Retirement plan

S.B.J.S., P.C. PROFIT SHARING PLAN

Name: S.B.J.S., P.C. - S.B.J.S., P.C. PROFIT SHARING PLAN (2022) Form 5500
Creator: S.B.J.S., P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, S.B.J.S., P.C. PROFIT SHARING PLAN, S.B.J.S., P.C.

S.B.J.S., P.C.EIN 20-0870135Plan #001PY 2022

1500 ROSS CLARK CIRCLE SE - DOTHAN, AL 36301334-793-2663

Prospect flagsLow returnsHigh feesLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$35.1M

-17.2% from 2021

Total participants

156

+6.8% from 2021

Average account balance

$5,851,665

+1900.7% from 2021

Annual return

-18.24%

-33.31 pp from 2021

Benchmarks

See 5,354 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,354 peers

Snapshot2022

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Analytics

Total assets (EOY)

Plan-year ending balance

$42.03M

Not enough data

1 years with asset history on file

Average account balance

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

$275K

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.

153

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.

98.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+13.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$387

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
CAPSOUTH PARTNERS6 years Service code 27 2216 WEST MAIN STREET · DOTHAN, AL 36301	Advisory (Plan)	$36,653
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: GREAT WEST LIFE & ANNUITY INS Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$20,751
ECONOMIC GROUP PENSION SERVICES2 years Service code 13 917 WESTERN AMERICA CIRCLE SUITE 50 · MOBILE, AL 36609	Contract Administrator	$9,460

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D2T2R

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.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

4 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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$63K

$544 / participant

Contract admin$59K94.9%
Other / not subdivided$3K5.1%

% of EOY assets

0.178%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BARBACANE THORNTON & COMPANY LLP
Auditor EIN: 510229493
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$5,851,665

$65,061+8894.1%

$143,757+3970.5%

$66,914+8645.0%

Participation rate

0.0%

65.2%-65.2pp

80.3%-80.3pp

69.8%-69.8pp

Annual return

-18.24%

-11.14%-7.1pp

-0.04%-18.2pp

1.58%-19.8pp

Employer contribution / active EE

$8,446

$2,361+257.8%

$4,951+70.6%

$2,544+232.0%

Participant deferral / active EE

$5,519

$2,919+89.1%

$5,637-2.1%

$4,237+30.3%

Admin fee / account holder

$10,427

$502+1977.4%

$14,673-28.9%

$593+1657.6%

Provider

Service type

Compensation

CAPSOUTH PARTNERS6 years

Service code 27

2216 WEST MAIN STREET · DOTHAN, AL 36301

Advisory (Plan)

$36,653

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: GREAT WEST LIFE & ANNUITY INS

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$20,751

ECONOMIC GROUP PENSION SERVICES2 years

Service code 13

917 WESTERN AMERICA CIRCLE SUITE 50 · MOBILE, AL 36609

Contract Administrator

$9,460

S.B.J.S., P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

S.B.J.S., P.C. 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