Retirement plan

SURGICAL DERMATOLOGY ASSOCIATES OF DENTON, P. A. 401(K) PROFIT SHARING PLAN

Name: SURGICAL DERMATOLOGY ASSOCIATES OF DENTON, P.A. - SURGICAL DERMATOLOGY ASSOCIATES OF DENTON, P. A. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: SURGICAL DERMATOLOGY ASSOCIATES OF DENTON, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SURGICAL DERMATOLOGY ASSOCIATES OF DENTON, P. A. 401(K) PROFIT SHARING PLAN, SURGICAL DERMATOLOGY ASSOCIATES OF DENTON, P.A.

SURGICAL DERMATOLOGY ASSOCIATES OF DENTON, P.A.EIN 26-4166400Plan #002PY 2022

4851 SOUTH I-35E, STE 101 - CORINTH, TX 76210940-591-0900LinkedIn1-10 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.1M

-8.8% from 2021

Total participants

+18.2% from 2021

Average account balance

$160,359

-22.9% from 2021

Annual return

-16.17%

-30.48 pp from 2021

Benchmarks

See 351 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Cohort351 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$3.79M

Not enough data

1 years with asset history on file

Average account balance

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

$316K

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.

120.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$235K

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

+13.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$828

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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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 codes2E2G2J3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$25K

Other / not subdivided$25K100.0%

% of EOY assets

1.210%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$160,359

$215,321-25.5%

$143,757+11.5%

Participation rate

0.0%

60.1%-60.1pp

80.3%-80.3pp

Annual return

-16.17%

-15.45%-0.7pp

-0.04%-16.1pp

Employer contribution / active EE

$1,875-100.0%

$4,951-100.0%

Participant deferral / active EE

$2,485-100.0%

$5,637-100.0%

Admin fee / account holder

$1,940

$36,394-94.7%

$14,673-86.8%

SURGICAL DERMATOLOGY ASSOCIATES OF DENTON, P. A. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SURGICAL DERMATOLOGY ASSOCIATES OF DENTON, P. A. 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