Retirement plan

FAMILY MEDICINE ASSOCIATES OF NATCHEZ, PLLC 401-K PLAN

Name: FAMILY MEDICINE ASSOCIATES OF NATCHEZ, PLLC - FAMILY MEDICINE ASSOCIATES OF NATCHEZ, PLLC 401-K PLAN (2016) Form 5500
Creator: FAMILY MEDICINE ASSOCIATES OF NATCHEZ, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAMILY MEDICINE ASSOCIATES OF NATCHEZ, PLLC 401-K PLAN, FAMILY MEDICINE ASSOCIATES OF NATCHEZ, PLLC

FAMILY MEDICINE ASSOCIATES OF NATCHEZ, PLLCEIN 26-2970094Plan #001PY 2016

P. O. BOX 19143, SUITE 203 - NATCHEZ, MS 391221914601-445-7773familymedicineofnatchez.comLinkedIn1-10 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$470K

-30.5% from 2015

Total participants

+11.1% from 2015

Average account balance

$52,219

-30.5% from 2015

Annual return

7.31%

+8.49 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

$1.39M

Not enough data

1 years with asset history on file

Average account balance

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

$174K

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

$68K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3768

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 codes2E2G2J2R2T3B

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

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

$321K

$45825 / participant

Other / not subdivided$321K100.0%

% of EOY assets

68.255%

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

$52,219

$181,896-71.3%

$156,551-66.6%

$273,972-80.9%

Participation rate

85.7%

88.4%-2.7pp

84.0%+1.7pp

83.0%+2.7pp

Annual return

7.31%

30.74%-23.4pp

32.23%-24.9pp

41.46%-34.1pp

Employer contribution / active EE

$1,514

$6,248-75.8%

$5,501-72.5%

$4,869-68.9%

Participant deferral / active EE

$7,692

$5,550+38.6%

$4,871+57.9%

$5,287+45.5%

Admin fee / account holder

$35,642

$15,560+129.1%

$13,028+173.6%

$10,133+251.8%

FAMILY MEDICINE ASSOCIATES OF NATCHEZ, PLLC 401-K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAMILY MEDICINE ASSOCIATES OF NATCHEZ, PLLC 401-K 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