Retirement plan

GASTROENTEROLOGY SPECIALTIES, P.C.SAFE HARBOR 401(K) PROFIT SHARING PLAN

Name: GASTROENTEROLOGY SPECIALTIES, P.C. - GASTROENTEROLOGY SPECIALTIES, P.C.SAFE HARBOR 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: GASTROENTEROLOGY SPECIALTIES, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GASTROENTEROLOGY SPECIALTIES, P.C.SAFE HARBOR 401(K) PROFIT SHARING PLAN, GASTROENTEROLOGY SPECIALTIES, P.C.

GASTROENTEROLOGY SPECIALTIES, P.C.EIN 47-0717686Plan #003PY 2023

4545 R STREET - LINCOLN, NE 68503402-464-4545gidocs.netLinkedIn51-200 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$38.2M

+23.3% from 2022

Total participants

159

+12.0% from 2022

Average account balance

$240,204

+10.1% from 2022

Annual return

17.05%

+31.39 pp from 2022

Benchmarks

See 5,719 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,719 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$52.63M

Not enough data

1 years with asset history on file

Average account balance

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

$266K

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.

198

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.71M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+16.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$500

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

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
DA DAVIDSON & CO3 years Service code 27 8 THIRD STREET NORTH · GREAT FALLS, MT 59401	Advisory (Plan)	$20,614
AMERICAN FUNDS3 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$12,935
ASCENSUS LLC3 years Filed as: PENSION ADMINISTRATORS LLC Service code 13 18033 OAK ST · OMAHA, NE 68130	Contract Administrator	$1,794
CHARLES SCHWAB & CO., INC.5 years Filed as: CHARLES SCHWAB Service code 51	Investment Mgmt Fees	$0
ELKHORN PARTNERS LIMITED PARTNERSHI5 years Service code 51 · EIN 47-0721875	Investment Mgmt Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL5 years Filed as: FIDELITY BROKERAGE SERVICES LLC Service code 51	Investment Mgmt Fees	$0
WELLS FARGO BANK, N.A.5 years Filed as: WELLS FARGO ADVISORS Service code 51	Investment Mgmt Fees	$0

Plan features & details

Pension benefit codes2A2E2G2J2K2R3D

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.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

$79K

$652 / participant

Salaries / allowances$79K100.0%

% of EOY assets

0.207%

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: RYAN + MANN LLC
Auditor EIN: 921104525
Audit fees: $0
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$240,204

$61,272+292.0%

$149,673+60.5%

$71,457+236.1%

Participation rate

100.0%

62.5%+37.5pp

78.8%+21.2pp

67.9%+32.1pp

Annual return

17.05%

35.85%-18.8pp

134.42%-117.4pp

28.85%-11.8pp

Employer contribution / active EE

$11,650

$2,378+389.8%

$4,818+141.8%

$2,588+350.2%

Participant deferral / active EE

$5,904

$2,917+102.4%

$5,680+3.9%

$4,289+37.7%

Admin fee / account holder

$496

$1,261-60.6%

$13,210-96.2%

$1,587-68.7%

Provider

Service type

Compensation

DA DAVIDSON & CO3 years

Service code 27

8 THIRD STREET NORTH · GREAT FALLS, MT 59401

Advisory (Plan)

$20,614

AMERICAN FUNDS3 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$12,935

ASCENSUS LLC3 years

Filed as: PENSION ADMINISTRATORS LLC

Service code 13

18033 OAK ST · OMAHA, NE 68130

Contract Administrator

$1,794

CHARLES SCHWAB & CO., INC.5 years

Filed as: CHARLES SCHWAB

Service code 51

Investment Mgmt Fees

ELKHORN PARTNERS LIMITED PARTNERSHI5 years

Service code 51 · EIN 47-0721875

Investment Mgmt Fees

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Filed as: FIDELITY BROKERAGE SERVICES LLC

Service code 51

Investment Mgmt Fees

WELLS FARGO BANK, N.A.5 years

Filed as: WELLS FARGO ADVISORS

Service code 51

Investment Mgmt Fees

GASTROENTEROLOGY SPECIALTIES, P.C.SAFE HARBOR 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GASTROENTEROLOGY SPECIALTIES, P.C.SAFE HARBOR 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