Retirement plan

OB/GYN SPECIALISTS OF THE PALM BEACHES II, LLC, 401(K) PROFIT SHARING PLAN AND TRUST

Name: OB/GYN SPECIALISTS OF THE PALM BEACHES II, LLC - OB/GYN SPECIALISTS OF THE PALM BEACHES II, LLC, 401(K) PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: OB/GYN SPECIALISTS OF THE PALM BEACHES II, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OB/GYN SPECIALISTS OF THE PALM BEACHES II, LLC, 401(K) PROFIT SHARING PLAN AND TRUST, OB/GYN SPECIALISTS OF THE PALM BEACHES II, LLC

OB/GYN SPECIALISTS OF THE PALM BEACHES II, LLCEIN 38-4055153Plan #003PY 2024

1501 YAMATO ROAD, SUITE 200 WEST - BOCA RATON, FL 33431561-275-7598

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$40.3M

+12.2% from 2023

Total participants

284

+2.5% from 2023

Average account balance

$142,313

+8.7% from 2023

Annual return

15.26%

-2.41 pp from 2023

Benchmarks

See 6,026 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,026 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$48.36M

Not enough data

1 years with asset history on file

Average account balance

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

$163K

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.

296

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.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+16.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$379

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

See the 7-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE CO OF AM Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD, CO 80111	Recordkeeping Fees	$119,837
SECURITIES AMERICA INC5 years Service code 55 12325 PORT GRACE BLVD · LA VISTA, NE 68103	Other Commissions	$25,699
OSAIC WEALTH INC1 year Filed as: OSAIC WEALTH INC. Service code 55 10 EXCHANGE PLACE STE 1410 · JERSEY CITY, NJ 07302	Other Commissions	$23,953
BARRY MARTZAHL 401K INVEST CONSULT2 years Filed as: BARRY MAX LEVY & ASSOCIATES INC Service code 13	Contract Administrator	$10,000
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$4,329
BARRY MARTZAHL 401K INVEST CONSULT2 years Filed as: BARRY MAX LEVY & ASSOCIATES Service code 13 2890 W STATE ROAD 84, SUITE 118 · FT. LAUDERDALE, FL 33312	Contract Administrator	$0

Plan features & details

Pension benefit codes2A2E2J2F2G3D3H

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

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

$99K

$449 / participant

Investment mgmt$99K100.0%

% of EOY assets

0.245%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: METZ CPA, PLLC
Auditor EIN: 464558541
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$142,313

$55,415+156.8%

$155,509-8.5%

$74,495+91.0%

Participation rate

99.5%

61.9%+37.6pp

78.2%+21.4pp

67.2%+32.3pp

Annual return

15.26%

268.50%-253.2pp

64.67%-49.4pp

1364.94%-1349.7pp

Employer contribution / active EE

$6,056

$2,267+167.1%

$4,672+29.6%

$2,623+130.9%

Participant deferral / active EE

$4,965

$2,836+75.1%

$5,626-11.7%

$4,346+14.3%

Admin fee / account holder

$349

$1,738-79.9%

$15,912-97.8%

$1,942-82.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE CO OF AM

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD, CO 80111

Recordkeeping Fees

$119,837

SECURITIES AMERICA INC5 years

Service code 55

12325 PORT GRACE BLVD · LA VISTA, NE 68103

Other Commissions

$25,699

OSAIC WEALTH INC1 year

Filed as: OSAIC WEALTH INC.

Service code 55

10 EXCHANGE PLACE STE 1410 · JERSEY CITY, NJ 07302

Other Commissions

$23,953

BARRY MARTZAHL 401K INVEST CONSULT2 years

Filed as: BARRY MAX LEVY & ASSOCIATES INC

Service code 13

Contract Administrator

$10,000

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$4,329

BARRY MARTZAHL 401K INVEST CONSULT2 years

Filed as: BARRY MAX LEVY & ASSOCIATES

Service code 13

2890 W STATE ROAD 84, SUITE 118 · FT. LAUDERDALE, FL 33312

Contract Administrator

OB/GYN SPECIALISTS OF THE PALM BEACHES II, LLC, 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OB/GYN SPECIALISTS OF THE PALM BEACHES II, LLC, 401(K) PROFIT SHARING PLAN AND 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