Retirement plan

ACCESS 401(K) PLAN

Name: ACCESS SPORTS MEDICINE & ORTHOPAEDICS, P.A. - ACCESS 401(K) PLAN (2020) Form 5500
Creator: ACCESS SPORTS MEDICINE & ORTHOPAEDICS, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACCESS 401(K) PLAN, ACCESS SPORTS MEDICINE & ORTHOPAEDICS, P.A.

ACCESS SPORTS MEDICINE & ORTHOPAEDICS, P.A.EIN 02-0336308Plan #002PY 2020

ONE HAMPTON ROAD - EXETER, NH 03833603-775-7575accesssportsmed.comLinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$14.1M

+10.8% from 2019

Total participants

154

+6.2% from 2019

Average account balance

$100,994

+7.7% from 2019

Annual return

16.34%

-7.93 pp from 2019

Benchmarks

See 18,640 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,640 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$18.55M

Not enough data

1 years with asset history on file

Average account balance

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

$144K

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.

129

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.

86.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$454K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+31.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$436

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 5 by compensation

Provider	Service type	Compensation
LPL FINANCIAL3 years Filed as: LPL FINANCIAL RPCP Service code 27 PO BOX 502533 · SAN DIEGO, CA 91250	Advisory (Plan)	$30,544
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$10,780
STEPHEN HORN INSURANCE SERVICES6+ years Filed as: STEPHEN ELDRIDGE & COMPANY Service code 13 686CHESTNUT STREET · MANCHESTER, NH 03104	Contract Administrator	$8,000
BAKER NEWMAN NOYES4 years Filed as: BAKER NEWMAN & NOYES, LLC Service code 10 PO BOX 507 · PORTLAND, ME 04112	Accounting	$640
TD AMERITRADE, INC.6+ years Filed as: TD AMERITRADE Service code 33 200 S. 108TH AVE · OMAHA, NE 68154	Securities brokerage	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$50K

$636 / participant

Contract admin$50K98.7%
Other / not subdivided$6401.3%

% of EOY assets

0.355%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: BAKER NEWMAN & NOYES, LLC
Auditor EIN: 010494526
Audit fees: (not subdivided)
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$100,994

$91,190+10.8%

$178,490-43.4%

$79,858+26.5%

Participation rate

82.3%

69.2%+13.1pp

81.9%+0.4pp

69.6%+12.6pp

Annual return

16.34%

24.19%-7.8pp

151.07%-134.7pp

31.71%-15.4pp

Employer contribution / active EE

$2,095

$3,256-35.7%

$5,011-58.2%

$2,471-15.2%

Participant deferral / active EE

$3,387

$3,236+4.6%

$5,202-34.9%

$3,740-9.5%

Admin fee / account holder

$359

$6,751-94.7%

$13,984-97.4%

$5,306-93.2%

Provider

Service type

Compensation

LPL FINANCIAL3 years

Filed as: LPL FINANCIAL RPCP

Service code 27

PO BOX 502533 · SAN DIEGO, CA 91250

Advisory (Plan)

$30,544

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$10,780

STEPHEN HORN INSURANCE SERVICES6+ years

Filed as: STEPHEN ELDRIDGE & COMPANY

Service code 13

686CHESTNUT STREET · MANCHESTER, NH 03104

Contract Administrator

$8,000

BAKER NEWMAN NOYES4 years

Filed as: BAKER NEWMAN & NOYES, LLC

Service code 10

PO BOX 507 · PORTLAND, ME 04112

Accounting

$640

TD AMERITRADE, INC.6+ years

Filed as: TD AMERITRADE

Service code 33

200 S. 108TH AVE · OMAHA, NE 68154

Securities brokerage

ACCESS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACCESS 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