Retirement plan

PIEDMONT COSMETIC SURGERY & DERMATOLOGY CENTER 401(K) PLAN

Name: PIEDMONT COSMETIC SURGERY & DERMATOLOGY CENTER, P.A. - PIEDMONT COSMETIC SURGERY & DERMATOLOGY CENTER 401(K) PLAN (2024) Form 5500
Creator: PIEDMONT COSMETIC SURGERY & DERMATOLOGY CENTER, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PIEDMONT COSMETIC SURGERY & DERMATOLOGY CENTER 401(K) PLAN, PIEDMONT COSMETIC SURGERY & DERMATOLOGY CENTER, P.A.

PIEDMONT COSMETIC SURGERY & DERMATOLOGY CENTER, P.A.EIN 56-1877397Plan #001PY 2024

765 HIGHLAND OAKS DRIVE, SUITE 100 - WINSTON-SALEM, NC 27103336-760-4004LinkedIn11-50 employeesmedical practice

Prospect flagsLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$706K

+13.2% from 2023

Total participants

0.0% from 2023

Average account balance

$70,618

+13.2% from 2023

Annual return

11.31%

-3.60 pp from 2023

Benchmarks

See 109,210 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,210 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$706K

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

166.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2F2J2T3D3H

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).
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$70,618

$183,539-61.5%

$155,556-54.6%

$145,897-51.6%

Participation rate

83.3%

82.7%+0.6pp

78.2%+5.1pp

80.3%+3.0pp

Annual return

11.31%

61.31%-50.0pp

64.84%-53.5pp

552.29%-541.0pp

Employer contribution / active EE

$5,315-100.0%

$4,675-100.0%

$4,663-100.0%

Participant deferral / active EE

$1,991

$6,467-69.2%

$5,631-64.6%

$6,689-70.2%

Admin fee / account holder

$19,275-100.0%

$15,885-100.0%

$13,390-100.0%

PIEDMONT COSMETIC SURGERY & DERMATOLOGY CENTER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

PIEDMONT COSMETIC SURGERY & DERMATOLOGY CENTER 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion