEDIATRICS, PLLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTH CHARLESTON PEDIATRICS, PLLC 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