Retirement plan

DIGESTIVE SPECIALIST, INC./DIGESTIVE ENDOSCOPY CENTER, LLC 401(K) PROFIT SHARING PLAN

Name: DIGESTIVE SPECIALISTS, INC. - DIGESTIVE SPECIALIST, INC./DIGESTIVE ENDOSCOPY CENTER, LLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: DIGESTIVE SPECIALISTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DIGESTIVE SPECIALIST, INC./DIGESTIVE ENDOSCOPY CENTER, LLC 401(K) PROFIT SHARING PLAN, DIGESTIVE SPECIALISTS, INC.

DIGESTIVE SPECIALISTS, INC.EIN 31-0785715Plan #002PY 2022

4340 CLYO ROAD - DAYTON, OH 45459937-396-2620digestivespecialists.comLinkedIn201-500 employeesmedical practice

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$27.7M

-28.2% from 2021

Total participants

192

-4.0% from 2021

Average account balance

$144,237

-25.2% from 2021

Annual return

-18.55%

-33.84 pp from 2021

Benchmarks

See 5,349 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,349 peers

Snapshot2022

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 27 · EIN 26-4310632 1 NEW YORK PLAZA · NEW YORK, NY 10004	Advisory (Plan)	$78,059
MATRIX TRUST COMPANY4 years Service code 19 · EIN 75-3182674 717 17TH STREET, SUITE 1300 · DENVER, CO 80202	Securities Custodian	$13,504
DYNAMIC PENSION SERVICES, INC.3 years Service code 13 · EIN 31-1585572 2176 HEWITT AVENUE, STE A · KETTERING, OH 45440	Contract Administrator	$12,912
EPIC RETIREMENT PLAN SERVICES4 years Filed as: MWG RETIREMENT PLAN SERVICES, LLC Service code 64 · EIN 72-1396518 P.O. BOX 16728 · JACKSON, MS 39236	Recordkeeping Fees	$6,993

Plan features & details

Pension benefit codes2A2E2F2G2J3D3H

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$111K

$785 / participant

Investment mgmt$78K70.0%
Contract admin$28K25.0%
Other / not subdivided$6K5.0%

% of EOY assets

0.403%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SKELLEY & COMPANY
Auditor EIN: 311449760
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$144,237

$65,092+121.6%

$143,799+0.3%

$66,938+115.5%

Participation rate

100.0%

65.2%+34.8pp

80.3%+19.7pp

69.8%+30.2pp

Annual return

-18.55%

-11.14%-7.4pp

-0.04%-18.5pp

1.58%-20.1pp

Employer contribution / active EE

$5,913

$2,362+150.4%

$4,952+19.4%

$2,545+132.3%

Participant deferral / active EE

$4,364

$2,920+49.4%

$5,638-22.6%

$4,238+3.0%

Admin fee / account holder

$581

$502+15.6%

$14,677-96.0%

$594-2.2%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY4 years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 27 · EIN 26-4310632

1 NEW YORK PLAZA · NEW YORK, NY 10004

Advisory (Plan)

$78,059

MATRIX TRUST COMPANY4 years

Service code 19 · EIN 75-3182674

717 17TH STREET, SUITE 1300 · DENVER, CO 80202

Securities Custodian

$13,504

DYNAMIC PENSION SERVICES, INC.3 years

Service code 13 · EIN 31-1585572

2176 HEWITT AVENUE, STE A · KETTERING, OH 45440

Contract Administrator

$12,912

EPIC RETIREMENT PLAN SERVICES4 years

Filed as: MWG RETIREMENT PLAN SERVICES, LLC

Service code 64 · EIN 72-1396518

P.O. BOX 16728 · JACKSON, MS 39236

Recordkeeping Fees

$6,993

DIGESTIVE SPECIALIST, INC./DIGESTIVE ENDOSCOPY CENTER, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DIGESTIVE SPECIALIST, INC./DIGESTIVE ENDOSCOPY CENTER, LLC 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