Retirement plan

CITRUS CARDIOLOGY CONSULTANTS, PA PROFIT SHARING PLAN

Name: CITRUS CARDIOLOGY CONSULTANTS, PA - CITRUS CARDIOLOGY CONSULTANTS, PA PROFIT SHARING PLAN (2020) Form 5500
Creator: CITRUS CARDIOLOGY CONSULTANTS, PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CITRUS CARDIOLOGY CONSULTANTS, PA PROFIT SHARING PLAN, CITRUS CARDIOLOGY CONSULTANTS, PA

CITRUS CARDIOLOGY CONSULTANTS, PAEIN 59-2123944Plan #002PY 2020

308 WEST HIGHLAND BOULEVARD - INVERNESS, FL 344524716352-726-8353citruscardiology.orgLinkedIn51-200 employeesmedical practice

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$15.3M

+18.2% from 2019

Total participants

184

+16.5% from 2019

Average account balance

$83,330

+1.5% from 2019

Annual return

15.57%

-5.83 pp from 2019

Benchmarks

See 5,414 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,414 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.85M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

207

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$252

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 5 by compensation

Provider	Service type	Compensation
RETIREMENT SOLUTIONS SPECIALISTS3 years Service code 13 · EIN 27-0293282	Contract Administrator	$2,718
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 15 · EIN 04-1590850	Recordkeeping	$1,338
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
MESIROW FINANCIAL INVESTMENT MANAGE2 years Filed as: MESIROW FINANCIAL INVESTMENT MGMT Service code 49 · EIN 36-3429599	Other Services	$0
PLANNING CORP OF AMERICA2 years Filed as: PLANNING CORP. OF AMERICA Service code 27 · EIN 59-1199408	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$4K

$28 / participant

Contract admin$4K100.0%

% of EOY assets

0.026%

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: ASSURANCE DIMENSIONS
Auditor EIN: 263429295
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,330

$58,895+41.5%

$178,503-53.3%

$73,497+13.4%

Participation rate

100.0%

66.2%+33.8pp

81.9%+18.1pp

70.7%+29.3pp

Annual return

15.57%

24.86%-9.3pp

151.12%-135.5pp

28.51%-12.9pp

Employer contribution / active EE

$2,123

$2,236-5.1%

$5,011-57.6%

$2,270-6.5%

Participant deferral / active EE

$3,826

$2,567+49.0%

$5,202-26.5%

$3,740+2.3%

Admin fee / account holder

$22

$400-94.5%

$13,987-99.8%

$513-95.7%

Provider

Service type

Compensation

RETIREMENT SOLUTIONS SPECIALISTS3 years

Service code 13 · EIN 27-0293282

Contract Administrator

$2,718

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 15 · EIN 04-1590850

Recordkeeping

$1,338

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC

Service code 27 · EIN 61-1732930

Advisory (Plan)

MESIROW FINANCIAL INVESTMENT MANAGE2 years

Filed as: MESIROW FINANCIAL INVESTMENT MGMT

Service code 49 · EIN 36-3429599

Other Services

PLANNING CORP OF AMERICA2 years

Filed as: PLANNING CORP. OF AMERICA

Service code 27 · EIN 59-1199408

Advisory (Plan)

CITRUS CARDIOLOGY CONSULTANTS, PA PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CITRUS CARDIOLOGY CONSULTANTS, PA 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