Retirement plan

DIGESTIVE SPECIALIST, INC. 401K PROFIT SHARING PLAN

Name: DIGESTIVE SPECIALISTS, INC. - DIGESTIVE SPECIALIST, INC. 401K PROFIT SHARING PLAN (2015) Form 5500
Creator: DIGESTIVE SPECIALISTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DIGESTIVE SPECIALIST, INC. 401K PROFIT SHARING PLAN, DIGESTIVE SPECIALISTS, INC.

DIGESTIVE SPECIALISTS, INC.EIN 31-0785715Plan #002PY 2015

999 BRUBAKER DR. STE. 1 - KETTERING, OH 45429937-396-2620digestivespecialists.comLinkedIn201-500 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$12.9M

No prior year

Total participants

123

No prior year

Average account balance

$104,883

No prior year

Annual return

-0.66%

No prior year

Benchmarks

See 15,767 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort15,767 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$38.14M

Not enough data

1 years with asset history on file

Average account balance

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

$212K

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.

180

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.32M

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

+15.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$483

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY Service code 27 · EIN 13-2919773	Advisory (Plan)	$30,176
LT TRUST COMPANY1+ years Filed as: MG TRUST Service code 19 · EIN 01-0609808	Securities Custodian	$23,105
GENERAL PENSION PLANNING1+ years Service code 13 · EIN 31-0737427	Contract Administrator	$7,957
DYNAMIC PENSION SERVICES, INC.1+ years Filed as: DYNAMIC PENSION SERVICES, INC Service code 15 · EIN 31-1585572	Recordkeeping	$5,885

Plan features & details

Pension benefit codes2A2E2G2J2K3D

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.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

$74K

$849 / participant

Contract admin$33K44.4%
Other / not subdivided$41K55.6%

% of EOY assets

0.573%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SKELLY & COMPANY
Auditor EIN: 311449760
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$104,883

$75,832+38.3%

$147,617-28.9%

$59,633+75.9%

Participation rate

100.0%

71.6%+28.4pp

84.6%+15.4pp

68.7%+31.3pp

Annual return

-0.66%

0.37%-1.0pp

61.98%-62.6pp

2041.45%-2042.1pp

Employer contribution / active EE

$6,425

$3,485+84.4%

$5,564+15.5%

$2,203+191.7%

Participant deferral / active EE

$4,425

$3,131+41.4%

$4,895-9.6%

$3,192+38.7%

Admin fee / account holder

$601

$5,986-90.0%

$11,612-94.8%

$4,297-86.0%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN STANLEY

Service code 27 · EIN 13-2919773

Advisory (Plan)

$30,176

LT TRUST COMPANY1+ years

Filed as: MG TRUST

Service code 19 · EIN 01-0609808

Securities Custodian

$23,105

GENERAL PENSION PLANNING1+ years

Service code 13 · EIN 31-0737427

Contract Administrator

$7,957

DYNAMIC PENSION SERVICES, INC.1+ years

Filed as: DYNAMIC PENSION SERVICES, INC

Service code 15 · EIN 31-1585572

Recordkeeping

$5,885

DIGESTIVE SPECIALIST, INC. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DIGESTIVE SPECIALIST, INC. 401K 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