Retirement plan

CHARLES S. ADAMS, O.D., A.P.C. PROFIT SHARING PLAN

Name: CHARLES S. ADAMS, O.D., A.P.C. - CHARLES S. ADAMS, O.D., A.P.C. PROFIT SHARING PLAN (2023) Form 5500
Creator: CHARLES S. ADAMS, O.D., A.P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHARLES S. ADAMS, O.D., A.P.C. PROFIT SHARING PLAN, CHARLES S. ADAMS, O.D., A.P.C.

CHARLES S. ADAMS, O.D., A.P.C.EIN 72-1433800Plan #001PY 2023

1911 BENTON ROAD, SUITE C - BOSSIER CITY, LA 71111318-742-4012

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.2M

-33.5% from 2022

Total participants

+12.5% from 2022

Average account balance

$177,591

-24.1% from 2022

Annual return

11.70%

+23.42 pp from 2022

Benchmarks

See 108,045 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort108,045 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.79M

Not enough data

1 years with asset history on file

Average account balance

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

$298K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$93K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+16.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2268

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 codes2E2J3D

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.
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

$926K

$132284 / participant

Other / not subdivided$926K100.0%

% of EOY assets

74.488%

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

$177,591

$175,257+1.3%

$149,717+18.6%

$139,456+27.3%

Participation rate

71.4%

83.4%-12.0pp

78.8%-7.3pp

80.3%-8.9pp

Annual return

11.70%

166.70%-155.0pp

134.41%-122.7pp

373.45%-361.7pp

Employer contribution / active EE

$4,147

$5,477-24.3%

$4,820-14.0%

$4,753-12.7%

Participant deferral / active EE

$5,190

$6,521-20.4%

$5,682-8.7%

$6,711-22.7%

Admin fee / account holder

$132,284

$16,156+718.8%

$13,213+901.2%

$11,407+1059.7%

CHARLES S. ADAMS, O.D., A.P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHARLES S. ADAMS, O.D., A.P.C. 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