Retirement plan

FLORIDA DIGESTIVE HEALTH SPECIALISTS, LLP 401(K) PLAN

Name: FLORIDA DIGESTIVE HEALTH SPECIALISTS, LLP - FLORIDA DIGESTIVE HEALTH SPECIALISTS, LLP 401(K) PLAN (2024) Form 5500
Creator: FLORIDA DIGESTIVE HEALTH SPECIALISTS, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLORIDA DIGESTIVE HEALTH SPECIALISTS, LLP 401(K) PLAN, FLORIDA DIGESTIVE HEALTH SPECIALISTS, LLP

FLORIDA DIGESTIVE HEALTH SPECIALISTS, LLPEIN 27-0709861Plan #001PY 2024

10920 TECHNOLOGY TERRACE - LAKEWOOD RANCH, FL 34211941-757-4814fdhs.comLinkedIn201-500 employeeshospital & health care

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$35.1M

+2.8% from 2023

Total participants

369

+13.2% from 2023

Average account balance

$96,295

-12.7% from 2023

Annual return

12.77%

-4.48 pp from 2023

Benchmarks

See 6,019 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,019 peers

Snapshot2024

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$35.05M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

364

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.

98.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.45M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+12.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$233

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

1 years with F_SCH_H allocation on file

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY7 years Service code 13 · EIN 42-0127290	Contract Administrator	$37,377
THE VANGUARD GROUP, INC.1 year Service code 15 · EIN 23-1945930	Recordkeeping	$21,949
PDR CPAS ADVISORS1 year Filed as: PDR CPAS & ADVISORS Service code 10 4023 TAMPA RD · OLDSMAR, FL 34677	Accounting	$13,808
KOVACK SECURITIES INC1 year Filed as: KOVACK ADVISORS INC Service code 27 · EIN 20-0981614	Advisory (Plan)	$7,452

Plan features & details

Pension benefit codes2A2E3D2G2J2R2F2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$85K

$345 / participant

Investment mgmt$12K13.8%
Contract admin$59K70.0%
Other / not subdivided$14K16.3%

% of EOY assets

0.242%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: PDR CPAS + ADVISORS
Auditor EIN: 591687531
Audit fees: $13,808
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$96,295

$55,472+73.6%

$155,567-38.1%

$74,546+29.2%

Participation rate

98.0%

61.9%+36.1pp

78.2%+19.8pp

67.2%+30.8pp

Annual return

12.77%

268.72%-255.9pp

64.74%-52.0pp

1366.03%-1353.3pp

Employer contribution / active EE

$8,638

$2,269+280.7%

$4,674+84.8%

$2,624+229.2%

Participant deferral / active EE

$5,369

$2,838+89.2%

$5,628-4.6%

$4,347+23.5%

Admin fee / account holder

$233

$1,743-86.6%

$15,916-98.5%

$1,944-88.0%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY7 years

Service code 13 · EIN 42-0127290

Contract Administrator

$37,377

THE VANGUARD GROUP, INC.1 year

Service code 15 · EIN 23-1945930

Recordkeeping

$21,949

PDR CPAS ADVISORS1 year

Filed as: PDR CPAS & ADVISORS

Service code 10

4023 TAMPA RD · OLDSMAR, FL 34677

Accounting

$13,808

KOVACK SECURITIES INC1 year

Filed as: KOVACK ADVISORS INC

Service code 27 · EIN 20-0981614

Advisory (Plan)

$7,452

FLORIDA DIGESTIVE HEALTH SPECIALISTS, LLP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLORIDA DIGESTIVE HEALTH SPECIALISTS, LLP 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