Retirement plan

GASTROENTEROLOGY ASSOCIATES P.A. PROFIT SHARING PLAN AND TRUST

Name: GASTROENTEROLOGY ASSOCIATES P.A. - GASTROENTEROLOGY ASSOCIATES P.A. PROFIT SHARING PLAN AND TRUST (2015) Form 5500
Creator: GASTROENTEROLOGY ASSOCIATES P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GASTROENTEROLOGY ASSOCIATES P.A. PROFIT SHARING PLAN AND TRUST, GASTROENTEROLOGY ASSOCIATES P.A.

GASTROENTEROLOGY ASSOCIATES P.A.EIN 57-0669903Plan #001PY 2015

200 PATEWOOD DRIVE SUITE B200 - GREENVILLE, SC 29615864-451-5145drmurali.netLinkedIn1-10 employeesmedical practice

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$27.2M

No prior year

Total participants

206

No prior year

Average account balance

$132,464

No prior year

Annual return

-3.75%

No prior year

Benchmarks

See 4,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort4,452 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$38.67M

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

346

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

$2.55M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+20.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$317

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 7 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC1+ years Filed as: UBS FINANCIAL SERVICES Service code 27 17 WEST MCBEE AVENUE · GREENVILLE, SC 29601	Advisory (Plan)	$60,007
REX MANAGEMENT LLC1+ years Service code 27 516 CYPRESS LINKS WAY · TAYLORS, SC 29687	Advisory (Plan)	$45,636
JJB HILLIARD W L LYONS LLC1+ years Filed as: JJB HILLIARD W L LYONS Service code 27 500 WEST JEFFERSON STREET · LOUISVILLE, KY 40202	Advisory (Plan)	$39,790
MCCREADY & KEENE INC.1+ years Service code 15 · EIN 35-0500670	Recordkeeping	$39,490
AMERICAN FUNDS1+ years Filed as: CAPITAL DESIGN ASSOCIATES INC. Service code 27 619 HALTON ROAD BLDG 1 SUITE A · GREENVILLE, SC 29607	Advisory (Plan)	$13,941
MATRIX TRUST COMPANY1+ years Filed as: MG TRUST CO. DBA MATRIX TRUST CO. Service code 18 · EIN 75-3182674	Custodial (other than securities); In...	$10,020
WILMINGTON TRUST1+ years Filed as: WILMINGTON TRUST RETIREMENT Service code 18 · EIN 51-0099033	Investment management fees paid direc...	$3,462

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

$216K

$1284 / participant

Investment mgmt$161K74.7%
Other / not subdivided$55K25.3%

% of EOY assets

0.794%

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: JENNINGS COOK & CO. CPAS P.A.
Auditor EIN: 570661343
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$132,464

$46,360+185.7%

$147,618-10.3%

$52,331+153.1%

Participation rate

99.4%

64.9%+34.5pp

84.6%+14.8pp

68.1%+31.3pp

Annual return

-3.75%

1.62%-5.4pp

61.98%-65.7pp

4.54%-8.3pp

Employer contribution / active EE

$7,166

$2,126+237.0%

$5,565+28.8%

$1,882+280.8%

Participant deferral / active EE

$3,152

$2,258+39.6%

$4,895-35.6%

$3,022+4.3%

Admin fee / account holder

$1,052

$766+37.4%

$11,612-90.9%

$592+77.9%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC1+ years

Filed as: UBS FINANCIAL SERVICES

Service code 27

17 WEST MCBEE AVENUE · GREENVILLE, SC 29601

Advisory (Plan)

$60,007

REX MANAGEMENT LLC1+ years

Service code 27

516 CYPRESS LINKS WAY · TAYLORS, SC 29687

Advisory (Plan)

$45,636

JJB HILLIARD W L LYONS LLC1+ years

Filed as: JJB HILLIARD W L LYONS

Service code 27

500 WEST JEFFERSON STREET · LOUISVILLE, KY 40202

Advisory (Plan)

$39,790

MCCREADY & KEENE INC.1+ years

Service code 15 · EIN 35-0500670

Recordkeeping

$39,490

AMERICAN FUNDS1+ years

Filed as: CAPITAL DESIGN ASSOCIATES INC.

Service code 27

619 HALTON ROAD BLDG 1 SUITE A · GREENVILLE, SC 29607

Advisory (Plan)

$13,941

MATRIX TRUST COMPANY1+ years

Filed as: MG TRUST CO. DBA MATRIX TRUST CO.

Service code 18 · EIN 75-3182674

Custodial (other than securities); In...

$10,020

WILMINGTON TRUST1+ years

Filed as: WILMINGTON TRUST RETIREMENT

Service code 18 · EIN 51-0099033

Investment management fees paid direc...

$3,462

GASTROENTEROLOGY ASSOCIATES P.A. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GASTROENTEROLOGY ASSOCIATES P.A. PROFIT SHARING PLAN AND TRUST

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