Retirement plan

RETIREMENT PLAN FOR EMPLOYEES OF FAMILY MEDICINE CENTER OF CLEVELAND, TENNESSEE

Name: FAMILY MEDICINE CENTER OF CLEVELAND, TENNESSEE - RETIREMENT PLAN FOR EMPLOYEES OF FAMILY MEDICINE CENTER OF CLEVELAND, TENNESSEE (2020) Form 5500
Creator: FAMILY MEDICINE CENTER OF CLEVELAND, TENNESSEE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RETIREMENT PLAN FOR EMPLOYEES OF FAMILY MEDICINE CENTER OF CLEVELAND, TENNESSEE, FAMILY MEDICINE CENTER OF CLEVELAND, TENNESSEE

FAMILY MEDICINE CENTER OF CLEVELAND, TENNESSEEEIN 62-0536361Plan #001PY 2020

2700 WESTSIDE DRIVE, SUITE 103 - CLEVELAND, TN 37312423-472-1511

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$7.6M

+24.4% from 2019

Total participants

0.0% from 2019

Average account balance

$359,619

+24.4% from 2019

Annual return

21.32%

+7.59 pp from 2019

Benchmarks

See 102,105 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,105 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.19M

Not enough data

1 years with asset history on file

Average account balance

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

$456K

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.

233.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+20.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$30701

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 codes2F2G2T3B3D

Plan features

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$2K

$109 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.030%

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

$359,619

$209,428+71.7%

$178,498+101.5%

$158,950+126.2%

Participation rate

100.0%

86.4%+13.6pp

81.9%+18.1pp

82.0%+18.0pp

Annual return

21.32%

188.78%-167.5pp

151.09%-129.8pp

302.91%-281.6pp

Employer contribution / active EE

$8,903

$5,707+56.0%

$5,011+77.7%

$4,762+87.0%

Participant deferral / active EE

$5,955-100.0%

$5,202-100.0%

$5,983-100.0%

Admin fee / account holder

$109

$17,077-99.4%

$13,985-99.2%

$11,248-99.0%

RETIREMENT PLAN FOR EMPLOYEES OF FAMILY MEDICINE CENTER OF CLEVELAND, TENNESSEE

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RETIREMENT PLAN FOR EMPLOYEES OF FAMILY MEDICINE CENTER OF CLEVELAND, TENNESSEE

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