Retirement plan

BARNEGAT ANIMAL CLINIC, LLC PROFIT SHARING PLAN

Name: BARNEGAT ANIMAL CLINIC, LLC - BARNEGAT ANIMAL CLINIC, LLC PROFIT SHARING PLAN (2017) Form 5500
Creator: BARNEGAT ANIMAL CLINIC, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BARNEGAT ANIMAL CLINIC, LLC PROFIT SHARING PLAN, BARNEGAT ANIMAL CLINIC, LLC

BARNEGAT ANIMAL CLINIC, LLCEIN 20-2016655Plan #001PY 2017

530 NORTH MAIN STREET - BARNEGAT, NJ 08005609-698-2141barnegatanimalclinic.comLinkedIn11-50 employeesveterinary

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3M

+9.2% from 2016

Total participants

+2.5% from 2016

Average account balance

$81,418

+6.3% from 2016

Annual return

18.61%

+9.63 pp from 2016

Benchmarks

See 25,067 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,067 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.01M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

96.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$438K

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

+12.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2187

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 codes2J2T3B3D2E2F2G

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

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

$536K

$13397 / participant

Other / not subdivided$536K100.0%

% of EOY assets

17.789%

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

$81,418

$85,766-5.1%

$136,298-40.3%

$70,126+16.1%

Participation rate

90.0%

74.2%+15.8pp

81.9%+8.1pp

69.5%+20.5pp

Annual return

18.61%

31.46%-12.8pp

5156.27%-5137.7pp

73.15%-54.5pp

Employer contribution / active EE

$4,360

$2,966+47.0%

$4,696-7.1%

$2,343+86.1%

Participant deferral / active EE

$2,435

$5,051-51.8%

$6,247-61.0%

$3,332-26.9%

Admin fee / account holder

$14,483

$5,421+167.2%

$9,244+56.7%

$4,645+211.8%

BARNEGAT ANIMAL CLINIC, LLC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BARNEGAT ANIMAL CLINIC, LLC 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