Retirement plan

SOUTH BELLMORE VETERINARY GROUP 401K PSP

Name: SOUTH BELLMORE VETERINARY GROUP - SOUTH BELLMORE VETERINARY GROUP 401K PSP (2022) Form 5500
Creator: SOUTH BELLMORE VETERINARY GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTH BELLMORE VETERINARY GROUP 401K PSP, SOUTH BELLMORE VETERINARY GROUP

SOUTH BELLMORE VETERINARY GROUPEIN 45-0487132Plan #002PY 2022

2506 MERRICK ROAD - BELLMORE, NY 11710718-783-9100southbellmoreveterinarygroup.comLinkedIn1-10 employeesveterinary

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.6M

-14.2% from 2021

Total participants

-3.3% from 2021

Average account balance

$69,574

-14.2% from 2021

Annual return

-17.31%

-42.77 pp from 2021

Benchmarks

See 133,872 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort133,872 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.26M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

162.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$97K

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

+16.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3288

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 codes2E2J2H3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$6K

$578 / participant

Other / not subdivided$6K100.0%

% of EOY assets

0.397%

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

$69,574

$138,102-49.6%

$125,381-44.5%

$134,532-48.3%

Participation rate

45.5%

84.5%-39.0pp

82.4%-36.9pp

81.2%-35.8pp

Annual return

-17.31%

750.73%-768.0pp

572.31%-589.6pp

418.27%-435.6pp

Employer contribution / active EE

$1,281

$5,245-75.6%

$4,815-73.4%

$4,741-73.0%

Participant deferral / active EE

$3,977

$7,801-49.0%

$7,448-46.6%

$6,401-37.9%

Admin fee / account holder

$276

$11,568-97.6%

$10,007-97.2%

$11,429-97.6%

SOUTH BELLMORE VETERINARY GROUP 401K PSP

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTH BELLMORE VETERINARY GROUP 401K PSP

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