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 (2023) 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 2023

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

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$30.4M

+15.5% from 2022

Total participants

114

+7.5% from 2022

Average account balance

$287,245

+11.1% from 2022

Annual return

12.26%

+25.07 pp from 2022

Benchmarks

See 20,804 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,804 peers

Snapshot2023

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.4 years Service code 12 · EIN 27-2037969	Recordkeeping and information managem...	$140,124

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

3 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.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$140K

$1574 / participant

Recordkeeping$3K2.0%
Contract admin$137K98.0%

% of EOY assets

0.460%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GREER WALKER LLP
Auditor EIN: 561434747
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$287,245

$77,901+268.7%

$149,717+91.9%

$75,181+282.1%

Participation rate

91.0%

65.6%+25.4pp

78.8%+12.2pp

67.2%+23.8pp

Annual return

12.26%

31.73%-19.5pp

134.41%-122.1pp

160.69%-148.4pp

Employer contribution / active EE

$8,495

$3,137+170.8%

$4,820+76.3%

$2,671+218.1%

Participant deferral / active EE

$5,247

$3,411+53.8%

$5,682-7.6%

$4,126+27.2%

Admin fee / account holder

$1,322

$5,949-77.8%

$13,213-90.0%

$5,650-76.6%

Provider

Service type

Compensation

NEWPORT GROUP, INC.4 years

Service code 12 · EIN 27-2037969

Recordkeeping and information managem...

$140,124

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