Retirement plan

DRS. BORDERS & ASSOCIATES, PSC 401(K) PROFIT SHARING PLAN

Name: DRS. BORDERS & ASSOCIATES, PSC - DRS. BORDERS & ASSOCIATES, PSC 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: DRS. BORDERS & ASSOCIATES, PSC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DRS. BORDERS & ASSOCIATES, PSC 401(K) PROFIT SHARING PLAN, DRS. BORDERS & ASSOCIATES, PSC

DRS. BORDERS & ASSOCIATES, PSCEIN 61-1140260Plan #001PY 2019

2101 NICHOLASVILLE ROAD, SUITE 106 - LEXINGTON, KY 405032517859-278-5926drsborders.comLinkedIn11-50 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.7M

+24.5% from 2018

Total participants

-3.1% from 2018

Average account balance

$156,786

+20.3% from 2018

Annual return

19.81%

+27.12 pp from 2018

Benchmarks

See 104,301 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort104,301 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.46M

Not enough data

1 years with asset history on file

Average account balance

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

$439K

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.

170.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$265K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+10.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11715

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 codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$57K

$4770 / participant

Other / not subdivided$57K100.0%

% of EOY assets

1.217%

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

$156,786

$202,342-22.5%

$172,753-9.2%

$152,909+2.5%

Participation rate

91.7%

87.1%+4.6pp

82.6%+9.0pp

82.5%+9.2pp

Annual return

19.81%

1029.88%-1010.1pp

803.00%-783.2pp

345.46%-325.7pp

Employer contribution / active EE

$9,815

$5,857+67.6%

$5,144+90.8%

$4,764+106.0%

Participant deferral / active EE

$7,012

$5,948+17.9%

$5,198+34.9%

$5,851+19.8%

Admin fee / account holder

$1,908

$17,112-88.8%

$13,956-86.3%

$11,601-83.6%

DRS. BORDERS & ASSOCIATES, PSC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DRS. BORDERS & ASSOCIATES, PSC 401(K) 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