Retirement plan

GASTROINTESTINAL SPECIALIST OF GEOR GIA, INC. 401(K) PROFIT SHARING PLAN

Name: GASTROINTESTINAL SPECIALIST OF GEOR GIA, INC. - GASTROINTESTINAL SPECIALIST OF GEOR GIA, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: GASTROINTESTINAL SPECIALIST OF GEOR GIA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GASTROINTESTINAL SPECIALIST OF GEOR GIA, INC. 401(K) PROFIT SHARING PLAN, GASTROINTESTINAL SPECIALIST OF GEOR GIA, INC.

GASTROINTESTINAL SPECIALIST OF GEOR GIA, INC.EIN 58-2136821Plan #001PY 2024

711 CANTON RD NE, SUITE 300 - MARIETTA, GA 30060678-803-1645LinkedIn1-10 employeesmedical practice

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$40.4M

+14.4% from 2023

Total participants

152

-5.6% from 2023

Average account balance

$280,613

+18.4% from 2023

Annual return

13.60%

-2.77 pp from 2023

Benchmarks

See 6,026 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,026 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$40.41M

Not enough data

1 years with asset history on file

Average account balance

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

$281K

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.

144

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.

92.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+13.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$751

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 4 by compensation

Provider	Service type	Compensation
SUNTRUST BANKS, INC.1 year Filed as: TRUIST ADVISORY SERVICES, INC Service code 26 214 N TYRON STREET · CHARLOTTE, NC 28202	Advisory (Participants)	$45,710
EPIC RETIREMENT PLAN SERVICES1 year Filed as: THE RETIREMENT PLAN COMPANY Service code 51 · EIN 38-3712991	Investment Mgmt Fees	$9,635
SHEAKLEY10+ years Service code 13 · EIN 62-1734593	Contract Administrator	$5,224
MATRIX TRUST COMPANY8 years Filed as: MATRIX Service code 21 · EIN 75-3182674	Bank Trustee	$4,455

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$108K

$957 / participant

Trustee / custodial$4K4.1%
Investment mgmt$46K42.3%
Contract admin$15K13.7%
Other / not subdivided$43K39.8%

% of EOY assets

0.268%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: PYA, P.C.
Auditor EIN: 621517792
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$280,613

$55,415+406.4%

$155,509+80.4%

$74,495+276.7%

Participation rate

92.9%

61.9%+31.0pp

78.2%+14.7pp

67.2%+25.7pp

Annual return

13.60%

268.50%-254.9pp

64.67%-51.1pp

1364.94%-1351.3pp

Employer contribution / active EE

$11,055

$2,267+387.6%

$4,672+136.6%

$2,623+321.5%

Participant deferral / active EE

$7,470

$2,836+163.4%

$5,626+32.8%

$4,346+71.9%

Admin fee / account holder

$751

$1,738-56.8%

$15,912-95.3%

$1,942-61.3%

Provider

Service type

Compensation

SUNTRUST BANKS, INC.1 year

Filed as: TRUIST ADVISORY SERVICES, INC

Service code 26

214 N TYRON STREET · CHARLOTTE, NC 28202

Advisory (Participants)

$45,710

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: THE RETIREMENT PLAN COMPANY

Service code 51 · EIN 38-3712991

Investment Mgmt Fees

$9,635

SHEAKLEY10+ years

Service code 13 · EIN 62-1734593

Contract Administrator

$5,224

MATRIX TRUST COMPANY8 years

Filed as: MATRIX

Service code 21 · EIN 75-3182674

Bank Trustee

$4,455

GASTROINTESTINAL SPECIALIST OF GEOR GIA, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GASTROINTESTINAL SPECIALIST OF GEOR GIA, INC. 401(K) 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