Retirement plan

OCALA DERMATOLOGY AND SKIN CANCER CENTER PA 401 (K) PLAN

Name: OCALA DERMATOLOGY AND SKIN CANCER CENTER, P.A. - OCALA DERMATOLOGY AND SKIN CANCER CENTER PA 401 (K) PLAN (2022) Form 5500
Creator: OCALA DERMATOLOGY AND SKIN CANCER CENTER, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OCALA DERMATOLOGY AND SKIN CANCER CENTER PA 401 (K) PLAN, OCALA DERMATOLOGY AND SKIN CANCER CENTER, P.A.

OCALA DERMATOLOGY AND SKIN CANCER CENTER, P.A.EIN 59-3238249Plan #001PY 2022

3233 SW 33RD RD. #101 - OCALA, FL 34474352-237-2322ocaladerm.comLinkedIn11-50 employeesmedical practice

Other plans on this EIN

1 filing

#004Retirement-$6.9M assets

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$190K

-8.4% from 2021

Total participants

-3.7% from 2021

Average account balance

$21,092

+1.8% from 2021

Annual return

-18.46%

-31.44 pp from 2021

Benchmarks

See 19,701 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,701 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.57M

Not enough data

1 years with asset history on file

Average account balance

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

$270K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$444K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+7.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$81194

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 codes2F2G2J2T

Plan features

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$191

$7 / participant

Other / not subdivided$191100.0%

% of EOY assets

0.101%

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

$21,092

$73,863-71.4%

$143,797-85.3%

$68,490-69.2%

Participation rate

34.6%

66.7%-32.0pp

80.3%-45.7pp

67.9%-33.3pp

Annual return

-18.46%

0.91%-19.4pp

-0.04%-18.4pp

-7.85%-10.6pp

Employer contribution / active EE

$3,185-100.0%

$4,952-100.0%

$2,597-100.0%

Participant deferral / active EE

$804

$3,385-76.2%

$5,638-85.7%

$4,028-80.0%

Admin fee / account holder

$21

$5,756-99.6%

$14,679-99.9%

$5,403-99.6%

OCALA DERMATOLOGY AND SKIN CANCER CENTER PA 401 (K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OCALA DERMATOLOGY AND SKIN CANCER CENTER PA 401 (K) 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