Retirement plan

DRS. CLACK, SPENCER, WHITE & MCCORMACK, P. A. 401(K) PROFIT SHARING PLAN

Name: DRS. CLACK, SPENCER, WHITE & MCCORMACK, P.A. - DRS. CLACK, SPENCER, WHITE & MCCORMACK, P. A. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: DRS. CLACK, SPENCER, WHITE & MCCORMACK, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DRS. CLACK, SPENCER, WHITE & MCCORMACK, P. A. 401(K) PROFIT SHARING PLAN, DRS. CLACK, SPENCER, WHITE & MCCORMACK, P.A.

DRS. CLACK, SPENCER, WHITE & MCCORMACK, P.A.EIN 59-1614252Plan #002PY 2023

2001 WEBBER STREET - SARASOTA, FL 34239941-362-8900

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11.1M

+19.5% from 2022

Total participants

115

+4.5% from 2022

Average account balance

$104,436

+20.6% from 2022

Annual return

15.03%

+28.53 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

$14.90M

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

105

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.

105.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$883K

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

+14.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6500

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2T3D

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.
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

$438K

$4511 / participant

Other / not subdivided$438K100.0%

% of EOY assets

3.953%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$104,436

$77,908+34.0%

$149,696-30.2%

$75,173+38.9%

Participation rate

90.7%

65.6%+25.1pp

78.8%+11.9pp

67.2%+23.5pp

Annual return

15.03%

31.73%-16.7pp

134.46%-119.4pp

160.72%-145.7pp

Employer contribution / active EE

$2,893

$3,138-7.8%

$4,821-40.0%

$2,671+8.3%

Participant deferral / active EE

$5,567

$3,411+63.2%

$5,682-2.0%

$4,126+34.9%

Admin fee / account holder

$4,128

$5,950-30.6%

$13,212-68.8%

$5,651-26.9%

DRS. CLACK, SPENCER, WHITE & MCCORMACK, P. A. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DRS. CLACK, SPENCER, WHITE & MCCORMACK, P. A. 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