Retirement plan

CLEARWATER CARDIOVASCULAR AND INTERVENTIONAL CONSULTANTS, MD, PA 401(K) PROFIT SHARING PLAN

Name: CLEARWATER CARDIOVASCULAR AND INTERVENTIONAL CONSULTANTS, MD, PA - CLEARWATER CARDIOVASCULAR AND INTERVENTIONAL CONSULTANTS, MD, PA 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: CLEARWATER CARDIOVASCULAR AND INTERVENTIONAL CONSULTANTS, MD, PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLEARWATER CARDIOVASCULAR AND INTERVENTIONAL CONSULTANTS, MD, PA 401(K) PROFIT SHARING PLAN, CLEARWATER CARDIOVASCULAR AND INTERVENTIONAL CONSULTANTS, MD, PA

CLEARWATER CARDIOVASCULAR AND INTERVENTIONAL CONSULTANTS, MD, PAEIN 59-1707138Plan #001PY 2024

455 PINELLAS STREET, SUITE 400 - CLEARWATER, FL 33756727-445-1992LinkedIn51-200 employeesmedical practice

Prospect flagsRecently cancelled planLow returnsFailed to transmit contributionsWind-down / frozen

How to read this page

Total assets (EOY)

-100.0% from 2023

Total participants

-100.0% from 2023

Average account balance

-100.0% from 2023

Annual return

-69.41%

-83.47 pp from 2023

Benchmarks

See 109,631 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,631 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-69.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 8 by compensation

Provider	Service type	Compensation
PROVISE MANAGEMENT GROUP LLC10+ years Service code 27 611 DRUID RD E, STE 105 · CLEARWATER, FL 33756	Advisory (Plan)	$65,586
CHARLES SCHWAB & CO., INC.10+ years Filed as: CHARLES SCHWAB Service code 19 · EIN 42-1558009	Securities Custodian	$45,607
LPL FINANCIAL10+ years Filed as: LPL FINANCIAL GROUP Service code 28 311 PARK PLACE BLVD STE 150 · CLEARWATER, FL 33759	Investment Management	$37,134
MORGAN STANLEY SMITH BARNEY10+ years Filed as: MORGANSTANLEY Service code 28 601 CLEVELAND ST, STE 700 · CLEARWATER, FL 33755	Investment Management	$28,968
RAYMOND JAMES FINANCIAL SERVICES4 years Filed as: RAYMOND JAMES Service code 19 600 CLEVELAND ST STE 1150 · CLEARWATER, FL 33755	Securities Custodian	$28,655
PCS RETIREMENT, LLC3 years Filed as: PCS Service code 15 4010 BOYSCOUT BLVD, STE 450 · TAMPA, FL 33607	Recordkeeping	$28,391
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH Service code 18 1 PROGRESS PLAZA, STE 1400 · ST PETERSBURG, FL 33701	Securities brokerage; Custodial (othe...	$25,492
FLORIDA RETIREMENT CONSULTANTS10+ years Service code 13 16703 EARLY RISER AVE STE 210 · LAND O LAKES, FL 34638	Contract Administrator	$13,321

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D2R

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

4 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
InformationalRecently cancelled plan
Plan reported a final filing / termination within the last year.

Expense breakdown

Schedule H Part II

Admin total

$273K

Recordkeeping$28K10.4%
Investment mgmt$231K84.7%
Contract admin$13K4.9%

% of EOY assets

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: SPOOR BUNCH FRANZ
Auditor EIN: 364818378
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$183,592-100.0%

$155,567-100.0%

$145,959-100.0%

Participation rate

0.0%

82.7%-82.7pp

78.2%-78.2pp

80.3%-80.3pp

Annual return

-69.41%

61.24%-130.6pp

64.74%-134.1pp

561.95%-631.4pp

Employer contribution / active EE

$5,315-100.0%

$4,674-100.0%

$4,661-100.0%

Participant deferral / active EE

$6,464-100.0%

$5,628-100.0%

$6,689-100.0%

Admin fee / account holder

$19,318-100.0%

$15,916-100.0%

$13,398-100.0%

Provider

Service type

Compensation

PROVISE MANAGEMENT GROUP LLC10+ years

Service code 27

611 DRUID RD E, STE 105 · CLEARWATER, FL 33756

Advisory (Plan)

$65,586

CHARLES SCHWAB & CO., INC.10+ years

Filed as: CHARLES SCHWAB

Service code 19 · EIN 42-1558009

Securities Custodian

$45,607

LPL FINANCIAL10+ years

Filed as: LPL FINANCIAL GROUP

Service code 28

311 PARK PLACE BLVD STE 150 · CLEARWATER, FL 33759

Investment Management

$37,134

MORGAN STANLEY SMITH BARNEY10+ years

Filed as: MORGANSTANLEY

Service code 28

601 CLEVELAND ST, STE 700 · CLEARWATER, FL 33755

Investment Management

$28,968

RAYMOND JAMES FINANCIAL SERVICES4 years

Filed as: RAYMOND JAMES

Service code 19

600 CLEVELAND ST STE 1150 · CLEARWATER, FL 33755

Securities Custodian

$28,655

PCS RETIREMENT, LLC3 years

Filed as: PCS

Service code 15

4010 BOYSCOUT BLVD, STE 450 · TAMPA, FL 33607

Recordkeeping

$28,391

MERRILL LYNCH PIERCE FENNER & SMITH10+ years

Filed as: MERRILL LYNCH

Service code 18

1 PROGRESS PLAZA, STE 1400 · ST PETERSBURG, FL 33701

Securities brokerage; Custodial (othe...

$25,492

FLORIDA RETIREMENT CONSULTANTS10+ years

Service code 13

16703 EARLY RISER AVE STE 210 · LAND O LAKES, FL 34638

Contract Administrator

$13,321

CLEARWATER CARDIOVASCULAR AND INTERVENTIONAL CONSULTANTS, MD, PA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLEARWATER CARDIOVASCULAR AND INTERVENTIONAL CONSULTANTS, MD, PA 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