Retirement plan

ANNE ARUNDEL DERMATOLOGY, P.A., PROFIT SHARING PLAN

Name: ANNE ARUNDEL DERMATOLOGY, P.A. - ANNE ARUNDEL DERMATOLOGY, P.A., PROFIT SHARING PLAN (2022) Form 5500
Creator: ANNE ARUNDEL DERMATOLOGY, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANNE ARUNDEL DERMATOLOGY, P.A., PROFIT SHARING PLAN, ANNE ARUNDEL DERMATOLOGY, P.A.

ANNE ARUNDEL DERMATOLOGY, P.A.EIN 52-1415148Plan #002PY 2022

1306 CONCOURSE DRIVE,, SUITE 201 - LINTHICUM, MD 21090410-384-9311aadermatology.comLinkedIn1001-5000 employeeshospital & health care

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$49.5M

+1.8% from 2021

Total participants

1,861

+46.4% from 2021

Average account balance

$44,447

-23.0% from 2021

Annual return

-5.64%

-19.34 pp from 2021

Benchmarks

See 1,377 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,377 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-99.75%

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

0 years with F_SCH_H allocation on file

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER2 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$142,276
GREENSPRING ADVISORS, LLC2 years Service code 15 · EIN 82-5320133	Recordkeeping	$50,750
NEWPORT GROUP, INC.6 years Service code 15 · EIN 27-2037969	Recordkeeping	$23,368
HANDWERGER, CARDEGNA, FUNKHOUSER &L2 years Service code 15 · EIN 52-1399339	Recordkeeping	$15,575
GREENSPRING ADVISORS, LLC1 year Filed as: GREENSPRING WEALTH MANAGEMENT, INC Service code 15 · EIN 20-1611389	Recordkeeping	$12,750

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3D3H

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$245K

$153 / participant

Other / not subdivided$245K100.0%

% of EOY assets

0.496%

all-in expense ratio

Categories reported

0 / 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: HANDWERGER, CARDEGNA, FUNKHOUSER, &
Auditor EIN: 521399339
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,447

$45,000-1.2%

$143,757-69.1%

$77,904-42.9%

Participation rate

53.3%

66.8%-13.5pp

80.3%-27.0pp

73.7%-20.4pp

Annual return

-5.64%

29.03%-34.7pp

-0.04%-5.6pp

12.21%-17.8pp

Employer contribution / active EE

$1,636

$1,870-12.5%

$4,951-67.0%

$2,848-42.6%

Participant deferral / active EE

$3,128

$3,157-0.9%

$5,637-44.5%

$4,806-34.9%

Admin fee / account holder

$220

$98+123.9%

$14,673-98.5%

$133+66.3%

Provider

Service type

Compensation

ADP BROKER-DEALER2 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$142,276

GREENSPRING ADVISORS, LLC2 years

Service code 15 · EIN 82-5320133

Recordkeeping

$50,750

NEWPORT GROUP, INC.6 years

Service code 15 · EIN 27-2037969

Recordkeeping

$23,368

HANDWERGER, CARDEGNA, FUNKHOUSER &L2 years

Service code 15 · EIN 52-1399339

Recordkeeping

$15,575

GREENSPRING ADVISORS, LLC1 year

Filed as: GREENSPRING WEALTH MANAGEMENT, INC

Service code 15 · EIN 20-1611389

Recordkeeping

$12,750

ANNE ARUNDEL DERMATOLOGY, P.A., PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANNE ARUNDEL DERMATOLOGY, P.A., 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