Retirement plan

BEAIRD DERMATOLOGY, S.C. 401(K) PROFIT SHARING PLAN

Name: BEAIRD DERMATOLOGY, S.C. - BEAIRD DERMATOLOGY, S.C. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: BEAIRD DERMATOLOGY, S.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BEAIRD DERMATOLOGY, S.C. 401(K) PROFIT SHARING PLAN, BEAIRD DERMATOLOGY, S.C.

BEAIRD DERMATOLOGY, S.C.EIN 81-2383818Plan #001PY 2024

4885 HOFFMAN BLVD. STE 407 - HOFFMAN ESTATES, IL 60192847-305-5973beairddermatology.comLinkedIn11-50 employeeshealth, wellness and fitness

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.7M

+18.8% from 2023

Total participants

+5.6% from 2023

Average account balance

$73,409

-58.3% from 2023

Annual return

12.94%

-9.29 pp from 2023

Benchmarks

See 109,298 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.72M

Not enough data

1 years with asset history on file

Average account balance

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

$73K

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.

308.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$188K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+12.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1487

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

$55K

$4585 / participant

Other / not subdivided$55K100.0%

% of EOY assets

2.026%

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

$73,409

$183,516-60.0%

$155,534-52.8%

$145,884-49.7%

Participation rate

91.7%

82.7%+9.0pp

78.2%+13.4pp

80.3%+11.4pp

Annual return

12.94%

61.43%-48.5pp

64.92%-52.0pp

551.85%-538.9pp

Employer contribution / active EE

$7,261

$5,315+36.6%

$4,675+55.3%

$4,662+55.7%

Participant deferral / active EE

$8,434

$6,467+30.4%

$5,630+49.8%

$6,690+26.1%

Admin fee / account holder

$1,487

$19,293-92.3%

$15,900-90.6%

$13,392-88.9%

BEAIRD DERMATOLOGY, S.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BEAIRD DERMATOLOGY, S.C. 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