Retirement plan

NORTHEAST DERMATOLOGY & COSMETIC SURGERY CENTER 401(K) PROFIT SHARING PLAN

Name: NORTHEAST DERMATOLOGY & COSMETIC SURGERY CENTER - NORTHEAST DERMATOLOGY & COSMETIC SURGERY CENTER 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: NORTHEAST DERMATOLOGY & COSMETIC SURGERY CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHEAST DERMATOLOGY & COSMETIC SURGERY CENTER 401(K) PROFIT SHARING PLAN, NORTHEAST DERMATOLOGY & COSMETIC SURGERY CENTER

NORTHEAST DERMATOLOGY & COSMETIC SURGERY CENTEREIN 42-1594954Plan #001PY 2017

925 N HAMILTON ROAD, SUITE 100 - COLUMBUS, OH 43230614-473-9519nederm.comLinkedIn11-50 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$234K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2M

+21.9% from 2016

Total participants

+23.1% from 2016

Average account balance

$42,715

+1.1% from 2016

Annual return

15.38%

+4.66 pp from 2016

Benchmarks

See 17,855 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,855 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.82M

Not enough data

1 years with asset history on file

Average account balance

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

$94K

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.

269.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$432K

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

+9.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2475

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 codes2E2F2G2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

$56K

$1334 / participant

Other / not subdivided$56K100.0%

% of EOY assets

2.791%

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

$42,715

$84,233-49.3%

$170,436-74.9%

$70,131-39.1%

Participation rate

97.6%

70.8%+26.8pp

83.6%+14.0pp

69.5%+28.1pp

Annual return

15.38%

23.06%-7.7pp

205.94%-190.6pp

73.14%-57.8pp

Employer contribution / active EE

$2,508

$3,387-25.9%

$5,433-53.8%

$2,342+7.1%

Participant deferral / active EE

$2,110

$3,086-31.6%

$4,939-57.3%

$3,332-36.7%

Admin fee / account holder

$1,192

$5,698-79.1%

$13,880-91.4%

$4,645-74.3%

NORTHEAST DERMATOLOGY & COSMETIC SURGERY CENTER 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHEAST DERMATOLOGY & COSMETIC SURGERY CENTER 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