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 (2024) 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 2024

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

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$7.9M

+21.8% from 2023

Total participants

-34.8% from 2023

Average account balance

$212,745

+21.8% from 2023

Annual return

16.82%

+2.70 pp from 2023

Benchmarks

See 21,710 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,710 peers

Snapshot2024

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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$47K

$1120 / participant

Other / not subdivided$47K100.0%

% of EOY assets

0.598%

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

$212,745

$81,331+161.6%

$155,534+36.8%

$80,935+162.9%

Participation rate

81.0%

66.3%+14.7pp

78.2%+2.7pp

67.7%+13.3pp

Annual return

16.82%

33.37%-16.5pp

64.92%-48.1pp

35.66%-18.8pp

Employer contribution / active EE

$7,676

$3,105+147.2%

$4,675+64.2%

$2,757+178.4%

Participant deferral / active EE

$500

$3,454-85.5%

$5,630-91.1%

$4,299-88.4%

Admin fee / account holder

$1,271

$7,999-84.1%

$15,900-92.0%

$6,924-81.6%

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