Retirement plan

SIMON WILLIAMSON CLINIC, P. C. 401(K) PROFIT SHARING PLAN

Name: SIMON WILLIAMSON CLINIC, P.C. - SIMON WILLIAMSON CLINIC, P. C. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: SIMON WILLIAMSON CLINIC, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIMON WILLIAMSON CLINIC, P. C. 401(K) PROFIT SHARING PLAN, SIMON WILLIAMSON CLINIC, P.C.

SIMON WILLIAMSON CLINIC, P.C.EIN 63-0693892Plan #002PY 2022

832 PRINCETON SW AVE - BIRMINGHAM, AL 352111323205-206-8435simonwilliamsonclinic.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesLow participationWind-down / frozen

How to read this page

Total assets (EOY)

$6.7M

-71.1% from 2021

Total participants

-55.8% from 2021

Average account balance

$104,487

-34.6% from 2021

Annual return

-13.90%

-28.19 pp from 2021

Benchmarks

See 105,950 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,950 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.87M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

2100.0%

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

+10.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$68543

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

Top 2 by compensation

Provider	Service type	Compensation
MAYNARD COOPER GALE1 year Filed as: MAYNARD COOPER & GALE PC Service code 29 · EIN 63-0864426	Legal	$37,374
THE VANGUARD GROUP, INC.8+ years Service code 15 · EIN 23-1945930	Recordkeeping	$24,356

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D

Plan features

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$62K

$30865 / participant

Other / not subdivided$62K100.0%

% of EOY assets

0.923%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PEARCE BEVILL LEESBURG MOORE PC
Auditor EIN: 630813240
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$104,487

$167,362-37.6%

$143,799-27.3%

$134,532-22.3%

Participation rate

50.0%

84.8%-34.8pp

80.3%-30.3pp

81.2%-31.2pp

Annual return

-13.90%

0.47%-14.4pp

-0.04%-13.9pp

418.27%-432.2pp

Employer contribution / active EE

$2,025

$5,620-64.0%

$4,952-59.1%

$4,741-57.3%

Participant deferral / active EE

$3,319

$6,447-48.5%

$5,638-41.1%

$6,401-48.2%

Admin fee / account holder

$965

$18,094-94.7%

$14,677-93.4%

$11,429-91.6%

Provider

Service type

Compensation

MAYNARD COOPER GALE1 year

Filed as: MAYNARD COOPER & GALE PC

Service code 29 · EIN 63-0864426

Legal

$37,374

THE VANGUARD GROUP, INC.8+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$24,356

SIMON WILLIAMSON CLINIC, P. C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIMON WILLIAMSON CLINIC, P. C. 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