Retirement plan

SUNIL GUPTA, M.D., L.L.C. PROFIT SHARING PLAN

Name: SUNIL GUPTA, M.D., L.L.C. - SUNIL GUPTA, M.D., L.L.C. PROFIT SHARING PLAN (2023) Form 5500
Creator: SUNIL GUPTA, M.D., L.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUNIL GUPTA, M.D., L.L.C. PROFIT SHARING PLAN, SUNIL GUPTA, M.D., L.L.C.

SUNIL GUPTA, M.D., L.L.C.EIN 59-3482386Plan #001PY 2023

5150 NORTH DAVIS HWY - PENSACOLA, FL 32503850-476-6759

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$10.7M

+17.1% from 2022

Total participants

+19.7% from 2022

Average account balance

$167,113

+15.3% from 2022

Annual return

15.30%

+32.46 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.13M

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.

121

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.

84.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$779K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+34.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16839

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH3 years Service code 17 · EIN 13-5674085	Pension Consulting	$23,860
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$8,781

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$33K

$447 / participant

Investment mgmt$10K29.2%
Contract admin$9K26.9%
Other / not subdivided$14K43.8%

% of EOY assets

0.305%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SALTMARSH, CLEVELAND, & GUND
Auditor EIN: 592922169
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$167,113

$77,908+114.5%

$149,696+11.6%

$75,173+122.3%

Participation rate

63.0%

65.6%-2.6pp

78.8%-15.8pp

67.2%-4.2pp

Annual return

15.30%

31.73%-16.4pp

134.46%-119.2pp

160.72%-145.4pp

Employer contribution / active EE

$1,754

$3,138-44.1%

$4,821-63.6%

$2,671-34.3%

Participant deferral / active EE

$3,455

$3,411+1.3%

$5,682-39.2%

$4,126-16.3%

Admin fee / account holder

$510

$5,950-91.4%

$13,212-96.1%

$5,651-91.0%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Service code 17 · EIN 13-5674085

Pension Consulting

$23,860

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$8,781

SUNIL GUPTA, M.D., L.L.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUNIL GUPTA, M.D., L.L.C. 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