Retirement plan

CITRUS CARDIOLOGY CONSULTANTS, PA PROFIT SHARING PLAN

Name: CITRUS CARDIOLOGY CONSULTANTS, PA - CITRUS CARDIOLOGY CONSULTANTS, PA PROFIT SHARING PLAN (2022) 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 2022

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)

$13.1M

-12.8% from 2021

Total participants

201

+2.6% from 2021

Average account balance

$65,334

-18.9% from 2021

Annual return

-17.39%

-31.65 pp from 2021

Benchmarks

See 5,345 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,345 peers

Snapshot2022

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
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES FINANCIAL SERVICES AD Service code 27 · EIN 59-2937883	Advisory (Plan)	$27,023
RETIREMENT SOLUTIONS SPECIALISTS5 years Service code 13 · EIN 27-0293282	Contract Administrator	$8,403
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$1,841
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 15 · EIN 84-0467907	Recordkeeping	$300
DEFINITI LLC1 year Service code 99 2201 TIMBERLOCH PL STE 150 · THE WOODLANDS, TX 77380	Other Fees	$30

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

$33K

$239 / participant

Investment mgmt$27K81.9%
Contract admin$6K18.1%

% of EOY assets

0.251%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,334

$65,125+0.3%

$143,797-54.6%

$66,949-2.4%

Participation rate

100.0%

65.2%+34.8pp

80.3%+19.7pp

69.8%+30.2pp

Annual return

-17.39%

-11.13%-6.3pp

-0.04%-17.4pp

1.57%-19.0pp

Employer contribution / active EE

$2,982

$2,362+26.2%

$4,952-39.8%

$2,545+17.1%

Participant deferral / active EE

$5,350

$2,920+83.2%

$5,638-5.1%

$4,239+26.2%

Admin fee / account holder

$164

$503-67.3%

$14,679-98.9%

$594-72.3%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES FINANCIAL SERVICES AD

Service code 27 · EIN 59-2937883

Advisory (Plan)

$27,023

RETIREMENT SOLUTIONS SPECIALISTS5 years

Service code 13 · EIN 27-0293282

Contract Administrator

$8,403

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$1,841

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 15 · EIN 84-0467907

Recordkeeping

$300

DEFINITI LLC1 year

Service code 99

2201 TIMBERLOCH PL STE 150 · THE WOODLANDS, TX 77380

Other Fees

$30

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