Retirement plan

ELWOOD FAMILY MEDICINE, P.C. PROFIT SHARING/401(K) PLAN

Name: ELWOOD FAMILY MEDICINE, P.C. - ELWOOD FAMILY MEDICINE, P.C. PROFIT SHARING/401(K) PLAN (2018) Form 5500
Creator: ELWOOD FAMILY MEDICINE, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ELWOOD FAMILY MEDICINE, P.C. PROFIT SHARING/401(K) PLAN, ELWOOD FAMILY MEDICINE, P.C.

ELWOOD FAMILY MEDICINE, P.C.EIN 35-1872267Plan #001PY 2018

1520 SOUTH R. STREET, PO BOX 474 - ELWOOD, IN 46036765-552-7316LinkedIn11-50 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$787K

+0.2% from 2017

Total participants

-10.0% from 2017

Average account balance

$112,407

+14.5% from 2017

Annual return

-2.53%

-21.91 pp from 2017

Benchmarks

See 105,561 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,561 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.96M

Not enough data

1 years with asset history on file

Average account balance

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

$218K

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.

75.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$69K

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

+9.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1533

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 codes2E2G2J3D2T

Plan features

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.
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

$7K

$791 / participant

Other / not subdivided$7K100.0%

% of EOY assets

0.905%

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

$112,407

$180,462-37.7%

$154,111-27.1%

$135,379-17.0%

Participation rate

77.8%

87.4%-9.6pp

83.0%-5.3pp

82.6%-4.9pp

Annual return

-2.53%

888.17%-890.7pp

735.18%-737.7pp

519.79%-522.3pp

Employer contribution / active EE

$6,036-100.0%

$5,298-100.0%

$4,779-100.0%

Participant deferral / active EE

$2,449

$5,806-57.8%

$5,081-51.8%

$5,609-56.3%

Admin fee / account holder

$1,017

$16,145-93.7%

$13,411-92.4%

$10,828-90.6%

ELWOOD FAMILY MEDICINE, P.C. PROFIT SHARING/401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ELWOOD FAMILY MEDICINE, P.C. PROFIT SHARING/401(K) 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