Retirement plan

GEORGIA DERMATOLOGY & SKIN CANCER CENTER, LLC 401(K) PROFIT SHARING PLAN

Name: GEORGIA DERMATOLOGY & SKIN CANCER CENTER, LLC - GEORGIA DERMATOLOGY & SKIN CANCER CENTER, LLC 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: GEORGIA DERMATOLOGY & SKIN CANCER CENTER, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GEORGIA DERMATOLOGY & SKIN CANCER CENTER, LLC 401(K) PROFIT SHARING PLAN, GEORGIA DERMATOLOGY & SKIN CANCER CENTER, LLC

GEORGIA DERMATOLOGY & SKIN CANCER CENTER, LLCEIN 31-1838862Plan #001PY 2023

2400 BELLEVUE ROAD SUITE 21A - DUBLIN, GA 31021478-275-7202gaderm.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$12.2M

+22.9% from 2022

Total participants

187

+3.3% from 2022

Average account balance

$101,383

+19.8% from 2022

Annual return

13.86%

+29.07 pp from 2022

Benchmarks

See 5,710 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,710 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.94M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

136

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.

62.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+9.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$624

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 3 by compensation

Provider	Service type	Compensation
PCS RETIREMENT, LLC2 years Filed as: PCS RETIREMENT Service code 14 4010 BOY SCOUT BLVD · TAMPA, FL 33607	Plan Administrator	$30,194
CAPITAL CITY INVESTMENTS5 years Service code 26 1301 METROPOLITAN BOULEVARD · TALLAHASSEE, FL 32308	Advisory (Participants)	$28,003
BPAS5 years Filed as: BPAS (TPA-GR) Service code 27 3501 MASONS MILL ROAD · HUNTINGDON VALLEY, PA 19006	Advisory (Plan)	$14,126

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

Plan features

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.
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$72K

$416 / participant

Recordkeeping$4K5.9%
Trustee / custodial$12K16.3%
Investment mgmt$42K58.3%
Contract admin$12K16.3%
Other / not subdivided$2K3.2%

% of EOY assets

0.594%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CEDAR HILL CPAS AND ADVISORS, LLC
Auditor EIN: 844103551
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$101,383

$61,338+65.3%

$149,717-32.3%

$71,495+41.8%

Participation rate

61.5%

62.5%-1.0pp

78.8%-17.3pp

67.9%-6.4pp

Annual return

13.86%

35.86%-22.0pp

134.41%-120.5pp

28.85%-15.0pp

Employer contribution / active EE

$2,296

$2,381-3.6%

$4,820-52.4%

$2,589-11.3%

Participant deferral / active EE

$3,679

$2,919+26.0%

$5,682-35.2%

$4,291-14.3%

Admin fee / account holder

$603

$1,263-52.3%

$13,213-95.4%

$1,588-62.0%

Provider

Service type

Compensation

PCS RETIREMENT, LLC2 years

Filed as: PCS RETIREMENT

Service code 14

4010 BOY SCOUT BLVD · TAMPA, FL 33607

Plan Administrator

$30,194

CAPITAL CITY INVESTMENTS5 years

Service code 26

1301 METROPOLITAN BOULEVARD · TALLAHASSEE, FL 32308

Advisory (Participants)

$28,003

BPAS5 years

Filed as: BPAS (TPA-GR)

Service code 27

3501 MASONS MILL ROAD · HUNTINGDON VALLEY, PA 19006

Advisory (Plan)

$14,126

GEORGIA DERMATOLOGY & SKIN CANCER CENTER, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GEORGIA DERMATOLOGY & SKIN CANCER 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