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 (2024) 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 2024

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$12.8M

+16.1% from 2023

Total participants

111

-3.5% from 2023

Average account balance

$127,215

+21.8% from 2023

Annual return

12.99%

-2.04 pp from 2023

Benchmarks

See 21,729 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,729 peers

Snapshot2024

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

$546K

$5689 / participant

Other / not subdivided$546K100.0%

% of EOY assets

4.251%

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

$127,215

$81,276+56.5%

$155,574-18.2%

$80,925+57.2%

Participation rate

89.6%

66.2%+23.3pp

78.2%+11.4pp

67.7%+21.9pp

Annual return

12.99%

33.36%-20.4pp

64.87%-51.9pp

35.65%-22.7pp

Employer contribution / active EE

$3,056

$3,103-1.5%

$4,676-34.6%

$2,756+10.9%

Participant deferral / active EE

$5,889

$3,453+70.6%

$5,629+4.6%

$4,299+37.0%

Admin fee / account holder

$5,407

$7,993-32.4%

$15,914-66.0%

$6,940-22.1%

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