Retirement plan

CHILDRENS CLINIC OF SWLA APMC 401(K) PROFIT SHARING PLAN AND TRUST

Name: CHILDRENS CLINIC OF SWLA APMC - CHILDRENS CLINIC OF SWLA APMC 401(K) PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: CHILDRENS CLINIC OF SWLA APMC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHILDRENS CLINIC OF SWLA APMC 401(K) PROFIT SHARING PLAN AND TRUST, CHILDRENS CLINIC OF SWLA APMC

CHILDRENS CLINIC OF SWLA APMCEIN 72-0915428Plan #002PY 2023

2903 FIRST AVENUE - LAKE CHARLES, LA 70601337-478-6484ccswla.comLinkedIn51-200 employeesmedical practice

Prospect flagsLow returnsHigh feesHigh cash

How to read this page

Total assets (EOY)

$12.3M

+2.8% from 2022

Total participants

136

+6.3% from 2022

Average account balance

$101,309

+3.6% from 2022

Annual return

8.96%

+16.89 pp from 2022

Benchmarks

See 20,797 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,797 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.09M

Not enough data

1 years with asset history on file

Average account balance

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

$130K

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.

108

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.

84.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$762K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+21.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1416

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 3 by compensation

Provider	Service type	Compensation
ASSET PLANNING SERVICES, INC.9+ years Service code 28 · EIN 72-0921343	Investment Management	$115,606
BKD, LLP3 years Filed as: LAPORTE CPAS Service code 10 · EIN 72-1088864	Accounting	$14,000
MARTIN, MARTIN, RANDALL & ASSOCIATE9+ years Filed as: MARTIN,MARTIN,RANDALL & ASSC. INC. Service code 15 · EIN 64-0765749	Recordkeeping	$8,428

Plan features & details

Pension benefit codes2E2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$148K

$1659 / participant

Investment mgmt$116K78.3%
Contract admin$22K15.2%
Other / not subdivided$10K6.5%

% of EOY assets

1.205%

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: LAPORTE CPAS& BUSINESS ADVISORS
Auditor EIN: 721088864
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$101,309

$77,920+30.0%

$149,723-32.3%

$75,177+34.8%

Participation rate

83.1%

65.6%+17.6pp

78.8%+4.4pp

67.2%+15.9pp

Annual return

8.96%

31.72%-22.8pp

134.50%-125.5pp

160.75%-151.8pp

Employer contribution / active EE

$2,583

$3,138-17.7%

$4,821-46.4%

$2,671-3.3%

Participant deferral / active EE

$5,190

$3,411+52.1%

$5,682-8.7%

$4,126+25.8%

Admin fee / account holder

$1,220

$5,951-79.5%

$13,215-90.8%

$5,651-78.4%

Provider

Service type

Compensation

ASSET PLANNING SERVICES, INC.9+ years

Service code 28 · EIN 72-0921343

Investment Management

$115,606

BKD, LLP3 years

Filed as: LAPORTE CPAS

Service code 10 · EIN 72-1088864

Accounting

$14,000

MARTIN, MARTIN, RANDALL & ASSOCIATE9+ years

Filed as: MARTIN,MARTIN,RANDALL & ASSC. INC.

Service code 15 · EIN 64-0765749

Recordkeeping

$8,428

CHILDRENS CLINIC OF SWLA APMC 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHILDRENS CLINIC OF SWLA APMC 401(K) PROFIT SHARING PLAN AND TRUST

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