Retirement plan

DERMATOLOGY CLINIC, P.C. SAFE HARBOR 401(K) PROFIT SHARING PLAN

Name: DERMATOLOGY CLINIC - DERMATOLOGY CLINIC, P.C. SAFE HARBOR 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: DERMATOLOGY CLINIC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DERMATOLOGY CLINIC, P.C. SAFE HARBOR 401(K) PROFIT SHARING PLAN, DERMATOLOGY CLINIC

DERMATOLOGY CLINICEIN 93-0606087Plan #002PY 2017

2441 GREAR ST N.E. - SALEM, OR 973012749503-588-0469salemdermatology.comLinkedIn51-200 employeesmedical practice

Other plans on this EIN

1 filing

#005Retirement-$1.5M assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$7.6M

+12.5% from 2016

Total participants

-3.2% from 2016

Average account balance

$126,638

+16.2% from 2016

Annual return

11.31%

+11.26 pp from 2016

Benchmarks

See 17,854 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,854 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.69M

Not enough data

1 years with asset history on file

Average account balance

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

$221K

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.

121.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.06M

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

+9.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2558

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 codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 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.

Expense breakdown

Schedule H Part II

Admin total

$400K

$8695 / participant

Other / not subdivided$400K100.0%

% of EOY assets

5.264%

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

$126,638

$84,236+50.3%

$170,435-25.7%

$70,126+80.6%

Participation rate

100.0%

70.8%+29.2pp

83.6%+16.4pp

69.5%+30.5pp

Annual return

11.31%

23.06%-11.8pp

205.94%-194.6pp

73.15%-61.8pp

Employer contribution / active EE

$7,069

$3,387+108.7%

$5,432+30.1%

$2,343+201.8%

Participant deferral / active EE

$2,326

$3,086-24.6%

$4,939-52.9%

$3,332-30.2%

Admin fee / account holder

$6,666

$5,698+17.0%

$13,881-52.0%

$4,645+43.5%

DERMATOLOGY CLINIC, P.C. SAFE HARBOR 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DERMATOLOGY CLINIC, P.C. SAFE HARBOR 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