Retirement plan

BREVARD PHYSICIAN ASSOCIATES, 401(K) PROFIT SHARING PLAN

Name: BREVARD PHYSICIAN ASSOCIATES, PLLC - BREVARD PHYSICIAN ASSOCIATES, 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: BREVARD PHYSICIAN ASSOCIATES, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BREVARD PHYSICIAN ASSOCIATES, 401(K) PROFIT SHARING PLAN, BREVARD PHYSICIAN ASSOCIATES, PLLC

BREVARD PHYSICIAN ASSOCIATES, PLLCEIN 46-2439952Plan #002PY 2022

1775 W HIBISCUS BLVD, SUITE, 215 - MELBORNE, FL 32901321-837-3832bpadocs.comLinkedIn201-500 employeeshospital & health care

Other plans on this EIN

1 filing

#003Retirement-$11.4M assets

Prospect flagsHigh cashHigh assets / participant

How to read this page

Total assets (EOY)

$77.6M

-18.4% from 2021

Total participants

335

+6.7% from 2021

Average account balance

$253,744

-20.5% from 2021

Annual return

-16.44%

-32.75 pp from 2021

Benchmarks

See 5,345 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,345 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$120.79M

Not enough data

1 years with asset history on file

Average account balance

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

$338K

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.

357

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.

87.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.98M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+21.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
FID INV INST OPS CO6 years Service code 37 · EIN 04-2647786	Loan Processing	$1,875
FID INV INST OPS CO5 years Filed as: FID INV INSTL OPS CO Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D3H

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.
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.
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

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$2K

$7 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.002%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARR, RIGGS & INGRAM
Auditor EIN: 721396621
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$253,744

$65,125+289.6%

$143,797+76.5%

$66,949+279.0%

Participation rate

87.1%

65.2%+21.9pp

80.3%+6.7pp

69.8%+17.2pp

Annual return

-16.44%

-11.13%-5.3pp

-0.04%-16.4pp

1.57%-18.0pp

Employer contribution / active EE

$18,356

$2,362+677.0%

$4,952+270.7%

$2,545+621.1%

Participant deferral / active EE

$13,171

$2,920+351.0%

$5,638+133.6%

$4,239+210.7%

Admin fee / account holder

$503-98.9%

$14,679-100.0%

$594-99.1%

Provider

Service type

Compensation

FID INV INST OPS CO6 years

Service code 37 · EIN 04-2647786

Loan Processing

$1,875

FID INV INST OPS CO5 years

Filed as: FID INV INSTL OPS CO

Service code 60

Sub-TA Fees

BREVARD PHYSICIAN ASSOCIATES, 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BREVARD PHYSICIAN ASSOCIATES, 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