Retirement plan

PHILIP J. FISCHER, II, MD, P.C. 401(K) PROFIT SHARING PLAN

Name: PHILIP J. FISCHER, II, MD, P.C. - PHILIP J. FISCHER, II, MD, P.C. 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: PHILIP J. FISCHER, II, MD, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHILIP J. FISCHER, II, MD, P.C. 401(K) PROFIT SHARING PLAN, PHILIP J. FISCHER, II, MD, P.C.

PHILIP J. FISCHER, II, MD, P.C.EIN 20-2260076Plan #001PY 2019

800 ST. VINCENTS DRIVE, SUITE 630 NORTH TOWER - BIRMINGHAM, AL 35205205-939-6888philipfischermd.comLinkedIn1-10 employeesmedical practice

Prospect flagsHigh feesLow participationHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$1.6M

+24.8% from 2018

Total participants

0.0% from 2018

Average account balance

$547,165

+66.4% from 2018

Annual return

18.89%

+24.85 pp from 2018

Benchmarks

See 104,307 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort104,307 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.96M

Not enough data

1 years with asset history on file

Average account balance

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

$493K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$118K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+14.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-10

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 codes2E2F2G2J2T3D

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.
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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$11K

$3756 / participant

Other / not subdivided$11K100.0%

% of EOY assets

0.686%

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

$547,165

$202,342+170.4%

$172,752+216.7%

$152,897+257.9%

Participation rate

66.7%

87.1%-20.4pp

82.6%-16.0pp

82.5%-15.8pp

Annual return

18.89%

1029.83%-1010.9pp

802.97%-784.1pp

345.43%-326.5pp

Employer contribution / active EE

$16,308

$5,858+178.4%

$5,144+217.0%

$4,764+242.4%

Participant deferral / active EE

$12,933

$5,948+117.4%

$5,198+148.8%

$5,851+121.0%

Admin fee / account holder

$3,756

$17,111-78.1%

$13,955-73.1%

$11,599-67.6%

PHILIP J. FISCHER, II, MD, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHILIP J. FISCHER, II, MD, P.C. 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