Retirement plan

COASTAL ORTHOPEDICS & SPORTS MEDICINE OF SOUTHWEST FLORIDA 401(K) PROFIT SHARING PLAN

Name: COASTAL ORTHOPEDICS & SPORTS MEDICINE OF SOUTHWEST FLORIDA, P.A. - COASTAL ORTHOPEDICS & SPORTS MEDICINE OF SOUTHWEST FLORIDA 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: COASTAL ORTHOPEDICS & SPORTS MEDICINE OF SOUTHWEST FLORIDA, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COASTAL ORTHOPEDICS & SPORTS MEDICINE OF SOUTHWEST FLORIDA 401(K) PROFIT SHARING PLAN, COASTAL ORTHOPEDICS & SPORTS MEDICINE OF SOUTHWEST FLORIDA, P.A.

COASTAL ORTHOPEDICS & SPORTS MEDICINE OF SOUTHWEST FLORIDA, P.A.EIN 59-1466615Plan #002PY 2024

8000 SR 64 EAST - BRADENTON, FL 34212941-792-1404LinkedIn1-10 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$25.2M

+29.2% from 2023

Total participants

312

+11.4% from 2023

Average account balance

$81,599

+16.2% from 2023

Annual return

20.61%

-0.21 pp from 2023

Benchmarks

See 5,993 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,993 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.21M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

309

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.

98.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.57M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+20.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$304

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
IFP ADVISORS INC DBA INDEPENDENT FI7 years Filed as: IFP ADVISORS, INC. Service code 26 · EIN 59-3331424 3030 N. ROCKY POINT DR. · TAMPA, FL 33607	Advisory (Participants)	$50,975
NATIONWIDE7 years Service code 15 · EIN 95-2130882 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$49,097
NEWPORT GROUP, INC.6 years Service code 15 · EIN 42-1451295 200 DRYDEN RD SUITE 3500 · DRESHER, PA 19025	Recordkeeping	$28,526
BISON WEALTH LLC2 years Service code 26 · EIN 46-0955252 3500 LENNOX RD NE · ATLANTA, GA 30326	Advisory (Participants)	$20,490

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

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.
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

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

$94K

$439 / participant

Contract admin$94K100.0%

% of EOY assets

0.372%

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: CBIZ CPAS PC
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,599

$55,470+47.1%

$155,556-47.5%

$74,478+9.6%

Participation rate

98.6%

61.9%+36.7pp

78.2%+20.4pp

67.2%+31.4pp

Annual return

20.61%

269.80%-249.2pp

64.84%-44.2pp

1370.56%-1349.9pp

Employer contribution / active EE

$6,762

$2,267+198.3%

$4,675+44.6%

$2,626+157.5%

Participant deferral / active EE

$5,253

$2,838+85.1%

$5,631-6.7%

$4,350+20.8%

Admin fee / account holder

$304

$1,744-82.6%

$15,885-98.1%

$1,946-84.4%

Provider

Service type

Compensation

IFP ADVISORS INC DBA INDEPENDENT FI7 years

Filed as: IFP ADVISORS, INC.

Service code 26 · EIN 59-3331424

3030 N. ROCKY POINT DR. · TAMPA, FL 33607

Advisory (Participants)

$50,975

NATIONWIDE7 years

Service code 15 · EIN 95-2130882

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$49,097

NEWPORT GROUP, INC.6 years

Service code 15 · EIN 42-1451295

200 DRYDEN RD SUITE 3500 · DRESHER, PA 19025

Recordkeeping

$28,526

BISON WEALTH LLC2 years

Service code 26 · EIN 46-0955252

3500 LENNOX RD NE · ATLANTA, GA 30326

Advisory (Participants)

$20,490

COASTAL ORTHOPEDICS & SPORTS MEDICINE OF SOUTHWEST FLORIDA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COASTAL ORTHOPEDICS & SPORTS MEDICINE OF SOUTHWEST FLORIDA 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