Retirement plan

SOUTHEAST LUNG AND CRITICAL CARE SPECIALISTS, P.C. 401(K) PLAN

Name: SOUTHEAST LUNG AND CRITICAL CARE SPECIALISTS, P.C. D/B/A SOUTHEAST LUN - SOUTHEAST LUNG AND CRITICAL CARE SPECIALISTS, P.C. 401(K) PLAN (2019) Form 5500
Creator: SOUTHEAST LUNG AND CRITICAL CARE SPECIALISTS, P.C. D/B/A SOUTHEAST LUN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHEAST LUNG AND CRITICAL CARE SPECIALISTS, P.C. 401(K) PLAN, SOUTHEAST LUNG AND CRITICAL CARE SPECIALISTS, P.C. D/B/A SOUTHEAST LUN

SOUTHEAST LUNG AND CRITICAL CARE SPECIALISTS, P.C. D/B/A SOUTHEAST LUNEIN 58-2362019Plan #001PY 2019

340 HODGSON COURT, SUITE 2 - SAVANNAH, GA 314061523912-629-2290LinkedIn51-200 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$1.0M assets

Prospect flagsHigh feesLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.2M

+3.3% from 2018

Total participants

146

-15.1% from 2018

Average account balance

$62,810

+54.0% from 2018

Annual return

18.88%

+23.52 pp from 2018

Benchmarks

See 5,342 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,342 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.34M

Not enough data

1 years with asset history on file

Average account balance

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

$146K

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.

88.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$522K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$18051

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 3 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$28,693
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES & ASSOCIATES, INC. Service code 27 · EIN 59-1237041	Advisory (Plan)	$7,051
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASS MUTUAL LIFE INS CO Service code 15 · EIN 04-1590850	Recordkeeping	$380

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3H

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.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$38K

$288 / participant

Contract admin$38K100.0%

% of EOY assets

0.535%

all-in expense ratio

Categories reported

1 / 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: CAINES, HODGES & COMPANY, P.C.
Auditor EIN: 582579944
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$62,810

$52,961+18.6%

$172,752-63.6%

$65,185-3.6%

Participation rate

75.9%

66.2%+9.7pp

82.6%-6.7pp

70.2%+5.7pp

Annual return

18.88%

30.12%-11.2pp

802.97%-784.1pp

29.38%-10.5pp

Employer contribution / active EE

$3,009

$2,190+37.4%

$5,144-41.5%

$2,177+38.2%

Participant deferral / active EE

$2,868

$2,471+16.1%

$5,198-44.8%

$3,514-18.4%

Admin fee / account holder

$336

$472-28.8%

$13,955-97.6%

$847-60.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$28,693

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES & ASSOCIATES, INC.

Service code 27 · EIN 59-1237041

Advisory (Plan)

$7,051

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASS MUTUAL LIFE INS CO

Service code 15 · EIN 04-1590850

Recordkeeping

$380

SOUTHEAST LUNG AND CRITICAL CARE SPECIALISTS, P.C. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHEAST LUNG AND CRITICAL CARE SPECIALISTS, 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