Retirement plan

GREAT LAKES FAMILY CHIROPRACTIC CENTER, P.C. 401(K) PROFIT SHARING PLAN

Name: GREAT LAKES FAMILY CHIROPRACTIC CENTER, P.C. - GREAT LAKES FAMILY CHIROPRACTIC CENTER, P.C. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: GREAT LAKES FAMILY CHIROPRACTIC CENTER, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREAT LAKES FAMILY CHIROPRACTIC CENTER, P.C. 401(K) PROFIT SHARING PLAN, GREAT LAKES FAMILY CHIROPRACTIC CENTER, P.C.

GREAT LAKES FAMILY CHIROPRACTIC CENTER, P.C.EIN 25-1778918Plan #001PY 2016

1009 EAST 38TH STREET - ERIE, PA 16504814-824-6442

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$472K

No prior year

Total participants

No prior year

Average account balance

$78,743

No prior year

Annual return

8.42%

No prior year

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

$1.92M

Not enough data

1 years with asset history on file

Average account balance

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

$384K

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.

71.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$71K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2364

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 codes2E2F2J2T3D

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).
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$78,743

$181,896-56.7%

$156,551-49.7%

$273,972-71.3%

Participation rate

80.0%

88.4%-8.4pp

84.0%-4.0pp

83.0%-3.0pp

Annual return

8.42%

30.74%-22.3pp

32.23%-23.8pp

41.46%-33.0pp

Employer contribution / active EE

$8,982

$6,248+43.8%

$5,501+63.3%

$4,869+84.5%

Participant deferral / active EE

$8,808

$5,550+58.7%

$4,871+80.8%

$5,287+66.6%

Admin fee / account holder

$15,560-100.0%

$13,028-100.0%

$10,133-100.0%

GREAT LAKES FAMILY CHIROPRACTIC CENTER, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

GREAT LAKES FAMILY CHIROPRACTIC CENTER, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion