Retirement plan

BARNEGAT ANIMAL CLINIC, LLC PROFIT SHARING PLAN

Name: BARNEGAT ANIMAL CLINIC, LLC - BARNEGAT ANIMAL CLINIC, LLC PROFIT SHARING PLAN (2019) 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 2019

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

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$3.9M

+30.6% from 2018

Total participants

+2.1% from 2018

Average account balance

$92,681

+27.5% from 2018

Annual return

27.87%

+38.17 pp from 2018

Benchmarks

See 25,911 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort25,911 peers

Snapshot2019

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 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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$237K

$4938 / participant

Other / not subdivided$237K100.0%

% of EOY assets

6.089%

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

$92,681

$89,367+3.7%

$141,191-34.4%

$72,975+27.0%

Participation rate

85.4%

75.1%+10.3pp

82.5%+2.9pp

69.5%+15.9pp

Annual return

27.87%

111.87%-84.0pp

71.41%-43.5pp

81.01%-53.1pp

Employer contribution / active EE

$4,159

$3,115+33.5%

$4,736-12.2%

$2,440+70.4%

Participant deferral / active EE

$2,151

$5,419-60.3%

$6,710-67.9%

$3,608-40.4%

Admin fee / account holder

$5,643

$5,957-5.3%

$10,264-45.0%

$5,124+10.1%

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