Retirement plan

GRAVES-GILBERT CLINIC REVISED PROFIT SHARING PLAN

Name: GRAVES GILBERT CLINIC PLLC - GRAVES-GILBERT CLINIC REVISED PROFIT SHARING PLAN (2024) Form 5500
Creator: GRAVES GILBERT CLINIC PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GRAVES-GILBERT CLINIC REVISED PROFIT SHARING PLAN, GRAVES GILBERT CLINIC PLLC

GRAVES GILBERT CLINIC PLLCEIN 61-0700826Plan #002PY 2024

201 PARK STREET - BOWLING GREEN, KY 42102270-781-5111LinkedIn11-50 employeesmedical practice

Other plans on this EIN

2 filings

#005Retirement-$7.5M assets #004Retirement-$305K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$187.2M

+9.7% from 2023

Total participants

1,643

+30.7% from 2023

Average account balance

$118,998

-17.9% from 2023

Annual return

13.40%

-3.97 pp from 2023

Benchmarks

See 1,433 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,433 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$187.18M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

1,573

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.

94.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.07M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$89

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
THE VANGUARD GROUP, INC.10+ years Service code 15 · EIN 23-1945930	Recordkeeping	$124,971
CARR, RIGGS & INGRAM, LLC4 years Filed as: CARR RIGGS & INGRAM Service code 10 · EIN 72-1396621	Accounting	$12,500
VALERIE T MAYER2 years Service code 29 · EIN 90-1188652	Legal	$1,934

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T

Plan features

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$139K

$110 / participant

Other / not subdivided$139K100.0%

% of EOY assets

0.074%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CARR RIGGS & INGRAM, LLC
Auditor EIN: 721396621
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$118,998

$53,254+123.5%

$155,574-23.5%

$199,921-40.5%

Participation rate

94.5%

64.1%+30.4pp

78.2%+16.3pp

72.0%+22.5pp

Annual return

13.40%

41.18%-27.8pp

64.87%-51.5pp

34.28%-20.9pp

Employer contribution / active EE

$5,055

$1,848+173.6%

$4,676+8.1%

$3,035+66.5%

Participant deferral / active EE

$3,639

$3,165+15.0%

$5,629-35.4%

$5,089-28.5%

Admin fee / account holder

$89

$186-52.3%

$15,914-99.4%

$269-67.1%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.10+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$124,971

CARR, RIGGS & INGRAM, LLC4 years

Filed as: CARR RIGGS & INGRAM

Service code 10 · EIN 72-1396621

Accounting

$12,500

VALERIE T MAYER2 years

Service code 29 · EIN 90-1188652

Legal

$1,934

GRAVES-GILBERT CLINIC REVISED PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GRAVES-GILBERT CLINIC REVISED 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