Retirement plan

SOUTHERN SURGICAL ASSOCIATES, PA 401(K) PROFIT SHARING PLAN AND TRUST

Name: SOUTHERN SURGICAL ASSOCIATES, PA - SOUTHERN SURGICAL ASSOCIATES, PA 401(K) PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: SOUTHERN SURGICAL ASSOCIATES, PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHERN SURGICAL ASSOCIATES, PA 401(K) PROFIT SHARING PLAN AND TRUST, SOUTHERN SURGICAL ASSOCIATES, PA

SOUTHERN SURGICAL ASSOCIATES, PAEIN 72-1415334Plan #003PY 2023

139 FAIRFIELD DRIVE - HATTIESBURG, MS 39402601-450-2401

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$6.5M

+7.9% from 2022

Total participants

+43.8% from 2022

Average account balance

$174,655

+19.5% from 2022

Annual return

14.12%

+27.23 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

$7.87M

Not enough data

1 years with asset history on file

Average account balance

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

$213K

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.

88.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$343K

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

+16.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1271

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 codes2E2F2G2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$703K

$19524 / participant

Other / not subdivided$703K100.0%

% of EOY assets

10.877%

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

$174,655

$77,920+124.1%

$149,723+16.7%

$75,177+132.3%

Participation rate

11.1%

65.6%-54.5pp

78.8%-67.7pp

67.2%-56.1pp

Annual return

14.12%

31.72%-17.6pp

134.50%-120.4pp

160.75%-146.6pp

Employer contribution / active EE

$2,571

$3,138-18.1%

$4,821-46.7%

$2,671-3.7%

Participant deferral / active EE

$5,336

$3,411+56.4%

$5,682-6.1%

$4,126+29.3%

Admin fee / account holder

$18,996

$5,951+219.2%

$13,215+43.8%

$5,651+236.1%

SOUTHERN SURGICAL ASSOCIATES, PA 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHERN SURGICAL ASSOCIATES, PA 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