Retirement plan

GOLDSBORO PEDIATRICS, P.A. 401(K) PROFIT SHARING PLAN

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

GOLDSBORO PEDIATRICS, P.A.EIN 56-1249036Plan #001PY 2020

2706 MEDICAL OFFICE PLACE - GOLDSBORO, NC 27534919-734-4736LinkedIn51-200 employeeshealth, wellness and fitness

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$27.3M

+2.3% from 2019

Total participants

113

-15.7% from 2019

Average account balance

$241,616

+20.4% from 2019

Annual return

6.91%

-5.18 pp from 2019

Benchmarks

See 18,633 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,633 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.43M

Not enough data

1 years with asset history on file

Average account balance

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

$338K

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.

94.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+11.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1554

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 2 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC1 year Filed as: UBS FINANCIALS SERVICES Service code 51 · EIN 13-2638166 1000 HARBOR BLVD · WEEHAWKEN, NJ 07086	Investment Mgmt Fees	$123,030
NEWPORT GROUP, INC.1 year Service code 12 · EIN 27-2037969	Claims processing; Recordkeeping and ...	$5,151

Plan features & details

Pension benefit codes2A2E2H2J2R2T

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$128K

$1349 / participant

Investment mgmt$123K96.0%
Contract admin$5K4.0%

% of EOY assets

0.469%

all-in expense ratio

Categories reported

2 / 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: GREERWALKER LLP
Auditor EIN: 561434747
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$241,616

$91,179+165.0%

$178,499+35.4%

$79,852+202.6%

Participation rate

100.0%

69.2%+30.8pp

81.9%+18.1pp

69.6%+30.4pp

Annual return

6.91%

24.19%-17.3pp

151.10%-144.2pp

31.72%-24.8pp

Employer contribution / active EE

$7,874

$3,256+141.8%

$5,011+57.1%

$2,471+218.6%

Participant deferral / active EE

$4,475

$3,236+38.3%

$5,202-14.0%

$3,740+19.6%

Admin fee / account holder

$1,134

$6,749-83.2%

$13,986-91.9%

$5,306-78.6%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS FINANCIALS SERVICES

Service code 51 · EIN 13-2638166

1000 HARBOR BLVD · WEEHAWKEN, NJ 07086

Investment Mgmt Fees

$123,030

NEWPORT GROUP, INC.1 year

Service code 12 · EIN 27-2037969

Claims processing; Recordkeeping and ...

$5,151

GOLDSBORO PEDIATRICS, P.A. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOLDSBORO PEDIATRICS, P.A. 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