Retirement plan

CUMBERLAND INTERNAL MEDICINE, P.A. CASH/DEFERRED PROFIT SHARING PLAN

Name: CUMBERLAND INTERNAL MEDICINE, P.A. - CUMBERLAND INTERNAL MEDICINE, P.A. CASH/DEFERRED PROFIT SHARING PLAN (2016) Form 5500
Creator: CUMBERLAND INTERNAL MEDICINE, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CUMBERLAND INTERNAL MEDICINE, P.A. CASH/DEFERRED PROFIT SHARING PLAN, CUMBERLAND INTERNAL MEDICINE, P.A.

CUMBERLAND INTERNAL MEDICINE, P.A.EIN 22-3053211Plan #002PY 2016

1450 E. CHESTNUT AVE - BLDG 3 - VINELAND, NJ 08361856-794-8700siclists.com/north-carolina/fayetteville/cumberland-internal-medicine_1ud9n.htmlLinkedIn11-50 employeesmedical practice

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.5M

+0.3% from 2015

Total participants

0.0% from 2015

Average account balance

$129,737

+0.3% from 2015

Annual return

6.27%

+9.37 pp from 2015

Benchmarks

See 109,098 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,098 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.64M

Not enough data

1 years with asset history on file

Average account balance

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

$260K

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.

155.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$309K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$34K

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

+9.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$805

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 codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

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).

Expense breakdown

Schedule H Part II

Admin total

$312K

$16440 / participant

Other / not subdivided$312K100.0%

% of EOY assets

12.671%

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

$129,737

$181,896-28.7%

$156,551-17.1%

$273,972-52.6%

Participation rate

100.0%

88.4%+11.6pp

84.0%+16.0pp

83.0%+17.0pp

Annual return

6.27%

30.74%-24.5pp

32.23%-26.0pp

41.46%-35.2pp

Employer contribution / active EE

$2,410

$6,248-61.4%

$5,501-56.2%

$4,869-50.5%

Participant deferral / active EE

$5,743

$5,550+3.5%

$4,871+17.9%

$5,287+8.6%

Admin fee / account holder

$16,440

$15,560+5.7%

$13,028+26.2%

$10,133+62.2%

CUMBERLAND INTERNAL MEDICINE, P.A. CASH/DEFERRED PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CUMBERLAND INTERNAL MEDICINE, P.A. CASH/DEFERRED 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