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. (2023) 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 2023

701 CEDAR LAKE BLVD., SUITE 301 - OKLAHOMA CITY, OK 73114405-370-7753LinkedIn11-50 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$33.8M

+23.5% from 2022

Total participants

306

+4.8% from 2022

Average account balance

$111,344

+18.6% from 2022

Annual return

21.05%

+39.88 pp from 2022

Benchmarks

See 5,703 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,703 peers

Snapshot2023

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
KESTRA INVESTMENT SERVICES LLC6 years Filed as: KESTRA Service code 28 5707 SOUTHWEST PKWY BLDG 2 STE 400 · AUSTIN, TX 78735	Investment Management	$77,432
MERRILL LYNCH PIERCE FENNER & SMITH9+ years Filed as: MERRILL LYNCH Service code 28 · EIN 13-2740599	Investment Management	$20,915
CHARLES SCHWAB & CO., INC.5 years Filed as: CHARLES SCHWAB Service code 28 P.O. BOX 982600 · EL PASO, TX 79998	Investment Management	$8,746

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

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

$112K

$601 / participant

Investment mgmt$112K100.0%

% of EOY assets

0.330%

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

$111,344

$61,391+81.4%

$149,723-25.6%

$71,529+55.7%

Participation rate

98.9%

62.5%+36.4pp

78.8%+20.1pp

67.9%+31.0pp

Annual return

21.05%

35.88%-14.8pp

134.50%-113.4pp

28.97%-7.9pp

Employer contribution / active EE

$7,642

$2,384+220.6%

$4,821+58.5%

$2,590+195.1%

Participant deferral / active EE

$3,603

$2,921+23.4%

$5,682-36.6%

$4,291-16.0%

Admin fee / account holder

$368

$1,264-70.9%

$13,215-97.2%

$1,588-76.8%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC6 years

Filed as: KESTRA

Service code 28

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

Investment Management

$77,432

MERRILL LYNCH PIERCE FENNER & SMITH9+ years

Filed as: MERRILL LYNCH

Service code 28 · EIN 13-2740599

Investment Management

$20,915

CHARLES SCHWAB & CO., INC.5 years

Filed as: CHARLES SCHWAB

Service code 28

P.O. BOX 982600 · EL PASO, TX 79998

Investment Management

$8,746

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