Retirement plan

JONATHAN M. FRANTZ, M.D., P.A. 401(K) PROFIT SHARING PLAN

Name: JONATHAN M. FRANTZ, M.D., P.A. - JONATHAN M. FRANTZ, M.D., P.A. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: JONATHAN M. FRANTZ, M.D., P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JONATHAN M. FRANTZ, M.D., P.A. 401(K) PROFIT SHARING PLAN, JONATHAN M. FRANTZ, M.D., P.A.

JONATHAN M. FRANTZ, M.D., P.A.EIN 65-0500890Plan #001PY 2022

9617 GULF RESEARCH LANE - FORT MYERS, FL 33912239-418-0999LinkedIn1-10 employeeshospital & health care

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.5M

-12.1% from 2021

Total participants

137

+11.4% from 2021

Average account balance

$38,877

-16.9% from 2021

Annual return

-17.39%

-32.19 pp from 2021

Benchmarks

See 5,350 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,350 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.62M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

62.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$452K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5039

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 3 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES2 years Filed as: RAYMOND JAMES FINANCIAL Service code 27 800 CARILLON PARKWAY · ST. PETERSBURG, FL 33716	Advisory (Plan)	$14,057
THE VANGUARD GROUP, INC.2 years Service code 64 · EIN 23-1945930	Recordkeeping Fees	$8,610
ASCENSUS LLC2 years Service code 64 · EIN 11-3665754	Recordkeeping Fees	$20

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$22K

$203 / participant

Contract admin$22K100.0%

% of EOY assets

0.627%

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: TUSCAN & COMPANY, P.A.
Auditor EIN: 260254161
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$38,877

$65,083-40.3%

$143,788-73.0%

$66,930-41.9%

Participation rate

57.8%

65.2%-7.4pp

80.3%-22.5pp

69.8%-12.0pp

Annual return

-17.39%

-11.13%-6.3pp

-0.03%-17.4pp

1.57%-19.0pp

Employer contribution / active EE

$832

$2,361-64.7%

$4,952-83.2%

$2,545-67.3%

Participant deferral / active EE

$2,830

$2,920-3.1%

$5,638-49.8%

$4,238-33.2%

Admin fee / account holder

$244

$502-51.5%

$14,675-98.3%

$593-59.0%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES2 years

Filed as: RAYMOND JAMES FINANCIAL

Service code 27

800 CARILLON PARKWAY · ST. PETERSBURG, FL 33716

Advisory (Plan)

$14,057

THE VANGUARD GROUP, INC.2 years

Service code 64 · EIN 23-1945930

Recordkeeping Fees

$8,610

ASCENSUS LLC2 years

Service code 64 · EIN 11-3665754

Recordkeeping Fees

$20

JONATHAN M. FRANTZ, M.D., P.A. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JONATHAN M. FRANTZ, M.D., P.A. 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