Retirement plan

KNOXVILLE GASTROINTESTINAL SPECIALISTS, P.C. PROFIT SHARING PLAN

Name: KNOXVILLE GASTROINTESTINAL SPECIALISTS, P.C. - KNOXVILLE GASTROINTESTINAL SPECIALISTS, P.C. PROFIT SHARING PLAN (2016) Form 5500
Creator: KNOXVILLE GASTROINTESTINAL SPECIALISTS, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KNOXVILLE GASTROINTESTINAL SPECIALISTS, P.C. PROFIT SHARING PLAN, KNOXVILLE GASTROINTESTINAL SPECIALISTS, P.C.

KNOXVILLE GASTROINTESTINAL SPECIALISTS, P.C.EIN 62-1125662Plan #001PY 2016

1819 CLINCH AVENUE, SUITE 212 - KNOXVILLE, TN 379162436865-523-6418LinkedIn11-50 employeesmedical practice

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$6.7M

No prior year

Total participants

No prior year

Average account balance

$334,278

No prior year

Annual return

6.58%

No prior year

Benchmarks

See 109,100 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,100 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$63K

Not enough data

1 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

+13.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2G2J2R2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$191K

$13664 / participant

Other / not subdivided$191K100.0%

% of EOY assets

2.861%

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

$334,278

$181,898+83.8%

$156,552+113.5%

$273,970+22.0%

Participation rate

92.9%

88.4%+4.5pp

84.0%+8.8pp

83.0%+9.8pp

Annual return

6.58%

30.74%-24.2pp

32.23%-25.6pp

41.46%-34.9pp

Employer contribution / active EE

$13,365

$6,248+113.9%

$5,501+142.9%

$4,869+174.5%

Participant deferral / active EE

$9,419

$5,550+69.7%

$4,871+93.4%

$5,287+78.2%

Admin fee / account holder

$9,564

$15,560-38.5%

$13,028-26.6%

$10,132-5.6%

KNOXVILLE GASTROINTESTINAL SPECIALISTS, P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KNOXVILLE GASTROINTESTINAL SPECIALISTS, P.C. 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