Retirement plan

DICKSON MEDICAL ASSOCIATES PROFITSHARING PLAN

Name: DICKSON MEDICAL ASSOCIATES P.C. - DICKSON MEDICAL ASSOCIATES PROFITSHARING PLAN (2016) Form 5500
Creator: DICKSON MEDICAL ASSOCIATES P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DICKSON MEDICAL ASSOCIATES PROFITSHARING PLAN, DICKSON MEDICAL ASSOCIATES P.C.

DICKSON MEDICAL ASSOCIATES P.C.EIN 62-0811691Plan #002PY 2016

127 CRESTVIEW PARK DRIVE - DICKSON, TN 37055615-446-5121drbrookadams.comLinkedIn201-500 employees

Prospect flagsHigh feesHigh cash

How to read this page

Total assets (EOY)

$27.7M

-0.4% from 2015

Total participants

314

+5.7% from 2015

Average account balance

$95,408

-5.9% from 2015

Annual return

6.65%

+6.93 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.20M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

693

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.

97.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.70M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$164

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
MUTUAL FUND2+ years Filed as: THE MUTUAL FUND ST. NASHVILLE Service code 27 109 WEST PARK · BRENTWOOD, TN 37067	Advisory (Plan)	$65,925
ASCENSUS LLC2+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754	Recordkeeping	$24,810
SMART 401(K), LLC2+ years Service code 27 · EIN 20-0193857	Advisory (Plan)	$13,185

Plan features & details

Pension benefit codes2E2F2G2T2J3D2A

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$104K

$517 / participant

Investment mgmt$79K76.1%
Contract admin$25K23.9%

% of EOY assets

0.376%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KRAFT CPAS PLLC
Auditor EIN: 620713250
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$95,408

$46,732+104.2%

$156,551-39.1%

$55,167+72.9%

Participation rate

88.1%

65.8%+22.3pp

84.0%+4.0pp

69.0%+19.1pp

Annual return

6.65%

17.72%-11.1pp

32.23%-25.6pp

169.23%-162.6pp

Employer contribution / active EE

$4,770

$2,105+126.6%

$5,501-13.3%

$1,963+143.0%

Participant deferral / active EE

$3,529

$2,204+60.1%

$4,871-27.6%

$3,054+15.5%

Admin fee / account holder

$358

$418-14.3%

$13,028-97.2%

$504-28.9%

Provider

Service type

Compensation

MUTUAL FUND2+ years

Filed as: THE MUTUAL FUND ST. NASHVILLE

Service code 27

109 WEST PARK · BRENTWOOD, TN 37067

Advisory (Plan)

$65,925

ASCENSUS LLC2+ years

Filed as: ASCENSUS

Service code 15 · EIN 11-3665754

Recordkeeping

$24,810

SMART 401(K), LLC2+ years

Service code 27 · EIN 20-0193857

Advisory (Plan)

$13,185

DICKSON MEDICAL ASSOCIATES PROFITSHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DICKSON MEDICAL ASSOCIATES PROFITSHARING 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