Retirement plan

BOICE-WILLIS CLINIC, P.A. 401(K) AND PROFIT SHARING PLAN

Name: BOICE-WILLIS CLINIC, P.A. - BOICE-WILLIS CLINIC, P.A. 401(K) AND PROFIT SHARING PLAN (2020) Form 5500
Creator: BOICE-WILLIS CLINIC, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BOICE-WILLIS CLINIC, P.A. 401(K) AND PROFIT SHARING PLAN, BOICE-WILLIS CLINIC, P.A.

BOICE-WILLIS CLINIC, P.A.EIN 56-1025986Plan #003PY 2020

P.O. BOX 7200, 3221 ZEBULON - ROCKY MOUNT, NC 27804252-937-0200

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$96.3M

+15.7% from 2019

Total participants

431

+4.6% from 2019

Average account balance

$236,041

+12.3% from 2019

Annual return

20.03%

-5.39 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$96.99M

Not enough data

1 years with asset history on file

Average account balance

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

$272K

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

$3.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+14.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$409

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 6 by compensation

Provider	Service type	Compensation
PARSEC FINANCIAL MANAGEMENT6+ years Service code 26 · EIN 56-1443390	Advisory (Participants)	$42,374
WHITENER CAPITAL MANAGEMENT IN3 years Service code 26 · EIN 56-1572921	Advisory (Participants)	$38,411
KANAWHA CAPITAL MANAGEMENT, LLC6+ years Service code 26 · EIN 54-2057740	Advisory (Participants)	$21,033
CHARLES SCHWAB & CO., INC.1 year Service code 33 · EIN 94-1737782	Float revenue; Securities brokerage; ...	$1,377
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL Service code 59	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB TRUST BANK Service code 25 · EIN 82-3967259	Directed Trustee	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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.
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.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$111K

$358 / participant

Investment mgmt$107K96.1%
Other / not subdivided$4K3.9%

% of EOY assets

0.116%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$236,041

$52,293+351.4%

$178,499+32.2%

$73,412+221.5%

Participation rate

92.6%

65.3%+27.3pp

81.9%+10.7pp

72.2%+20.4pp

Annual return

20.03%

34.75%-14.7pp

151.10%-131.1pp

59.30%-39.3pp

Employer contribution / active EE

$7,277

$1,735+319.3%

$5,011+45.2%

$2,234+225.8%

Participant deferral / active EE

$4,141

$2,332+77.5%

$5,202-20.4%

$3,806+8.8%

Admin fee / account holder

$273

$127+114.3%

$13,986-98.0%

$158+72.9%

Provider

Service type

Compensation

PARSEC FINANCIAL MANAGEMENT6+ years

Service code 26 · EIN 56-1443390

Advisory (Participants)

$42,374

WHITENER CAPITAL MANAGEMENT IN3 years

Service code 26 · EIN 56-1572921

Advisory (Participants)

$38,411

KANAWHA CAPITAL MANAGEMENT, LLC6+ years

Service code 26 · EIN 54-2057740

Advisory (Participants)

$21,033

CHARLES SCHWAB & CO., INC.1 year

Service code 33 · EIN 94-1737782

Float revenue; Securities brokerage; ...

$1,377

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL

Service code 59

Shareholder Servicing

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB TRUST BANK

Service code 25 · EIN 82-3967259

Directed Trustee

BOICE-WILLIS CLINIC, P.A. 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BOICE-WILLIS CLINIC, P.A. 401(K) AND 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