Retirement plan

SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF DIGESTIVE DISEASE SPECIALISTS, INC.

Name: DIGESTIVE DISEASE SPECIALISTS, INC. - SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF DIGESTIVE DISEASE SPECIALISTS, INC. (2022) Form 5500
Creator: DIGESTIVE DISEASE SPECIALISTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF DIGESTIVE DISEASE SPECIALISTS, INC., DIGESTIVE DISEASE SPECIALISTS, INC.

DIGESTIVE DISEASE SPECIALISTS, INC.EIN 73-1121127Plan #003PY 2022

5015 N PENNSYLVANIA AVE, SUITE 100 - OKLAHOMA CITY, OK 73112405-370-7753LinkedIn11-50 employeeshospital & health care

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$27.4M

-13.7% from 2021

Total participants

292

+9.8% from 2021

Average account balance

$93,897

-21.4% from 2021

Annual return

-18.83%

-35.17 pp from 2021

Benchmarks

See 5,345 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,345 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$41.72M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

312

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

$2.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+20.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$491

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
KESTRA INVESTMENT SERVICES LLC5 years Filed as: KESTRA Service code 28 5707 SOUTHWEST PKWY BLDG 2 STE 400 · AUSTIN, TX 78735	Investment Management	$66,899
MERRILL LYNCH PIERCE FENNER & SMITH8+ years Filed as: MERRILL LYNCH Service code 28 · EIN 13-2740599	Investment Management	$19,449
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB Service code 28 P.O. BOX 982600 · EL PASO, TX 79998	Investment Management	$8,646

Plan features & details

Pension benefit codes2E2F2G2H2J2R3D

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

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.

Expense breakdown

Schedule H Part II

Admin total

$96K

$547 / participant

Investment mgmt$96K100.0%

% of EOY assets

0.351%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FINLEY & COOK, PLLC
Auditor EIN: 730604334
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$93,897

$65,125+44.2%

$143,797-34.7%

$66,949+40.3%

Participation rate

100.0%

65.2%+34.8pp

80.3%+19.7pp

69.8%+30.2pp

Annual return

-18.83%

-11.13%-7.7pp

-0.04%-18.8pp

1.57%-20.4pp

Employer contribution / active EE

$7,201

$2,362+204.8%

$4,952+45.4%

$2,545+182.9%

Participant deferral / active EE

$3,855

$2,920+32.0%

$5,638-31.6%

$4,239-9.1%

Admin fee / account holder

$330

$503-34.4%

$14,679-97.8%

$594-44.5%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC5 years

Filed as: KESTRA

Service code 28

5707 SOUTHWEST PKWY BLDG 2 STE 400 · AUSTIN, TX 78735

Investment Management

$66,899

MERRILL LYNCH PIERCE FENNER & SMITH8+ years

Filed as: MERRILL LYNCH

Service code 28 · EIN 13-2740599

Investment Management

$19,449

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB

Service code 28

P.O. BOX 982600 · EL PASO, TX 79998

Investment Management

$8,646

SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF DIGESTIVE DISEASE SPECIALISTS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF DIGESTIVE DISEASE SPECIALISTS, INC.

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