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 (2017) 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 2017

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$22.4M

+19.5% from 2016

Total participants

226

+8.7% from 2016

Average account balance

$99,331

+10.0% from 2016

Annual return

12.55%

+10.50 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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 2 by compensation

Provider	Service type	Compensation
UNIFIED TRUST COMPANY, N.A.2 years Service code 13 · EIN 61-1256314	Contract Administrator	$74,382
BAIRD INSURANCE SERVICES INC1 year Filed as: HILLIARD LYONS - TONY BACKERT Service code 27 500 WEST JEFFERSON STREET · LOUISVILLE, KY 40202	Advisory (Plan)	$49,230

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

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

$124K

$654 / participant

Investment mgmt$49K39.8%
Contract admin$74K60.2%

% of EOY assets

0.551%

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

$99,331

$55,453+79.1%

$170,435-41.7%

$62,293+59.5%

Participation rate

100.0%

66.4%+33.6pp

83.6%+16.4pp

69.5%+30.5pp

Annual return

12.55%

21.38%-8.8pp

205.94%-193.4pp

28.90%-16.3pp

Employer contribution / active EE

$7,382

$2,164+241.2%

$5,432+35.9%

$2,042+261.4%

Participant deferral / active EE

$3,670

$2,303+59.4%

$4,939-25.7%

$3,169+15.8%

Admin fee / account holder

$547

$455+20.2%

$13,881-96.1%

$479+14.1%

Provider

Service type

Compensation

UNIFIED TRUST COMPANY, N.A.2 years

Service code 13 · EIN 61-1256314

Contract Administrator

$74,382

BAIRD INSURANCE SERVICES INC1 year

Filed as: HILLIARD LYONS - TONY BACKERT

Service code 27

500 WEST JEFFERSON STREET · LOUISVILLE, KY 40202

Advisory (Plan)

$49,230

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