Retirement plan

CAROLINA DIGESTIVE HEALTH ASSOCIATES, P.A. PROFIT SHARING & 401(K) PLAN

Name: CAROLINA DIGESTIVE HEALTH ASSOCIATES, P.A. - CAROLINA DIGESTIVE HEALTH ASSOCIATES, P.A. PROFIT SHARING & 401(K) PLAN (2017) Form 5500
Creator: CAROLINA DIGESTIVE HEALTH ASSOCIATES, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAROLINA DIGESTIVE HEALTH ASSOCIATES, P.A. PROFIT SHARING & 401(K) PLAN, CAROLINA DIGESTIVE HEALTH ASSOCIATES, P.A.

CAROLINA DIGESTIVE HEALTH ASSOCIATES, P.A.EIN 56-1335864Plan #002PY 2017

11301 CARMEL COMMONS BLVD., SUITE 302 - CHARLOTTE, NC 28226704-372-7974carolinadigestive.comLinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$27.3M

+21.5% from 2016

Total participants

138

+26.6% from 2016

Average account balance

$218,036

+5.9% from 2016

Annual return

16.09%

+9.24 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.20M

Not enough data

1 years with asset history on file

Average account balance

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

$224K

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.

135

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.63M

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

+12.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$589

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 8 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$72,380
MAXUS PLAN SOLUTIONS2 years Filed as: MAXUS PLAN SOLUTIONS, INC Service code 49 · EIN 45-4012897	Other Services	$10,219
BIRD, MICHAEL2 years Filed as: BIRD, MICHAEL D. Service code 49	Other Services	$4,259
YETT III, HARRY C.2 years Service code 49	Other Services	$4,259
BIRD, MICHAEL2 years Service code 49 1445 BALNTYN CORP PL · CHARLOTTE, NC 282773868	Other Services	$0
PRINCIPAL LIFE INSURANCE COMPANY1 year Filed as: PRINCIPAL SECURITIES Service code 49 · EIN 42-0941553	Other Services	$0
WILSHIRE ASSOCIATES INCORPORATED1 year Service code 27 · EIN 95-2755361	Advisory (Plan)	$0
YETT III, HARRY C.2 years Filed as: YETT III, HARRY C Service code 49 1445 BALNTYN CORP PL · CHARLOTTE, NC 282773868	Other Services	$0

Plan features & details

Pension benefit codes2A2E2J2K2F2G3D

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.
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.
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.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$72K

$652 / participant

Contract admin$72K100.0%

% of EOY assets

0.266%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$218,036

$55,453+293.2%

$170,435+27.9%

$62,293+250.0%

Participation rate

88.3%

66.4%+21.9pp

83.6%+4.7pp

69.5%+18.8pp

Annual return

16.09%

21.38%-5.3pp

205.94%-189.8pp

28.90%-12.8pp

Employer contribution / active EE

$9,139

$2,164+322.4%

$5,432+68.2%

$2,042+347.5%

Participant deferral / active EE

$4,033

$2,303+75.1%

$4,939-18.4%

$3,169+27.2%

Admin fee / account holder

$579

$455+27.2%

$13,881-95.8%

$479+20.8%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$72,380

MAXUS PLAN SOLUTIONS2 years

Filed as: MAXUS PLAN SOLUTIONS, INC

Service code 49 · EIN 45-4012897

Other Services

$10,219

BIRD, MICHAEL2 years

Filed as: BIRD, MICHAEL D.

Service code 49

Other Services

$4,259

YETT III, HARRY C.2 years

Service code 49

Other Services

$4,259

BIRD, MICHAEL2 years

Service code 49

1445 BALNTYN CORP PL · CHARLOTTE, NC 282773868

Other Services

PRINCIPAL LIFE INSURANCE COMPANY1 year

Filed as: PRINCIPAL SECURITIES

Service code 49 · EIN 42-0941553

Other Services

WILSHIRE ASSOCIATES INCORPORATED1 year

Service code 27 · EIN 95-2755361

Advisory (Plan)

YETT III, HARRY C.2 years

Filed as: YETT III, HARRY C

Service code 49

1445 BALNTYN CORP PL · CHARLOTTE, NC 282773868

Other Services

CAROLINA DIGESTIVE HEALTH ASSOCIATES, P.A. PROFIT SHARING & 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAROLINA DIGESTIVE HEALTH ASSOCIATES, P.A. PROFIT SHARING & 401(K) 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