Retirement plan

DERMATOLOGY ASSOCIATES, P.A. OF THE PALM BEACHES PROFIT SHARING PLAN

Name: DERMATOLOGY ASSOCIATES, PLLC OF THE PALM BEACHES - DERMATOLOGY ASSOCIATES, P.A. OF THE PALM BEACHES PROFIT SHARING PLAN (2015) Form 5500
Creator: DERMATOLOGY ASSOCIATES, PLLC OF THE PALM BEACHES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DERMATOLOGY ASSOCIATES, P.A. OF THE PALM BEACHES PROFIT SHARING PLAN, DERMATOLOGY ASSOCIATES, PLLC OF THE PALM BEACHES

DERMATOLOGY ASSOCIATES, PLLC OF THE PALM BEACHESEIN 59-1271292Plan #001PY 2015

120 A BUTLER STREET - WEST PALM BEACH, FL 334076107561-659-1510LinkedIn51-200 employeesmedical practice

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$3.8M

No prior year

Total participants

105

No prior year

Average account balance

$37,227

No prior year

Annual return

-4.85%

No prior year

Benchmarks

See 15,767 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort15,767 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.24M

Not enough data

1 years with asset history on file

Average account balance

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

$127K

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.

122.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$346K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+10.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5232

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 1 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY1+ years Service code 15 · EIN 26-4310632 490 E PALMETTO PARK ROAD · BOCA RATON, FL 33432	Recordkeeping	$33,116

Plan features & details

Pension benefit codes2A2E3D3H

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.
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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$33K

$395 / participant

Investment mgmt$33K99.9%
Other / not subdivided$410.1%

% of EOY assets

0.873%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MICHAEL A. CECERE, P.A.
Auditor EIN: 650101231
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,227

$75,832-50.9%

$147,618-74.8%

$59,633-37.6%

Participation rate

96.4%

71.6%+24.9pp

84.6%+11.8pp

68.7%+27.8pp

Annual return

-4.85%

0.37%-5.2pp

61.98%-66.8pp

2041.40%-2046.3pp

Employer contribution / active EE

$4,607

$3,485+32.2%

$5,565-17.2%

$2,203+109.2%

Participant deferral / active EE

$3,131-100.0%

$4,895-100.0%

$3,192-100.0%

Admin fee / account holder

$325

$5,986-94.6%

$11,612-97.2%

$4,297-92.4%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY1+ years

Service code 15 · EIN 26-4310632

490 E PALMETTO PARK ROAD · BOCA RATON, FL 33432

Recordkeeping

$33,116

DERMATOLOGY ASSOCIATES, P.A. OF THE PALM BEACHES PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DERMATOLOGY ASSOCIATES, P.A. OF THE PALM BEACHES 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