Retirement plan

NEUROLOGICAL SURGERY ASSOCIATES 401(K) PROFIT SHARING PLAN

Name: NEUROLOGICAL SURGERY ASSOCIATES P.C. - NEUROLOGICAL SURGERY ASSOCIATES 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: NEUROLOGICAL SURGERY ASSOCIATES P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEUROLOGICAL SURGERY ASSOCIATES 401(K) PROFIT SHARING PLAN, NEUROLOGICAL SURGERY ASSOCIATES P.C.

NEUROLOGICAL SURGERY ASSOCIATES P.C.EIN 63-1030747Plan #001PY 2023

513 BROOKWOOD BLVD. #372 - BIRMINGHAM, AL 35209205-949-1800

Prospect flagsHigh feesLow assets / participant

How to read this page

Total assets (EOY)

$87K

-8.3% from 2022

Total participants

-22.2% from 2022

Average account balance

$7,908

-8.3% from 2022

Annual return

15.77%

+15.77 pp from 2022

Benchmarks

See 107,994 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,994 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$472K

Not enough data

1 years with asset history on file

Average account balance

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

$43K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$49K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+391.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$802

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 codes2E2F2G2J2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$67K

$6087 / participant

Other / not subdivided$67K100.0%

% of EOY assets

76.982%

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

$7,908

$175,231-95.5%

$149,696-94.7%

$139,466-94.3%

Participation rate

72.7%

83.4%-10.7pp

78.8%-6.0pp

80.3%-7.6pp

Annual return

15.77%

166.77%-151.0pp

134.46%-118.7pp

373.66%-357.9pp

Employer contribution / active EE

$1,732

$5,478-68.4%

$4,821-64.1%

$4,754-63.6%

Participant deferral / active EE

$2,187

$6,521-66.5%

$5,682-61.5%

$6,712-67.4%

Admin fee / account holder

$6,087

$16,155-62.3%

$13,212-53.9%

$11,409-46.6%

NEUROLOGICAL SURGERY ASSOCIATES 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEUROLOGICAL SURGERY ASSOCIATES 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