Retirement plan

SOUTHERN CRESCENT WOMEN'S HEALTHCARE, P.C. 401(K) PLAN

Name: SOUTHERN CRESCENT WOMENS HEALTHCARE, P. C. - SOUTHERN CRESCENT WOMEN'S HEALTHCARE, P.C. 401(K) PLAN (2023) Form 5500
Creator: SOUTHERN CRESCENT WOMENS HEALTHCARE, P. C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHERN CRESCENT WOMEN'S HEALTHCARE, P.C. 401(K) PLAN, SOUTHERN CRESCENT WOMENS HEALTHCARE, P. C.

SOUTHERN CRESCENT WOMENS HEALTHCARE, P. C.EIN 58-2345264Plan #001PY 2023

1279 HWY 54 WEST, SUITE 220 - FAYETTEVILLE, GA 30214770-991-2200scwhobgyn.comLinkedIn51-200 employeesmedical practice

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.4M

+12.5% from 2022

Total participants

-19.5% from 2022

Average account balance

$56,789

+39.7% from 2022

Annual return

12.39%

+29.98 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.49M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

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.

118.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$806K

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

+11.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3916

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

0 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
CARON & BLETZER, PLLC2 years Filed as: CARON & BLETZER PLLC Service code 10 · EIN 04-3499945	Accounting	$13,900
TRANSAMERICA RETIREMENT SOLUTIONS3 years Filed as: TRANSAMERICA FINANCIAL LIFE INS Service code 15 · EIN 36-6071399	Recordkeeping	$10,793
EPIC RETIREMENT PLAN SERVICES1 year Filed as: BLUESTAR RETIREMENT PLAN SERVICES Service code 15 PO BOX 81889 · LINCOLN, NE 68501	Recordkeeping	$7,221
LEVEL FOUR ADVISORY SERVICES1 year Filed as: LEVEL FOUR FINANCIAL Service code 26 · EIN 11-3738689	Advisory (Participants)	$6,607
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB BANK Service code 19 PO BOX 2339 · OMAHA, NE 68103	Securities Custodian	$1,238
CLIFTONLARSONALLEN LLP1 year Filed as: CRI TPA SERVICES, LLC Service code 15 · EIN 83-4124826	Recordkeeping	$1,140
ASCENSUS LLC3 years Filed as: FUTUREPLAN BY ASCENSUS Service code 15 · EIN 82-3719843	Recordkeeping	$150

Plan features & details

Pension benefit codes2A2E2F2G2J2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

3 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$41K

$584 / participant

Recordkeeping$18K44.0%
Trustee / custodial$1K3.0%
Investment mgmt$7K16.2%
Other / not subdivided$15K36.8%

% of EOY assets

0.758%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: $13,900
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,789

$77,908-27.1%

$149,696-62.1%

$75,173-24.5%

Participation rate

100.0%

65.6%+34.4pp

78.8%+21.2pp

67.2%+32.8pp

Annual return

12.39%

31.73%-19.3pp

134.46%-122.1pp

160.72%-148.3pp

Employer contribution / active EE

$4,642

$3,138+47.9%

$4,821-3.7%

$2,671+73.8%

Participant deferral / active EE

$5,876

$3,411+72.3%

$5,682+3.4%

$4,126+42.4%

Admin fee / account holder

$431

$5,950-92.8%

$13,212-96.7%

$5,651-92.4%

Provider

Service type

Compensation

CARON & BLETZER, PLLC2 years

Filed as: CARON & BLETZER PLLC

Service code 10 · EIN 04-3499945

Accounting

$13,900

TRANSAMERICA RETIREMENT SOLUTIONS3 years

Filed as: TRANSAMERICA FINANCIAL LIFE INS

Service code 15 · EIN 36-6071399

Recordkeeping

$10,793

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: BLUESTAR RETIREMENT PLAN SERVICES

Service code 15

PO BOX 81889 · LINCOLN, NE 68501

Recordkeeping

$7,221

LEVEL FOUR ADVISORY SERVICES1 year

Filed as: LEVEL FOUR FINANCIAL

Service code 26 · EIN 11-3738689

Advisory (Participants)

$6,607

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB BANK

Service code 19

PO BOX 2339 · OMAHA, NE 68103

Securities Custodian

$1,238

CLIFTONLARSONALLEN LLP1 year

Filed as: CRI TPA SERVICES, LLC

Service code 15 · EIN 83-4124826

Recordkeeping

$1,140

ASCENSUS LLC3 years

Filed as: FUTUREPLAN BY ASCENSUS

Service code 15 · EIN 82-3719843

Recordkeeping

$150

SOUTHERN CRESCENT WOMEN'S HEALTHCARE, P.C. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHERN CRESCENT WOMEN'S HEALTHCARE, P.C. 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