Retirement plan

HATTIESBURG CLINIC P. A. SAVINGS PLAN

Name: HATTIESBURG CLINIC, P.A. - HATTIESBURG CLINIC P. A. SAVINGS PLAN (2024) Form 5500
Creator: HATTIESBURG CLINIC, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HATTIESBURG CLINIC P. A. SAVINGS PLAN, HATTIESBURG CLINIC, P.A.

HATTIESBURG CLINIC, P.A.EIN 64-0507572Plan #002PY 2024

415 SOUTH 28TH AVENUE - HATTIESBURG, MS 39401601-579-5208hattiesburgclinic.comLinkedIn1001-5000 employeesmedical practice

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed January 10, 2022 (most recent of 4 filings on file)

Plan administrator

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415 South 28th Avenue

Hattiesburg, MS 39401

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Plans declared (5)

Hattiesburg Clinic Professional Association Deferred Compensation Agreement for Amy Arrington1 emp
Hattiesburg Clinic Professional Association Deferred Compensation Agreement for Dr. Bryan Batson1 emp
Hattiesburg Clinic Professional Association Deferred Compensation Agreement for Betty Dickerson1 emp
Hattiesburg Clinic Professional Association Deferred Compensation Agreement for Lisa Freeman1 emp
Hattiesburg Clinic Professional Association Deferred Compensation Agreement for Mike Kincade1 emp

Total covered: 5 employees

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Total assets (EOY)

$402.2M

+12.1% from 2023

Total participants

2,980

+13.3% from 2023

Average account balance

$172,930

+8.0% from 2023

Annual return

15.54%

-4.15 pp from 2023

Benchmarks

See 1,431 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,431 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$402.24M

Not enough data

1 years with asset history on file

Average account balance

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

$173K

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.

2,326

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.

74.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$22.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+15.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$28

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.10+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$121,756
GLOBAL RETIREMENT PARTNERS LLC1 year Service code 27 · EIN 47-1411118	Advisory (Plan)	$50,000
MAYNARD COOPER GALE1 year Filed as: MAYNARD NEXSEN Service code 29 · EIN 63-0864426	Legal	$29,007
TOPP MCWHORTER HARVEY, PLLC1 year Filed as: TOPP MCWHORTER HARVEY Service code 10 · EIN 20-5857627	Accounting	$19,000
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	-$153,586

Plan features & details

Pension benefit codes2F2G2J2K2T2E2R

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$65K

$25 / participant

Investment mgmt$172K264.8%
Legal$29K44.7%

% of EOY assets

0.016%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TMH, PLLC
Auditor EIN: 205857627
Audit fees: $19,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$172,930

$53,216+225.0%

$155,534+11.2%

$199,960-13.5%

Participation rate

74.7%

64.1%+10.6pp

78.2%-3.5pp

72.0%+2.7pp

Annual return

15.54%

41.18%-25.6pp

64.92%-49.4pp

34.28%-18.7pp

Employer contribution / active EE

$3,378

$1,848+82.7%

$4,675-27.7%

$3,036+11.3%

Participant deferral / active EE

$5,506

$3,164+74.1%

$5,630-2.2%

$5,087+8.2%

Admin fee / account holder

$28

$186-85.0%

$15,900-99.8%

$269-89.6%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.10+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$121,756

GLOBAL RETIREMENT PARTNERS LLC1 year

Service code 27 · EIN 47-1411118

Advisory (Plan)

$50,000

MAYNARD COOPER GALE1 year

Filed as: MAYNARD NEXSEN

Service code 29 · EIN 63-0864426

Legal

$29,007

TOPP MCWHORTER HARVEY, PLLC1 year

Filed as: TOPP MCWHORTER HARVEY

Service code 10 · EIN 20-5857627

Accounting

$19,000

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$153,586

HATTIESBURG CLINIC P. A. SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (5)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HATTIESBURG CLINIC P. A. SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (5)

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