Retirement plan

FAMILY DOCTOR CLINIC OF THIBODAUX PROFIT SHARING PLAN

Name: FAMILY DOCTOR CLINIC OF THIBODAUX - FAMILY DOCTOR CLINIC OF THIBODAUX PROFIT SHARING PLAN (2023) Form 5500
Creator: FAMILY DOCTOR CLINIC OF THIBODAUX
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAMILY DOCTOR CLINIC OF THIBODAUX PROFIT SHARING PLAN, FAMILY DOCTOR CLINIC OF THIBODAUX

FAMILY DOCTOR CLINIC OF THIBODAUXEIN 72-0865653Plan #001PY 2023

804 SOUTH ACADIA ROAD - THIBODAUX, LA 70301985-446-2680

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$13M

+18.7% from 2022

Total participants

+8.3% from 2022

Average account balance

$185,427

+15.3% from 2022

Annual return

13.90%

+24.08 pp from 2022

Benchmarks

See 20,804 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,804 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.31M

Not enough data

1 years with asset history on file

Average account balance

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

$227K

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.

118.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$664K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+9.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$10239

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$89K

$1646 / participant

Other / not subdivided$89K100.0%

% of EOY assets

0.685%

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

$185,427

$77,901+138.0%

$149,717+23.9%

$75,181+146.6%

Participation rate

85.2%

65.6%+19.6pp

78.8%+6.4pp

67.2%+18.0pp

Annual return

13.90%

31.73%-17.8pp

134.41%-120.5pp

160.69%-146.8pp

Employer contribution / active EE

$7,539

$3,137+140.3%

$4,820+56.4%

$2,671+182.3%

Participant deferral / active EE

$2,582

$3,411-24.3%

$5,682-54.6%

$4,126-37.4%

Admin fee / account holder

$1,269

$5,949-78.7%

$13,213-90.4%

$5,650-77.5%

FAMILY DOCTOR CLINIC OF THIBODAUX PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAMILY DOCTOR CLINIC OF THIBODAUX 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