Retirement plan

MARTIN SCOTT DO & ASSOCIATES 401(K) PROFIT SHARING PLAN

Name: MARTN SCOTT DO & ASSOCIATES - MARTIN SCOTT DO & ASSOCIATES 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: MARTN SCOTT DO & ASSOCIATES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARTIN SCOTT DO & ASSOCIATES 401(K) PROFIT SHARING PLAN, MARTN SCOTT DO & ASSOCIATES

MARTN SCOTT DO & ASSOCIATESEIN 23-3814940Plan #002PY 2024

500 STREET RD - NEW HOPE, PA 189389237609-802-4500

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$910K

+8.6% from 2023

Total participants

-16.7% from 2023

Average account balance

$182,016

+30.3% from 2023

Annual return

11.35%

+7.14 pp from 2023

Benchmarks

See 109,210 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,210 peers

Snapshot2024

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

Analytics

Less than 3 years of history available for this plan

We'll show a chart here once at least 3 consecutive filings are on record.

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 codes2E2F2G2J3D

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

$56K

$13885 / participant

Other / not subdivided$56K100.0%

% of EOY assets

6.103%

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

$182,016

$183,539-0.8%

$155,556+17.0%

$145,897+24.8%

Participation rate

100.0%

82.7%+17.3pp

78.2%+21.8pp

80.3%+19.7pp

Annual return

11.35%

61.31%-50.0pp

64.84%-53.5pp

552.29%-540.9pp

Employer contribution / active EE

$2,293

$5,315-56.9%

$4,675-51.0%

$4,663-50.8%

Participant deferral / active EE

$5,750

$6,467-11.1%

$5,631+2.1%

$6,689-14.0%

Admin fee / account holder

$11,108

$19,275-42.4%

$15,885-30.1%

$13,390-17.0%

MARTIN SCOTT DO & ASSOCIATES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARTIN SCOTT DO & ASSOCIATES 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