Retirement plan

ALEX CITY INTERNAL MEDICINE & NEPHROLOGY PC 401(K) PROFIT SHARING PLAN

Name: ALEX CITY INTERN. MED. & NEPHROLOGY - ALEX CITY INTERNAL MEDICINE & NEPHROLOGY PC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: ALEX CITY INTERN. MED. & NEPHROLOGY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALEX CITY INTERNAL MEDICINE & NEPHROLOGY PC 401(K) PROFIT SHARING PLAN, ALEX CITY INTERN. MED. & NEPHROLOGY

ALEX CITY INTERN. MED. & NEPHROLOGYEIN 47-0923660Plan #001PY 2024

3368 HIGHWAY 280 STE 220 - ALEXANDER CITY, AL 350103448999-999-9999

Prospect flagsHigh feesHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$1.3M

+17.2% from 2023

Total participants

-28.6% from 2023

Average account balance

$315,894

+46.5% from 2023

Annual return

13.77%

-1.80 pp from 2023

Benchmarks

See 143,561 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort143,561 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.26M

Not enough data

1 years with asset history on file

Average account balance

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

$316K

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.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$51K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3688

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 codes2E2J2F2G3D

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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$15K

$2951 / participant

Other / not subdivided$15K100.0%

% of EOY assets

1.168%

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

$315,894

$160,028+97.4%

$147,080+114.8%

$145,884+116.5%

Participation rate

80.0%

84.0%-4.0pp

82.2%-2.2pp

80.3%-0.3pp

Annual return

13.77%

98.60%-84.8pp

420.17%-406.4pp

551.85%-538.1pp

Employer contribution / active EE

$3,261

$5,286-38.3%

$4,933-33.9%

$4,662-30.1%

Participant deferral / active EE

$6,974

$8,422-17.2%

$8,066-13.5%

$6,690+4.3%

Admin fee / account holder

$3,688

$15,030-75.5%

$12,989-71.6%

$13,392-72.5%

ALEX CITY INTERNAL MEDICINE & NEPHROLOGY PC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALEX CITY INTERNAL MEDICINE & NEPHROLOGY PC 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