Retirement plan

ENDOSCOPY CENTER OF OCALA, INC. 401(K) PROFIT SHARING PLAN

Name: ENDOSCOPY CENTER OF OCALA, INC. - ENDOSCOPY CENTER OF OCALA, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: ENDOSCOPY CENTER OF OCALA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ENDOSCOPY CENTER OF OCALA, INC. 401(K) PROFIT SHARING PLAN, ENDOSCOPY CENTER OF OCALA, INC.

ENDOSCOPY CENTER OF OCALA, INC.EIN 59-3088327Plan #001PY 2024

1901 SOUTHEAST 18TH AVENUE, BUILDING 400 - OCALA, FL 344718213352-732-8905endoscopycenterofocala.comLinkedIn11-50 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$12.7M

+14.1% from 2023

Total participants

152

+2.7% from 2023

Average account balance

$92,007

+11.6% from 2023

Annual return

13.45%

+0.43 pp from 2023

Benchmarks

See 6,026 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,026 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$12.70M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

138

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.

86.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$478

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
ONEDIGITAL INVESTMENT ADVISORS LLC2 years Filed as: ONEDIGITAL INVESTMENT ADVISORS Service code 27 PO BOX 735399 · DALLAS, TX 753735399	Advisory (Plan)	$15,671
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$10,223
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ADVISORY GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$5,298
PENTEGRA SERVICES, INC.4 years Filed as: PENTEGRA RETIREMENT SERVICES Service code 13 5350 77 CENTER DR. SUITE 200 · CHARLOTTE, NC 28217	Contract Administrator	$1,100

Plan features & details

Pension benefit codes2A2E2G2R3D2F2J

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

$66K

$629 / participant

Contract admin$66K100.0%

% of EOY assets

0.520%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: PURVIS, GRAY & COMPANY, LLP
Auditor EIN: 590548468
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,007

$55,415+66.0%

$155,509-40.8%

$74,495+23.5%

Participation rate

86.7%

61.9%+24.8pp

78.2%+8.5pp

67.2%+19.5pp

Annual return

13.45%

268.50%-255.0pp

64.67%-51.2pp

1364.94%-1351.5pp

Employer contribution / active EE

$8,159

$2,267+259.9%

$4,672+74.6%

$2,623+211.1%

Participant deferral / active EE

$1,669

$2,836-41.1%

$5,626-70.3%

$4,346-61.6%

Admin fee / account holder

$478

$1,738-72.5%

$15,912-97.0%

$1,942-75.4%

Provider

Service type

Compensation

ONEDIGITAL INVESTMENT ADVISORS LLC2 years

Filed as: ONEDIGITAL INVESTMENT ADVISORS

Service code 27

PO BOX 735399 · DALLAS, TX 753735399

Advisory (Plan)

$15,671

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$10,223

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ADVISORY GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$5,298

PENTEGRA SERVICES, INC.4 years

Filed as: PENTEGRA RETIREMENT SERVICES

Service code 13

5350 77 CENTER DR. SUITE 200 · CHARLOTTE, NC 28217

Contract Administrator

$1,100

ENDOSCOPY CENTER OF OCALA, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ENDOSCOPY CENTER OF OCALA, INC. 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