Retirement plan

NATCHEZ MORICE MD MBA LLC 401(K) PROFIT SHARING PLAN AND TRUST

Name: NATCHEZ MORICE, MD, MBA, LLC - NATCHEZ MORICE MD MBA LLC 401(K) PROFIT SHARING PLAN AND TRUST (2023) Form 5500
Creator: NATCHEZ MORICE, MD, MBA, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATCHEZ MORICE MD MBA LLC 401(K) PROFIT SHARING PLAN AND TRUST, NATCHEZ MORICE, MD, MBA, LLC

NATCHEZ MORICE, MD, MBA, LLCEIN 83-0360451Plan #001PY 2023

1216 VICTOR II BLVD., SUITE 100 - MORGAN CITY, LA 70380985-518-3553

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$352K

+4.7% from 2022

Total participants

-5.0% from 2022

Average account balance

$29,327

+13.5% from 2022

Annual return

17.36%

+37.39 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

$434K

Not enough data

1 years with asset history on file

Average account balance

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

$36K

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.

75.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$33K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20

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 codes2E2J2F2G3D3B2T

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$83K

$5186 / participant

Other / not subdivided$83K100.0%

% of EOY assets

23.578%

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

$29,327

$175,259-83.3%

$149,723-80.4%

$139,487-79.0%

Participation rate

56.3%

83.4%-27.1pp

78.8%-22.5pp

80.3%-24.1pp

Annual return

17.36%

166.82%-149.5pp

134.50%-117.1pp

373.84%-356.5pp

Employer contribution / active EE

$5,478-100.0%

$4,821-100.0%

$4,755-100.0%

Participant deferral / active EE

$2,512

$6,522-61.5%

$5,682-55.8%

$6,713-62.6%

Admin fee / account holder

$6,915

$16,158-57.2%

$13,215-47.7%

$11,407-39.4%

NATCHEZ MORICE MD MBA LLC 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATCHEZ MORICE MD MBA LLC 401(K) PROFIT SHARING PLAN AND TRUST

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