Retirement plan

APEX DERMATOLOGY AND SKIN SURGERY CENTER, LLC PROFIT SHARING PLAN

Name: APEX DERMATOLOGY AND SKIN SURGERY CENTER, LLC - APEX DERMATOLOGY AND SKIN SURGERY CENTER, LLC PROFIT SHARING PLAN (2019) Form 5500
Creator: APEX DERMATOLOGY AND SKIN SURGERY CENTER, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, APEX DERMATOLOGY AND SKIN SURGERY CENTER, LLC PROFIT SHARING PLAN, APEX DERMATOLOGY AND SKIN SURGERY CENTER, LLC

APEX DERMATOLOGY AND SKIN SURGERY CENTER, LLCEIN 90-0659834Plan #001PY 2019

5800 LANDERBROOK DRIVE, SUITE 200 - MAYFIELD HEIGHTS, OH 44124440-352-7546

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3.2M

+68.4% from 2018

Total participants

0.0% from 2018

Average account balance

$38,640

+56.1% from 2018

Annual return

45.30%

+52.65 pp from 2018

Benchmarks

See 18,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,452 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.80M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

165

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.

47.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+19.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$391

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

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 codes2E2H2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$34K

$520 / participant

Other / not subdivided$34K100.0%

% of EOY assets

1.067%

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

$38,640

$85,171-54.6%

$172,752-77.6%

$72,975-47.1%

Participation rate

100.0%

70.1%+29.9pp

82.6%+17.4pp

69.5%+30.5pp

Annual return

45.30%

27.32%+18.0pp

802.97%-757.7pp

81.01%-35.7pp

Employer contribution / active EE

$5,143

$3,324+54.7%

$5,1440%

$2,440+110.8%

Participant deferral / active EE

$2,056

$3,260-36.9%

$5,198-60.5%

$3,608-43.0%

Admin fee / account holder

$412

$5,880-93.0%

$13,955-97.0%

$5,124-92.0%

APEX DERMATOLOGY AND SKIN SURGERY CENTER, LLC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

APEX DERMATOLOGY AND SKIN SURGERY CENTER, LLC 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