Retirement plan

NORTHCOAST DERMATOLOGY ASSOCIATES, INC. PROFIT SHARING TRUST

Name: NORTHCOAST DERMATOLOGY ASSOCIATES, INC. - NORTHCOAST DERMATOLOGY ASSOCIATES, INC. PROFIT SHARING TRUST (2020) Form 5500
Creator: NORTHCOAST DERMATOLOGY ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHCOAST DERMATOLOGY ASSOCIATES, INC. PROFIT SHARING TRUST, NORTHCOAST DERMATOLOGY ASSOCIATES, INC.

NORTHCOAST DERMATOLOGY ASSOCIATES, INC.EIN 34-1834531Plan #001PY 2020

6701 ROCKSIDE ROAD #330 - INDEPENDENCE, OH 44131216-524-4009northcoastdermatology.comLinkedIn11-50 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.8M

-13.2% from 2019

Total participants

-10.0% from 2019

Average account balance

$212,286

-3.6% from 2019

Annual return

7.16%

-14.05 pp from 2019

Benchmarks

See 102,098 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,098 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.45M

Not enough data

1 years with asset history on file

Average account balance

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

$307K

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.

140.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$280K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+15.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$875

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

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

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 codes2E2T2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

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

$1.1M

$81075 / participant

Other / not subdivided$1M100.0%

% of EOY assets

29.705%

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: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$212,286

$209,425+1.4%

$178,499+18.9%

$158,966+33.5%

Participation rate

100.0%

86.4%+13.6pp

81.9%+18.1pp

82.0%+18.0pp

Annual return

7.16%

188.80%-181.6pp

151.10%-143.9pp

302.95%-295.8pp

Employer contribution / active EE

$8,831

$5,707+54.7%

$5,011+76.2%

$4,762+85.4%

Participant deferral / active EE

$8,142

$5,955+36.7%

$5,202+56.5%

$5,983+36.1%

Admin fee / account holder

$63,059

$17,078+269.2%

$13,986+350.9%

$11,250+460.5%

NORTHCOAST DERMATOLOGY ASSOCIATES, INC. PROFIT SHARING TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHCOAST DERMATOLOGY ASSOCIATES, INC. PROFIT SHARING TRUST

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