Retirement plan

SIXTH AVENUE MEDICAL BUILDING PHARMACY, INC. 401(K) PLAN

Name: SIXTH AVENUE MEDICAL BUILDING PHARMACY, INC. - SIXTH AVENUE MEDICAL BUILDING PHARMACY, INC. 401(K) PLAN (2023) Form 5500
Creator: SIXTH AVENUE MEDICAL BUILDING PHARMACY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIXTH AVENUE MEDICAL BUILDING PHARMACY, INC. 401(K) PLAN, SIXTH AVENUE MEDICAL BUILDING PHARMACY, INC.

SIXTH AVENUE MEDICAL BUILDING PHARMACY, INC.EIN 91-0762659Plan #001PY 2023

508 W 6TH AVENUE, SUITE 104 - SPOKANE, WA 99204509-455-9345sixthavenuepharmacy.comLinkedIn11-50 employeespharmaceuticals

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$592K

+62.3% from 2022

Total participants

+21.1% from 2022

Average account balance

$25,760

+27.0% from 2022

Annual return

18.20%

+11.80 pp from 2022

Benchmarks

See 22,148 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants<25

Cohort22,148 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.04M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

54.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$279K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+28.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1059

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 codes2E2J2F2G3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$9K

$405 / participant

Other / not subdivided$9K100.0%

% of EOY assets

1.506%

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

$25,760

$102,696-74.9%

$86,235-70.1%

$139,487-81.5%

Participation rate

100.0%

74.5%+25.5pp

69.0%+31.0pp

80.3%+19.7pp

Annual return

18.20%

1925.91%-1907.7pp

1170.03%-1151.8pp

373.84%-355.6pp

Employer contribution / active EE

$3,211

$3,034+5.8%

$2,381+34.9%

$4,755-32.5%

Participant deferral / active EE

$4,103

$4,679-12.3%

$3,987+2.9%

$6,713-38.9%

Admin fee / account holder

$388

$8,667-95.5%

$6,856-94.3%

$11,407-96.6%

SIXTH AVENUE MEDICAL BUILDING PHARMACY, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIXTH AVENUE MEDICAL BUILDING PHARMACY, INC. 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