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 (2017) 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 2017

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.5M

-19.4% from 2016

Total participants

-45.6% from 2016

Average account balance

$63,700

+48.1% from 2016

Annual return

12.81%

+6.41 pp from 2016

Benchmarks

See 17,854 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,854 peers

Snapshot2017

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 BARNEY3+ years Service code 15 · EIN 26-4310632 490 E PALMETTO PARK ROAD · BOCA RATON, FL 33432	Recordkeeping	$18,317

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

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

$27K

$610 / participant

Investment mgmt$27K100.0%

% of EOY assets

0.784%

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

$63,700

$84,236-24.4%

$170,439-62.6%

$70,124-9.2%

Participation rate

97.8%

70.8%+26.9pp

83.6%+14.2pp

69.5%+28.2pp

Annual return

12.81%

23.06%-10.3pp

205.94%-193.1pp

73.14%-60.3pp

Employer contribution / active EE

$6,295

$3,387+85.9%

$5,433+15.9%

$2,342+168.7%

Participant deferral / active EE

$3,086-100.0%

$4,939-100.0%

$3,332-100.0%

Admin fee / account holder

$499

$5,698-91.2%

$13,881-96.4%

$4,645-89.2%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY3+ years

Service code 15 · EIN 26-4310632

490 E PALMETTO PARK ROAD · BOCA RATON, FL 33432

Recordkeeping

$18,317

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