Retirement plan

GRINNELL VETERINARY CLINIC PROFIT SHARING PLAN & TRUST

Name: GRINNELL-LYNNVILLE/SULLY-GILMAN VETERINARY CLINIC, LLP. - GRINNELL VETERINARY CLINIC PROFIT SHARING PLAN & TRUST (2022) Form 5500
Creator: GRINNELL-LYNNVILLE/SULLY-GILMAN VETERINARY CLINIC, LLP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GRINNELL VETERINARY CLINIC PROFIT SHARING PLAN & TRUST, GRINNELL-LYNNVILLE/SULLY-GILMAN VETERINARY CLINIC, LLP.

GRINNELL-LYNNVILLE/SULLY-GILMAN VETERINARY CLINIC, LLP.EIN 20-1886386Plan #001PY 2022

1631 WEST ST SOUTH - GRINNELL, IA 50112641-236-4461

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$816K

-2.8% from 2021

Total participants

+23.5% from 2021

Average account balance

$47,996

-8.5% from 2021

Annual return

-12.43%

-28.12 pp from 2021

Benchmarks

See 133,872 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort133,872 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.52M

Not enough data

1 years with asset history on file

Average account balance

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

$95K

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.

106.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$113K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+15.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1248

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 codes2E2G2J3D2F

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.
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

$6K

$339 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.748%

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

$47,996

$138,102-65.2%

$125,381-61.7%

$134,532-64.3%

Participation rate

77.8%

84.5%-6.7pp

82.4%-4.6pp

81.2%-3.5pp

Annual return

-12.43%

750.73%-763.2pp

572.31%-584.7pp

418.27%-430.7pp

Employer contribution / active EE

$1,220

$5,245-76.7%

$4,815-74.7%

$4,741-74.3%

Participant deferral / active EE

$3,578

$7,801-54.1%

$7,448-52.0%

$6,401-44.1%

Admin fee / account holder

$359

$11,568-96.9%

$10,007-96.4%

$11,429-96.9%

GRINNELL VETERINARY CLINIC PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GRINNELL VETERINARY CLINIC PROFIT SHARING PLAN & TRUST

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