Retirement plan

CHARLOTTE GASTROENTEROLOGY & HEPATOLOGY, P.L.L.C PROFIT SHARING PLAN

Name: CHARLOTTE GASTROENTEROLOGY & HEPATOLOGY, PLLC - CHARLOTTE GASTROENTEROLOGY & HEPATOLOGY, P.L.L.C PROFIT SHARING PLAN (2018) Form 5500
Creator: CHARLOTTE GASTROENTEROLOGY & HEPATOLOGY, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHARLOTTE GASTROENTEROLOGY & HEPATOLOGY, P.L.L.C PROFIT SHARING PLAN, CHARLOTTE GASTROENTEROLOGY & HEPATOLOGY, PLLC

CHARLOTTE GASTROENTEROLOGY & HEPATOLOGY, PLLCEIN 56-2059693Plan #001PY 2018

13808 PROFESSIONAL CENTER DR. - HUNTERSVILLE, NC 28078704-377-4009charlottegastro.comLinkedIn201-500 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$20.3M

+1.5% from 2017

Total participants

181

+17.5% from 2017

Average account balance

$112,636

-13.1% from 2017

Annual return

-6.08%

-22.93 pp from 2017

Benchmarks

See 5,259 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,259 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$38.29M

Not enough data

1 years with asset history on file

Average account balance

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

$182K

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.

210

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.40M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+13.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$639

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 3 by compensation

Provider	Service type	Compensation
LOREN D. STARK COMPANY1 year Filed as: LOREN D STARK COMPANY INC Service code 13 · EIN 22-2799756 10750 ROCKLEY RD · BERWYN, TX 770993516	Contract Administrator	$800
AMERICAN FUNDS1 year Filed as: CAPITAL RESEARCH & MNGT CO., INC Service code 64 333 SOUTH HOPE STREET · NEW YORK, CA 90071	Recordkeeping Fees	$675
WLR & ASSOCIATES, INC.1 year Filed as: WLR & ASSOCIATES, INC Service code 13 · EIN 13-5674085 5500 77 CENTER DR STE 150 · NEW YORK, NC 282172729	Contract Administrator	$360

Plan features & details

Pension benefit codes2A2E2G2J3D2R

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.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$89K

$648 / participant

Investment mgmt$89K100.0%

% of EOY assets

0.441%

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: ELLIOTT DAVIS, PLLC
Auditor EIN: 570381582
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$112,636

$47,977+134.8%

$154,108-26.9%

$56,289+100.1%

Participation rate

99.3%

66.2%+33.1pp

83.0%+16.2pp

69.9%+29.4pp

Annual return

-6.08%

3.54%-9.6pp

735.21%-741.3pp

-9.96%+3.9pp

Employer contribution / active EE

$7,357

$2,169+239.2%

$5,298+38.9%

$2,111+248.5%

Participant deferral / active EE

$5,233

$2,392+118.8%

$5,081+3.0%

$3,350+56.2%

Admin fee / account holder

$497

$438+13.3%

$13,411-96.3%

$521-4.7%

Provider

Service type

Compensation

LOREN D. STARK COMPANY1 year

Filed as: LOREN D STARK COMPANY INC

Service code 13 · EIN 22-2799756

10750 ROCKLEY RD · BERWYN, TX 770993516

Contract Administrator

$800

AMERICAN FUNDS1 year

Filed as: CAPITAL RESEARCH & MNGT CO., INC

Service code 64

333 SOUTH HOPE STREET · NEW YORK, CA 90071

Recordkeeping Fees

$675

WLR & ASSOCIATES, INC.1 year

Filed as: WLR & ASSOCIATES, INC

Service code 13 · EIN 13-5674085

5500 77 CENTER DR STE 150 · NEW YORK, NC 282172729

Contract Administrator

$360

CHARLOTTE GASTROENTEROLOGY & HEPATOLOGY, P.L.L.C PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHARLOTTE GASTROENTEROLOGY & HEPATOLOGY, P.L.L.C 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