Retirement plan

WILMINGTON EAR, NOSE & THROAT ASSOCIATES, PA PROFIT-SHARING PLAN

Name: WILMINGTON EAR, NOSE, & THROAT ASSOCIATES, PA - WILMINGTON EAR, NOSE & THROAT ASSOCIATES, PA PROFIT-SHARING PLAN (2017) Form 5500
Creator: WILMINGTON EAR, NOSE, & THROAT ASSOCIATES, PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILMINGTON EAR, NOSE & THROAT ASSOCIATES, PA PROFIT-SHARING PLAN, WILMINGTON EAR, NOSE, & THROAT ASSOCIATES, PA

WILMINGTON EAR, NOSE, & THROAT ASSOCIATES, PAEIN 56-1152782Plan #001PY 2017

2311 DELANEY AVENUE - WILMINGTON, NC 28403910-762-8754wilmingtonent.comLinkedIn11-50 employeesmedical practice

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$4.7M

+22.6% from 2016

Total participants

-5.6% from 2016

Average account balance

$141,941

+33.7% from 2016

Annual return

16.98%

+9.27 pp from 2016

Benchmarks

See 17,854 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,854 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.56M

Not enough data

1 years with asset history on file

Average account balance

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

$290K

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.

132.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$398K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+16.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4566

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 codes2E2F2G2J2R2T3D

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.
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

2 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).

Expense breakdown

Schedule H Part II

Admin total

$98K

$3642 / participant

Other / not subdivided$98K100.0%

% of EOY assets

2.100%

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

$141,941

$84,236+68.5%

$170,435-16.7%

$70,126+102.4%

Participation rate

96.3%

70.8%+25.5pp

83.6%+12.7pp

69.5%+26.8pp

Annual return

16.98%

23.06%-6.1pp

205.94%-189.0pp

73.15%-56.2pp

Employer contribution / active EE

$6,970

$3,387+105.8%

$5,432+28.3%

$2,343+197.5%

Participant deferral / active EE

$3,951

$3,086+28.0%

$4,939-20.0%

$3,332+18.6%

Admin fee / account holder

$2,980

$5,698-47.7%

$13,881-78.5%

$4,645-35.9%

WILMINGTON EAR, NOSE & THROAT ASSOCIATES, PA PROFIT-SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILMINGTON EAR, NOSE & THROAT ASSOCIATES, PA 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