Retirement plan

BORLAND-GROOVER CLINIC, P.A. PROFIT SHARING PLAN AND TRUST

Name: BORLAND-GROOVER CLINIC, P.A. - BORLAND-GROOVER CLINIC, P.A. PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: BORLAND-GROOVER CLINIC, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BORLAND-GROOVER CLINIC, P.A. PROFIT SHARING PLAN AND TRUST, BORLAND-GROOVER CLINIC, P.A.

BORLAND-GROOVER CLINIC, P.A.EIN 59-1784470Plan #002PY 2023

4800 BELFORT RD, ADMIN BUILDING - JACKSONVILLE, FL 32256904-398-3262LinkedIn501-1000 employeesmedical practice

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$107.9M

+18.1% from 2022

Total participants

956

+13.1% from 2022

Average account balance

$123,896

+8.0% from 2022

Annual return

16.84%

+31.46 pp from 2022

Benchmarks

See 4,036 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,036 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$127.01M

Not enough data

1 years with asset history on file

Average account balance

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

$132K

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.

965

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.

96.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+15.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$139

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 6 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC6 years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$92,058
ANDCO CONSULTING6 years Filed as: ANDCO CONSULTING, LLC Service code 16 4901 VINELAND RD · ORLANDO, FL 32811	Consulting	$41,250
BDO USA, LLP2 years Filed as: BDO, USA P.C Service code 10 PO BOX 642743 · PITTSBURGH, PA 15264	Accounting	$34,981
DELOITTE & TOUCHE LLP2 years Filed as: DELOITTE TAX LLP Service code 10 P.O. BOX 844736 · DALLAS, TX 75284	Accounting	$16,905
J L BAINBRIDGE &COMPANY INC2 years Service code 26 · EIN 22-2744265	Advisory (Participants)	$6,935
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB & CO. INC. Service code 33 · EIN 94-1737782	Float revenue; Direct payment from th...	$128

Plan features & details

Pension benefit codes2A2E2F2G2J3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$193K

$239 / participant

Recordkeeping$88K45.8%
Investment mgmt$65K34.0%
Other / not subdivided$39K20.3%

% of EOY assets

0.178%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PIVOT CPAS
Auditor EIN: 200708248
Audit fees: $34,981
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$123,896

$47,180+162.6%

$149,723-17.3%

$74,473+66.4%

Participation rate

89.5%

63.4%+26.1pp

78.8%+10.7pp

70.7%+18.7pp

Annual return

16.84%

22.75%-5.9pp

134.50%-117.7pp

34.36%-17.5pp

Employer contribution / active EE

$8,345

$1,907+337.6%

$4,821+73.1%

$2,638+216.3%

Participant deferral / active EE

$3,115

$2,730+14.1%

$5,682-45.2%

$4,530-31.2%

Admin fee / account holder

$221

$343-35.6%

$13,215-98.3%

$347-36.3%

Provider

Service type

Compensation

T ROWE PRICE RPS INC6 years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$92,058

ANDCO CONSULTING6 years

Filed as: ANDCO CONSULTING, LLC

Service code 16

4901 VINELAND RD · ORLANDO, FL 32811

Consulting

$41,250

BDO USA, LLP2 years

Filed as: BDO, USA P.C

Service code 10

PO BOX 642743 · PITTSBURGH, PA 15264

Accounting

$34,981

DELOITTE & TOUCHE LLP2 years

Filed as: DELOITTE TAX LLP

Service code 10

P.O. BOX 844736 · DALLAS, TX 75284

Accounting

$16,905

J L BAINBRIDGE &COMPANY INC2 years

Service code 26 · EIN 22-2744265

Advisory (Participants)

$6,935

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB & CO. INC.

Service code 33 · EIN 94-1737782

Float revenue; Direct payment from th...

$128

BORLAND-GROOVER CLINIC, P.A. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BORLAND-GROOVER CLINIC, P.A. PROFIT SHARING PLAN AND TRUST

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