Retirement plan

PONTE VEDRA PLASTIC SURGERY, P.A. 401K PROFIT SHARING PLAN & TRUST

Name: PONTE VEDRA PLASTIC SURGERY, P.A. - PONTE VEDRA PLASTIC SURGERY, P.A. 401K PROFIT SHARING PLAN & TRUST (2022) Form 5500
Creator: PONTE VEDRA PLASTIC SURGERY, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PONTE VEDRA PLASTIC SURGERY, P.A. 401K PROFIT SHARING PLAN & TRUST, PONTE VEDRA PLASTIC SURGERY, P.A.

PONTE VEDRA PLASTIC SURGERY, P.A.EIN 59-3193989Plan #001PY 2022

209 PONTE VEDRA PARK DRIVE - PONTE VEDRA BEACH, FL 32082904-273-6200

Other plans on this EIN

1 filing

#003Retirement-$3.5M assets

Prospect flagsLow participationRecently reached 100 employeesLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$11M

-11.1% from 2021

Total participants

149

+43.3% from 2021

Average account balance

$108,312

-16.3% from 2021

Annual return

-17.02%

-35.23 pp from 2021

Benchmarks

See 5,353 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,353 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.05M

Not enough data

1 years with asset history on file

Average account balance

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

$108K

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.

102

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.

56.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$902K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

-17.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$125

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 3 by compensation

Provider	Service type	Compensation
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISORY SERVICES LLC Service code 27 C/O RETIREMENT SERVICES SOUTH 2-125 · AUSTIN, TX 78746	Advisory (Plan)	$11,543
RETIREMENT SOLUTIONS SPECIALISTS1 year Service code 15 · EIN 27-0293282 P.O. BOX 601070 · JACKSONVILLE, FL 32260	Recordkeeping	$925
LINCOLN NATIONAL CORPORATION1 year Service code 13 · EIN 35-1140070 1301 S. HARRISON ST. · FORT WAYNE, IN 46802	Contract Administrator	$180

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3D

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.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$13K

$119 / participant

Contract admin$13K100.0%

% of EOY assets

0.116%

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: PIVOT CPAS, P.A.
Auditor EIN: 200708248
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$108,312

$65,071+66.5%

$143,770-24.7%

$66,923+61.8%

Participation rate

56.1%

65.2%-9.1pp

80.3%-24.2pp

69.8%-13.7pp

Annual return

-17.02%

-11.14%-5.9pp

-0.04%-17.0pp

1.58%-18.6pp

Employer contribution / active EE

$4,412

$2,361+86.8%

$4,951-10.9%

$2,545+73.4%

Participant deferral / active EE

$4,016

$2,919+37.6%

$5,638-28.8%

$4,237-5.2%

Admin fee / account holder

$125

$502-75.1%

$14,673-99.1%

$593-78.9%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISORY SERVICES LLC

Service code 27

C/O RETIREMENT SERVICES SOUTH 2-125 · AUSTIN, TX 78746

Advisory (Plan)

$11,543

RETIREMENT SOLUTIONS SPECIALISTS1 year

Service code 15 · EIN 27-0293282

P.O. BOX 601070 · JACKSONVILLE, FL 32260

Recordkeeping

$925

LINCOLN NATIONAL CORPORATION1 year

Service code 13 · EIN 35-1140070

1301 S. HARRISON ST. · FORT WAYNE, IN 46802

Contract Administrator

$180

PONTE VEDRA PLASTIC SURGERY, P.A. 401K PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PONTE VEDRA PLASTIC SURGERY, P.A. 401K PROFIT SHARING PLAN & TRUST

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