Retirement plan

401 (K) PROFIT SHARING PLAN FOR EMPLOYEES OF BENDER CHIROPRACTIC CENTER, P.A.

Name: BENDER CHIROPRACTIC CENTER PA - 401 (K) PROFIT SHARING PLAN FOR EMPLOYEES OF BENDER CHIROPRACTIC CENTER, P.A. (2022) Form 5500
Creator: BENDER CHIROPRACTIC CENTER PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401 (K) PROFIT SHARING PLAN FOR EMPLOYEES OF BENDER CHIROPRACTIC CENTER, P.A., BENDER CHIROPRACTIC CENTER PA

BENDER CHIROPRACTIC CENTER PAEIN 59-3293606Plan #001PY 2022

321 INDIAN ROCKS RD N STE C - BELLEAIR BLUFFS, FL 337702000727-559-7881benderchiropractic.coLinkedIn1-10 employeesmedical practice

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$45K

-6.0% from 2021

Total participants

-4.2% from 2021

Average account balance

$2,257

-1.3% from 2021

Annual return

-19.41%

-37.35 pp from 2021

Benchmarks

See 469 peers

Peer group

IndustryUnknown

Plan typeDefined contribution

Participants<25

Cohort469 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$106K

Not enough data

1 years with asset history on file

Average account balance

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

$7K

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.

400.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+13.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25

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 codes2G3D2J2T

Plan features

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

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$5K

$386 / participant

Other / not subdivided$5K100.0%

% of EOY assets

10.259%

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

$2,257

$60,558-96.3%

$134,509-98.3%

Participation rate

75.0%

67.2%+7.8pp

81.2%-6.2pp

Annual return

-19.41%

-11.14%-8.3pp

418.13%-437.5pp

Employer contribution / active EE

$2,733-100.0%

$4,741-100.0%

Participant deferral / active EE

$921

$4,114-77.6%

$6,400-85.6%

Admin fee / account holder

$232

$4,039-94.3%

$11,427-98.0%

401 (K) PROFIT SHARING PLAN FOR EMPLOYEES OF BENDER CHIROPRACTIC CENTER, P.A.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401 (K) PROFIT SHARING PLAN FOR EMPLOYEES OF BENDER CHIROPRACTIC CENTER, P.A.

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