Retirement plan

CARDIOLOGY/GASTROENTEROLOGY ASSOCIATES OF MYRTLE BEACH, P.A. PROFIT SHARING PLAN

Name: CARDIOLOGY/GASTROENTEROLOGY ASSOCIATES OF MYRTLE BEACH, P.A. - CARDIOLOGY/GASTROENTEROLOGY ASSOCIATES OF MYRTLE BEACH, P.A. PROFIT SHARING PLAN (2016) Form 5500
Creator: CARDIOLOGY/GASTROENTEROLOGY ASSOCIATES OF MYRTLE BEACH, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARDIOLOGY/GASTROENTEROLOGY ASSOCIATES OF MYRTLE BEACH, P.A. PROFIT SHARING PLAN, CARDIOLOGY/GASTROENTEROLOGY ASSOCIATES OF MYRTLE BEACH, P.A.

CARDIOLOGY/GASTROENTEROLOGY ASSOCIATES OF MYRTLE BEACH, P.A.EIN 57-0528030Plan #001PY 2016

945 82ND PARKWAY, SUITE 3 - MYRTLE BEACH, SC 29572843-839-1198LinkedIn1-10 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$7.4M

-20.1% from 2015

Total participants

-2.0% from 2015

Average account balance

$79,910

-16.7% from 2015

Annual return

6.17%

+7.21 pp from 2015

Benchmarks

See 17,769 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,769 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.94M

Not enough data

1 years with asset history on file

Average account balance

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

$84K

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.

145.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$689K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+18.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1251

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 codes2E2G2J2T3D3H

Plan features

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.
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

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

$2.7M

$65088 / participant

Other / not subdivided$3M100.0%

% of EOY assets

37.184%

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

$79,910

$77,638+2.9%

$156,551-49.0%

$62,881+27.1%

Participation rate

88.1%

71.2%+16.9pp

84.0%+4.1pp

69.3%+18.8pp

Annual return

6.17%

50.33%-44.2pp

32.23%-26.1pp

20.14%-14.0pp

Employer contribution / active EE

$2,463

$3,444-28.5%

$5,501-55.2%

$2,281+8.0%

Participant deferral / active EE

$4,939

$3,046+62.2%

$4,871+1.4%

$3,203+54.2%

Admin fee / account holder

$29,714

$5,561+434.3%

$13,028+128.1%

$4,296+591.7%

CARDIOLOGY/GASTROENTEROLOGY ASSOCIATES OF MYRTLE BEACH, P.A. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARDIOLOGY/GASTROENTEROLOGY ASSOCIATES OF MYRTLE BEACH, P.A. 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