Retirement plan

THE HEART VASCULAR CENTER OF SARASOTA, INC. 401(K) PROFIT SHARING PLAN

Name: THE HEART & VASCULAR CENTER OF SARASOTA, INC. - THE HEART VASCULAR CENTER OF SARASOTA, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: THE HEART & VASCULAR CENTER OF SARASOTA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE HEART VASCULAR CENTER OF SARASOTA, INC. 401(K) PROFIT SHARING PLAN, THE HEART & VASCULAR CENTER OF SARASOTA, INC.

THE HEART & VASCULAR CENTER OF SARASOTA, INC.EIN 75-3072541Plan #003PY 2023

1217 S. EAST AVENUE, SUITE 104 - SARASOTA, FL 34239941-365-0433heartcenter.comLinkedIn11-50 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$1.3M

+17.9% from 2022

Total participants

0.0% from 2022

Average account balance

$111,368

+17.9% from 2022

Annual return

8.55%

+17.84 pp from 2022

Benchmarks

See 107,959 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,959 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.67M

Not enough data

1 years with asset history on file

Average account balance

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

$128K

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.

144.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$198K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+13.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3540

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 codes2E2F2G2J3D

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.
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

$64K

$7969 / participant

Other / not subdivided$64K100.0%

% of EOY assets

4.770%

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

$111,368

$175,259-36.5%

$149,723-25.6%

$139,487-20.2%

Participation rate

100.0%

83.4%+16.6pp

78.8%+21.2pp

80.3%+19.7pp

Annual return

8.55%

166.82%-158.3pp

134.50%-125.9pp

373.84%-365.3pp

Employer contribution / active EE

$7,731

$5,478+41.1%

$4,821+60.3%

$4,755+62.6%

Participant deferral / active EE

$13,037

$6,522+99.9%

$5,682+129.4%

$6,713+94.2%

Admin fee / account holder

$5,312

$16,158-67.1%

$13,215-59.8%

$11,407-53.4%

THE HEART VASCULAR CENTER OF SARASOTA, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE HEART VASCULAR CENTER OF SARASOTA, INC. 401(K) 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