Retirement plan

CAROLINA ENT/SAC, P.A. 401(K) PROFIT SHARING PLAN

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

CAROLINA ENT/SAC, P.A.EIN 56-2152702Plan #002PY 2020

256 C 10TH AVENUE NE - HICKORY, NC 286013834828-322-2183

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$5.9M

-9.3% from 2019

Total participants

-3.5% from 2019

Average account balance

$131,287

-3.3% from 2019

Annual return

9.80%

-8.99 pp from 2019

Benchmarks

See 18,628 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,628 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.77M

Not enough data

1 years with asset history on file

Average account balance

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

$149K

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.

115.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$753K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+16.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$351

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 codes2E2F2G2J2T3D

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).
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.
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.

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

$1.6M

$39633 / participant

Other / not subdivided$2M100.0%

% of EOY assets

26.834%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$131,287

$91,198+44.0%

$178,503-26.5%

$79,856+64.4%

Participation rate

75.0%

69.2%+5.8pp

81.9%-6.9pp

69.6%+5.4pp

Annual return

9.80%

24.20%-14.4pp

151.12%-141.3pp

31.71%-21.9pp

Employer contribution / active EE

$2,361

$3,257-27.5%

$5,011-52.9%

$2,471-4.4%

Participant deferral / active EE

$5,797

$3,237+79.1%

$5,202+11.4%

$3,741+55.0%

Admin fee / account holder

$35,229

$6,748+422.1%

$13,987+151.9%

$5,306+563.9%

CAROLINA ENT/SAC, P.A. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAROLINA ENT/SAC, 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