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 (2022) 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 2022

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$7.8M

-28.0% from 2021

Total participants

-11.2% from 2021

Average account balance

$90,091

-18.9% from 2021

Annual return

-27.97%

-42.73 pp from 2021

Benchmarks

See 19,706 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,706 peers

Snapshot2022

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4 years Filed as: FIDELITY INVESTEMNTS Service code 37 · EIN 04-2647786 INSTITUTIONAL OPERATIONS · COVINGTON, KY 41015	Loan Processing	$11,522
RAYMOND JAMES FINANCIAL SERVICES4 years Filed as: RAYMOND JAMES FINANCIAL Service code 27 · EIN 59-2937883 SERVICES · PANAMA CITY, FL 32405	Advisory (Plan)	$11,392
CARR, RIGGS & INGRAM, LLC3 years Service code 10 · EIN 72-1396621 14101 PANAMA CITY BEACH PARKWAY · PANAMA CITY BEACH, FL 32413	Accounting	$6,500

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$36K

$815 / participant

Investment mgmt$29K81.9%
Other / not subdivided$7K18.1%

% of EOY assets

0.457%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,091

$73,848+22.0%

$143,799-37.3%

$68,486+31.5%

Participation rate

100.0%

66.7%+33.3pp

80.3%+19.7pp

67.9%+32.1pp

Annual return

-27.97%

0.91%-28.9pp

-0.04%-27.9pp

-7.85%-20.1pp

Employer contribution / active EE

$9,833

$3,184+208.8%

$4,952+98.6%

$2,597+278.7%

Participant deferral / active EE

$4,367

$3,385+29.0%

$5,638-22.6%

$4,028+8.4%

Admin fee / account holder

$412

$5,755-92.8%

$14,677-97.2%

$5,404-92.4%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Filed as: FIDELITY INVESTEMNTS

Service code 37 · EIN 04-2647786

INSTITUTIONAL OPERATIONS · COVINGTON, KY 41015

Loan Processing

$11,522

RAYMOND JAMES FINANCIAL SERVICES4 years

Filed as: RAYMOND JAMES FINANCIAL

Service code 27 · EIN 59-2937883

SERVICES · PANAMA CITY, FL 32405

Advisory (Plan)

$11,392

CARR, RIGGS & INGRAM, LLC3 years

Service code 10 · EIN 72-1396621

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

Accounting

$6,500

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