Retirement plan

SPENCER MEDICAL SOLUTIONS SAFE HARBOR 401(K) PLAN

Name: SPENCER MEDICAL SOLUTIONS LLC - SPENCER MEDICAL SOLUTIONS SAFE HARBOR 401(K) PLAN (2021) Form 5500
Creator: SPENCER MEDICAL SOLUTIONS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SPENCER MEDICAL SOLUTIONS SAFE HARBOR 401(K) PLAN, SPENCER MEDICAL SOLUTIONS LLC

SPENCER MEDICAL SOLUTIONS LLCEIN 46-3534436Plan #001PY 2021

1401 CAMDEN HWY - SUMTER, SC 291531969803-316-5161spencermedicalsolutions.comLinkedIn11-50 employeesinsurance

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$125K

+49.2% from 2020

Total participants

0.0% from 2020

Average account balance

$62,594

+49.2% from 2020

Annual return

11.89%

-5.75 pp from 2020

Benchmarks

See 103,200 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort103,200 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$335K

Not enough data

1 years with asset history on file

Average account balance

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

$167K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$39K

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

+16.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2600

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 codes2J

Plan features

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.

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

$2K

$1050 / participant

Other / not subdivided$2K100.0%

% of EOY assets

1.677%

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

$62,594

$217,427-71.2%

$185,837-66.3%

$167,518-62.6%

Participation rate

100.0%

86.0%+14.0pp

81.7%+18.3pp

82.1%+17.9pp

Annual return

11.89%

148.39%-136.5pp

122.08%-110.2pp

478.71%-466.8pp

Employer contribution / active EE

$2,548

$5,874-56.6%

$5,168-50.7%

$4,838-47.3%

Participant deferral / active EE

$13,020

$6,357+104.8%

$5,568+133.8%

$6,342+105.3%

Admin fee / account holder

$1,050

$19,816-94.7%

$16,241-93.5%

$12,312-91.5%

SPENCER MEDICAL SOLUTIONS SAFE HARBOR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SPENCER MEDICAL SOLUTIONS SAFE HARBOR 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