Retirement plan

CHARLESTON GASTRO SPECIALISTS, P.A. PROFIT SHARING 401(K) PLAN

Name: CHARLESTON GASTROENTEROLOGY SPECIALISTS, P.A. - CHARLESTON GASTRO SPECIALISTS, P.A. PROFIT SHARING 401(K) PLAN (2024) Form 5500
Creator: CHARLESTON GASTROENTEROLOGY SPECIALISTS, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHARLESTON GASTRO SPECIALISTS, P.A. PROFIT SHARING 401(K) PLAN, CHARLESTON GASTROENTEROLOGY SPECIALISTS, P.A.

CHARLESTON GASTROENTEROLOGY SPECIALISTS, P.A.EIN 57-0965630Plan #001PY 2024

2001 2ND AVENUE SUITE 101 - SUMMERVILLE, SC 29486843-722-8000LinkedIn51-200 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$4.6M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$21.6M

+14.0% from 2023

Total participants

295

+6.9% from 2023

Average account balance

$74,083

+7.8% from 2023

Annual return

12.43%

-0.30 pp from 2023

Benchmarks

See 5,993 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,993 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.56M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

291

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.

97.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$649

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 5 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY Service code 27 · EIN 20-8764829	Advisory (Plan)	$102,966
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES FIN. SVS. ADVISORS Service code 27 · EIN 59-2937883	Advisory (Plan)	$50,624
AMERIPRISE FINANCIAL SERVICES INC1 year Filed as: AMERIPRISE FINANCIAL Service code 27 · EIN 41-0973005	Advisory (Plan)	$21,106
MY BENEFITS, LLC1 year Service code 15 · EIN 45-2098338	Recordkeeping	$18,041
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 41-6257133	Advisory (Plan)	$11,572

Plan features & details

Pension benefit codes2E2H2J2R3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

$189K

$1038 / participant

Other / not subdivided$189K100.0%

% of EOY assets

0.876%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MELISSA G. CRITCHER, CPA, PC
Auditor EIN: 271654932
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,083

$55,470+33.6%

$155,556-52.4%

$74,478-0.5%

Participation rate

97.8%

61.9%+35.9pp

78.2%+19.6pp

67.2%+30.6pp

Annual return

12.43%

269.80%-257.4pp

64.84%-52.4pp

1370.56%-1358.1pp

Employer contribution / active EE

$6,896

$2,267+204.2%

$4,675+47.5%

$2,626+162.6%

Participant deferral / active EE

$3,364

$2,838+18.5%

$5,631-40.3%

$4,350-22.7%

Admin fee / account holder

$649

$1,744-62.8%

$15,885-95.9%

$1,946-66.6%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY

Service code 27 · EIN 20-8764829

Advisory (Plan)

$102,966

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES FIN. SVS. ADVISORS

Service code 27 · EIN 59-2937883

Advisory (Plan)

$50,624

AMERIPRISE FINANCIAL SERVICES INC1 year

Filed as: AMERIPRISE FINANCIAL

Service code 27 · EIN 41-0973005

Advisory (Plan)

$21,106

MY BENEFITS, LLC1 year

Service code 15 · EIN 45-2098338

Recordkeeping

$18,041

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 41-6257133

Advisory (Plan)

$11,572

CHARLESTON GASTRO SPECIALISTS, P.A. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHARLESTON GASTRO SPECIALISTS, P.A. PROFIT SHARING 401(K) 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