Retirement plan

SURGICAL SPINE ASSOCIATES 401(K) PLAN

Name: EUGENE A BONAROTI FACS LLC DBA SURGICAL SPINE ASSOCIATES - SURGICAL SPINE ASSOCIATES 401(K) PLAN (2023) Form 5500
Creator: EUGENE A BONAROTI FACS LLC DBA SURGICAL SPINE ASSOCIATES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SURGICAL SPINE ASSOCIATES 401(K) PLAN, EUGENE A BONAROTI FACS LLC DBA SURGICAL SPINE ASSOCIATES

EUGENE A BONAROTI FACS LLC DBA SURGICAL SPINE ASSOCIATESEIN 61-1555656Plan #001PY 2023

2790 MOSSIDE BLVD - MONROEVILLE, PA 15146412-275-0227

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$329K

+74.6% from 2022

Total participants

+12.5% from 2022

Average account balance

$54,869

+45.5% from 2022

Annual return

25.47%

+47.72 pp from 2022

Benchmarks

See 108,045 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort108,045 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$480K

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

54.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$98K

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

+16.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$69

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 codes2E2G2J3D

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.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$54,869

$175,257-68.7%

$149,717-63.4%

$139,456-60.7%

Participation rate

66.7%

83.4%-16.7pp

78.8%-12.1pp

80.3%-13.7pp

Annual return

25.47%

166.70%-141.2pp

134.41%-108.9pp

373.45%-348.0pp

Employer contribution / active EE

$2,122

$5,477-61.3%

$4,820-56.0%

$4,753-55.3%

Participant deferral / active EE

$8,168

$6,521+25.3%

$5,682+43.8%

$6,711+21.7%

Admin fee / account holder

$16,156-100.0%

$13,213-100.0%

$11,407-100.0%

SURGICAL SPINE ASSOCIATES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SURGICAL SPINE ASSOCIATES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion