Retirement plan

NORTHCOAST DERMATOLOGY ASSOCIATES, INC. PROFIT SHARING TRUST

Name: NORTHCOAST DERMATOLOGY ASSOCIATES, INC. - NORTHCOAST DERMATOLOGY ASSOCIATES, INC. PROFIT SHARING TRUST (2024) 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 2024

ONE INDEPENDENCE PLACE, 4807 ROCKSIDE ROAD, SUITE 100 - INDEPENDENCE, OH 44131216-524-4009northcoastdermatology.comLinkedIn11-50 employeesmedical practice

Prospect flagsHigh feesHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$5.3M

+13.1% from 2023

Total participants

0.0% from 2023

Average account balance

$266,158

+13.1% from 2023

Annual return

9.42%

-4.74 pp from 2023

Benchmarks

See 109,510 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,510 peers

Snapshot2024

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 codes2E2T2J3D2F

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).
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$110K

$6473 / participant

Other / not subdivided$110K100.0%

% of EOY assets

2.067%

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

$266,158

$183,627+44.9%

$155,602+71.1%

$145,978+82.3%

Participation rate

94.1%

82.7%+11.4pp

78.2%+15.9pp

80.3%+13.8pp

Annual return

9.42%

61.32%-51.9pp

64.81%-55.4pp

550.52%-541.1pp

Employer contribution / active EE

$9,020

$5,316+69.7%

$4,675+92.9%

$4,662+93.5%

Participant deferral / active EE

$7,723

$6,466+19.4%

$5,629+37.2%

$6,690+15.4%

Admin fee / account holder

$5,502

$19,327-71.5%

$15,923-65.4%

$13,400-58.9%

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