Retirement plan

DIGESTIVE DISEASES CENTER 401(K) PROFIT SHARING PLAN

Name: DIGESTIVE DISEASES CENTER OF FLORIDA, PLLC. - DIGESTIVE DISEASES CENTER 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: DIGESTIVE DISEASES CENTER OF FLORIDA, PLLC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DIGESTIVE DISEASES CENTER 401(K) PROFIT SHARING PLAN, DIGESTIVE DISEASES CENTER OF FLORIDA, PLLC.

DIGESTIVE DISEASES CENTER OF FLORIDA, PLLC.EIN 59-2034963Plan #001PY 2020

204 E. 19TH STREET - PANAMA CITY, FL 32405850-763-5409

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$9.4M

+24.0% from 2019

Total participants

123

+1.7% from 2019

Average account balance

$76,573

+22.0% from 2019

Annual return

15.73%

-6.99 pp from 2019

Benchmarks

See 18,633 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,633 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.09M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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.

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.

194.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$655K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+13.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10964

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

Top 4 by compensation

Provider	Service type	Compensation
CARR, RIGGS & INGRAM, LLC1 year Service code 10 · EIN 72-1396621 14101 PANAMA CITY BEACH PARKWAY · PANAMA CITY BEACH, FL 32413	Accounting	$11,000
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESTEMNTS Service code 37 · EIN 04-2647786 INSTITUTIONAL OPERATIONS · COVINGTON, KY 41015	Loan Processing	$9,916
INFINEX INVESTMENTS INC1 year Service code 27 · EIN 06-1367288 BANCORPSOUTH WEALTH MANAGEMENT · PANAMA CITY, FL 32405	Advisory (Plan)	$4,506
RAYMOND JAMES FINANCIAL SERVICES2 years Filed as: RAYMOND JAMES FINANCIAL Service code 27 · EIN 59-2937883 SERVICES · PANAMA CITY, FL 32405	Advisory (Plan)	$4,129

Plan features & details

Pension benefit codes2E2G2J3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$30K

$394 / participant

Investment mgmt$19K62.8%
Other / not subdivided$11K37.2%

% of EOY assets

0.314%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CARR, RIGGS & INGRAM, LLC
Auditor EIN: 721396621
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,573

$91,179-16.0%

$178,499-57.1%

$79,852-4.1%

Participation rate

100.0%

69.2%+30.8pp

81.9%+18.1pp

69.6%+30.4pp

Annual return

15.73%

24.19%-8.5pp

151.10%-135.4pp

31.72%-16.0pp

Employer contribution / active EE

$7,117

$3,256+118.6%

$5,011+42.0%

$2,471+188.0%

Participant deferral / active EE

$3,297

$3,236+1.9%

$5,202-36.6%

$3,740-11.9%

Admin fee / account holder

$240

$6,749-96.4%

$13,986-98.3%

$5,306-95.5%

Provider

Service type

Compensation

CARR, RIGGS & INGRAM, LLC1 year

Service code 10 · EIN 72-1396621

14101 PANAMA CITY BEACH PARKWAY · PANAMA CITY BEACH, FL 32413

Accounting

$11,000

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESTEMNTS

Service code 37 · EIN 04-2647786

INSTITUTIONAL OPERATIONS · COVINGTON, KY 41015

Loan Processing

$9,916

INFINEX INVESTMENTS INC1 year

Service code 27 · EIN 06-1367288

BANCORPSOUTH WEALTH MANAGEMENT · PANAMA CITY, FL 32405

Advisory (Plan)

$4,506

RAYMOND JAMES FINANCIAL SERVICES2 years

Filed as: RAYMOND JAMES FINANCIAL

Service code 27 · EIN 59-2937883

SERVICES · PANAMA CITY, FL 32405

Advisory (Plan)

$4,129

DIGESTIVE DISEASES CENTER 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DIGESTIVE DISEASES CENTER 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