Retirement plan

ADVANCED CARDIOVASCULAR SPECIALISTS LLC PROFIT SHARING 401(K) PLAN

Name: ADVANCED CARDIOVASCULAR SPECIALISTS LLC - ADVANCED CARDIOVASCULAR SPECIALISTS LLC PROFIT SHARING 401(K) PLAN (2024) Form 5500
Creator: ADVANCED CARDIOVASCULAR SPECIALISTS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADVANCED CARDIOVASCULAR SPECIALISTS LLC PROFIT SHARING 401(K) PLAN, ADVANCED CARDIOVASCULAR SPECIALISTS LLC

ADVANCED CARDIOVASCULAR SPECIALISTS LLCEIN 82-1064121Plan #001PY 2024

P.O. BOX 51008 - SHREVEPORT, LA 71135318-798-9400acsdoctors.comLinkedIn51-200 employeeshospital & health care

Prospect flagsLow returnsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$47.2M

+4.1% from 2023

Total participants

157

+0.6% from 2023

Average account balance

$302,360

-0.6% from 2023

Annual return

9.88%

-4.52 pp from 2023

Benchmarks

See 6,019 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,019 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$47.17M

Not enough data

1 years with asset history on file

Average account balance

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

$302K

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.

156

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.

99.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+9.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$570

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 5 by compensation

Provider	Service type	Compensation
STEWARD PARTNERS INVESTMENT ADV LLC4 years Filed as: STEWARD PARNTERS INVESTMENTS ADVIS Service code 27 ONE INTERNATIONAL PL STE 3210 · BOSTON, MA 02110	Advisory (Plan)	$46,417
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$40,396
ACUFF & ASSOCIATES, INC.8+ years Service code 13 · EIN 62-1477251 320 SEVEN SPRINGS WAY, SUITE 115 · BRENTWOOD, TN 37027	Contract Administrator	$13,000
TMCE LLP2 years Service code 10 6425 YOUREE DR STE 480 · SHREVEPORT, LA 71105	Accounting	$10,000
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$4,086

Plan features & details

Pension benefit codes2E2F2H2J2K2T3D

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).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

3 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.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$89K

$855 / participant

Contract admin$89K100.0%

% of EOY assets

0.189%

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: TMCE, LLP
Auditor EIN: 453564278
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$302,360

$55,472+445.1%

$155,567+94.4%

$74,546+305.6%

Participation rate

99.0%

61.9%+37.1pp

78.2%+20.8pp

67.2%+31.8pp

Annual return

9.88%

268.72%-258.8pp

64.74%-54.9pp

1366.03%-1356.2pp

Employer contribution / active EE

$10,782

$2,269+375.2%

$4,674+130.7%

$2,624+310.8%

Participant deferral / active EE

$6,951

$2,838+145.0%

$5,628+23.5%

$4,347+59.9%

Admin fee / account holder

$570

$1,743-67.3%

$15,916-96.4%

$1,944-70.7%

Provider

Service type

Compensation

STEWARD PARTNERS INVESTMENT ADV LLC4 years

Filed as: STEWARD PARNTERS INVESTMENTS ADVIS

Service code 27

ONE INTERNATIONAL PL STE 3210 · BOSTON, MA 02110

Advisory (Plan)

$46,417

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$40,396

ACUFF & ASSOCIATES, INC.8+ years

Service code 13 · EIN 62-1477251

320 SEVEN SPRINGS WAY, SUITE 115 · BRENTWOOD, TN 37027

Contract Administrator

$13,000

TMCE LLP2 years

Service code 10

6425 YOUREE DR STE 480 · SHREVEPORT, LA 71105

Accounting

$10,000

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$4,086

ADVANCED CARDIOVASCULAR SPECIALISTS LLC PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADVANCED CARDIOVASCULAR SPECIALISTS LLC PROFIT SHARING 401(K) 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