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 (2016) 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 2016

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)

$18.8M

-30.8% from 2015

Total participants

208

+1.0% from 2015

Average account balance

$90,286

-31.8% from 2015

Annual return

2.05%

+5.80 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
UNIFIED TRUST COMPANY, N.A.1 year Service code 13 · EIN 61-1256314	Contract Administrator	$38,054
BAIRD INSURANCE SERVICES INC1 year Filed as: HILLIARD LYONS Service code 27 500 WEST JEFFERSON STREET · LOUISVILLE, KY 40202	Advisory (Plan)	$35,340
MCCREADY & KEENE INC.2+ years Service code 15 · EIN 35-0500670	Recordkeeping	$27,151
MATRIX TRUST COMPANY1 year Filed as: MG TRUST CO DBA MATRIX TRUST CO Service code 18 · EIN 75-3182674	Investment management fees paid direc...	$13,436
UBS FINANCIAL SERVICES INC2+ years Filed as: UBS FINANCIAL SERVICES Service code 27 17 WEST MCBEE AVENUE · GREENVILLE, SC 29601	Advisory (Plan)	$12,475
REX MANAGEMENT LLC2+ years Service code 27 516 CYPRESS LINKS WAY · TAYLORS, SC 29687	Advisory (Plan)	$10,151
AMERICAN FUNDS1 year Filed as: CAPITAL DESIGN ASSOCIATES, INC. Service code 27 619 HALTON ROAD BLDG 1 SUITE A · GREENVILLE, SC 29607	Advisory (Plan)	$6,992
TD AMERITRADE, INC.1 year Filed as: TD AMERITRADE Service code 27 11 BRENDAN WAY, SUITE 202 · GREENVILLE, SC 29615	Advisory (Plan)	$5,800

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

$160K

$907 / participant

Investment mgmt$50K31.2%
Contract admin$110K68.8%

% of EOY assets

0.850%

all-in expense ratio

Categories reported

2 / 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

$90,286

$46,732+93.2%

$156,551-42.3%

$55,167+63.7%

Participation rate

100.0%

65.8%+34.2pp

84.0%+16.0pp

69.0%+31.0pp

Annual return

2.05%

17.72%-15.7pp

32.23%-30.2pp

169.23%-167.2pp

Employer contribution / active EE

$2,685

$2,105+27.6%

$5,501-51.2%

$1,963+36.8%

Participant deferral / active EE

$4,022

$2,204+82.5%

$4,871-17.4%

$3,054+31.7%

Admin fee / account holder

$768

$418+83.4%

$13,028-94.1%

$504+52.3%

Provider

Service type

Compensation

UNIFIED TRUST COMPANY, N.A.1 year

Service code 13 · EIN 61-1256314

Contract Administrator

$38,054

BAIRD INSURANCE SERVICES INC1 year

Filed as: HILLIARD LYONS

Service code 27

500 WEST JEFFERSON STREET · LOUISVILLE, KY 40202

Advisory (Plan)

$35,340

MCCREADY & KEENE INC.2+ years

Service code 15 · EIN 35-0500670

Recordkeeping

$27,151

MATRIX TRUST COMPANY1 year

Filed as: MG TRUST CO DBA MATRIX TRUST CO

Service code 18 · EIN 75-3182674

Investment management fees paid direc...

$13,436

UBS FINANCIAL SERVICES INC2+ years

Filed as: UBS FINANCIAL SERVICES

Service code 27

17 WEST MCBEE AVENUE · GREENVILLE, SC 29601

Advisory (Plan)

$12,475

REX MANAGEMENT LLC2+ years

Service code 27

516 CYPRESS LINKS WAY · TAYLORS, SC 29687

Advisory (Plan)

$10,151

AMERICAN FUNDS1 year

Filed as: CAPITAL DESIGN ASSOCIATES, INC.

Service code 27

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

Advisory (Plan)

$6,992

TD AMERITRADE, INC.1 year

Filed as: TD AMERITRADE

Service code 27

11 BRENDAN WAY, SUITE 202 · GREENVILLE, SC 29615

Advisory (Plan)

$5,800

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