Retirement plan

KLYE ABSHIRE & JAMES HOFFMAN CO-TRUSTEES FOR A PROFIT SHARING PLAN

Name: DR KYLE D ABSHIRE & DR JAMES R HOFFMAN PA - KLYE ABSHIRE & JAMES HOFFMAN CO-TRUSTEES FOR A PROFIT SHARING PLAN (2024) Form 5500
Creator: DR KYLE D ABSHIRE & DR JAMES R HOFFMAN PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KLYE ABSHIRE & JAMES HOFFMAN CO-TRUSTEES FOR A PROFIT SHARING PLAN, DR KYLE D ABSHIRE & DR JAMES R HOFFMAN PA

DR KYLE D ABSHIRE & DR JAMES R HOFFMAN PAEIN 59-2812237Plan #001PY 2024

905 PARK AVE STE 100 - ORANGE PARK, FL 320734110904-264-1206

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.9M

+11.0% from 2023

Total participants

-35.5% from 2023

Average account balance

$169,418

+89.4% from 2023

Annual return

11.64%

-5.47 pp from 2023

Benchmarks

See 109,298 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.25M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$80K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$95868

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2T3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$71K

$4195 / participant

Other / not subdivided$71K100.0%

% of EOY assets

2.476%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$169,418

$183,516-7.7%

$155,534+8.9%

$145,884+16.1%

Participation rate

82.4%

82.7%-0.4pp

78.2%+4.1pp

80.3%+2.1pp

Annual return

11.64%

61.43%-49.8pp

64.92%-53.3pp

551.85%-540.2pp

Employer contribution / active EE

$3,235

$5,315-39.1%

$4,675-30.8%

$4,662-30.6%

Participant deferral / active EE

$6,467-100.0%

$5,630-100.0%

$6,690-100.0%

Admin fee / account holder

$4,195

$19,293-78.3%

$15,900-73.6%

$13,392-68.7%

KLYE ABSHIRE & JAMES HOFFMAN CO-TRUSTEES FOR A PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KLYE ABSHIRE & JAMES HOFFMAN CO-TRUSTEES FOR A 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