Retirement plan

JACKSON HEALTHCARE FOR WOMEN, P.A. PROFIT SHARING PLAN

Name: JACKSON HEALTHCARE FOR WOMEN, P.A. - JACKSON HEALTHCARE FOR WOMEN, P.A. PROFIT SHARING PLAN (2023) Form 5500
Creator: JACKSON HEALTHCARE FOR WOMEN, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JACKSON HEALTHCARE FOR WOMEN, P.A. PROFIT SHARING PLAN, JACKSON HEALTHCARE FOR WOMEN, P.A.

JACKSON HEALTHCARE FOR WOMEN, P.A.EIN 64-0503682Plan #001PY 2023

291 EAST LAYFAIR DRIVE - FLOWOOD, MS 39232601-936-9190jhcfw.comLinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$36.9M

-4.3% from 2022

Total participants

124

-1.6% from 2022

Average account balance

$297,341

-2.8% from 2022

Annual return

13.72%

+27.80 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$42.17M

Not enough data

1 years with asset history on file

Average account balance

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

$329K

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.

128

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

$1.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+12.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$705

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 4 by compensation

Provider	Service type	Compensation
MAGNOLIA CAPITAL ADVISORS3 years Filed as: MAGNOLIA CAPITOL ADVISORS LLC Service code 27 4500 I-55 NORTH STE 291 · JACKSON, MS 39211	Advisory (Plan)	$73,522
WITHUMSMITH+BROWN, PC1 year Filed as: TANN, BROWN & RUSS CO., PLLC Service code 99 7501 LAKELAND DR STE 300 · JACKSON, MS 39216	Other Fees	$15,775
AZALEA ADMINISTRATION LLC3 years Service code 13 PO BOX 180293 · MOBILE, AL 36618	Contract Administrator	$10,000
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$956

Plan features & details

Pension benefit codes2A2E2G2J2R2T3D

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.
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

$105K

$1444 / participant

Investment mgmt$105K100.0%

% of EOY assets

0.286%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TANN, BROWN & RUSS CO., PLLC
Auditor EIN: 205630688
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$297,341

$77,908+281.7%

$149,696+98.6%

$75,173+295.5%

Participation rate

100.0%

65.6%+34.4pp

78.8%+21.2pp

67.2%+32.8pp

Annual return

13.72%

31.73%-18.0pp

134.46%-120.7pp

160.72%-147.0pp

Employer contribution / active EE

$13,853

$3,138+341.5%

$4,821+187.4%

$2,671+418.6%

Participant deferral / active EE

$6,004

$3,411+76.0%

$5,682+5.7%

$4,126+45.5%

Admin fee / account holder

$850

$5,950-85.7%

$13,212-93.6%

$5,651-85.0%

Provider

Service type

Compensation

MAGNOLIA CAPITAL ADVISORS3 years

Filed as: MAGNOLIA CAPITOL ADVISORS LLC

Service code 27

4500 I-55 NORTH STE 291 · JACKSON, MS 39211

Advisory (Plan)

$73,522

WITHUMSMITH+BROWN, PC1 year

Filed as: TANN, BROWN & RUSS CO., PLLC

Service code 99

7501 LAKELAND DR STE 300 · JACKSON, MS 39216

Other Fees

$15,775

AZALEA ADMINISTRATION LLC3 years

Service code 13

PO BOX 180293 · MOBILE, AL 36618

Contract Administrator

$10,000

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$956

JACKSON HEALTHCARE FOR WOMEN, P.A. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JACKSON HEALTHCARE FOR WOMEN, P.A. 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