Retirement plan

BIRMINGHAM NEUROSURGERY & SPINE GROUP, P. C. 401K PROFIT SHARING RETIREMENT PLAN

Name: BIRMINGHAM NEUROSURGERY & SPINE GROUP, P. C. - BIRMINGHAM NEUROSURGERY & SPINE GROUP, P. C. 401K PROFIT SHARING RETIREMENT PLAN (2020) Form 5500
Creator: BIRMINGHAM NEUROSURGERY & SPINE GROUP, P. C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BIRMINGHAM NEUROSURGERY & SPINE GROUP, P. C. 401K PROFIT SHARING RETIREMENT PLAN, BIRMINGHAM NEUROSURGERY & SPINE GROUP, P. C.

BIRMINGHAM NEUROSURGERY & SPINE GROUP, P. C.EIN 63-1034033Plan #001PY 2020

806 ST. VINCENTS DRIVE, CHILDRENS CENTER SUITE 450 - BIRMINGHAM, AL 352094164205-986-5200

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$923K

+30.7% from 2019

Total participants

+25.0% from 2019

Average account balance

$43,934

+24.5% from 2019

Annual return

10.75%

+7.19 pp from 2019

Benchmarks

See 102,091 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,091 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.58M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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

$104K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+22.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$633

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 codes2E2F2G2J3D

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.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$5K

$267 / participant

Other / not subdivided$5K100.0%

% of EOY assets

0.579%

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

$43,934

$209,422-79.0%

$178,503-75.4%

$158,982-72.4%

Participation rate

80.0%

86.4%-6.4pp

81.9%-1.9pp

82.0%-2.0pp

Annual return

10.75%

188.81%-178.1pp

151.12%-140.4pp

302.99%-292.2pp

Employer contribution / active EE

$6,013

$5,707+5.4%

$5,011+20.0%

$4,763+26.2%

Participant deferral / active EE

$1,092

$5,955-81.7%

$5,202-79.0%

$5,983-81.7%

Admin fee / account holder

$255

$17,079-98.5%

$13,987-98.2%

$11,252-97.7%

BIRMINGHAM NEUROSURGERY & SPINE GROUP, P. C. 401K PROFIT SHARING RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BIRMINGHAM NEUROSURGERY & SPINE GROUP, P. C. 401K PROFIT SHARING RETIREMENT 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