Retirement plan

SOVEREIGN SURGICAL, INC. 401(K) PROFIT SHARING PLAN

Name: SOVEREIGN SURGICAL, INC. DBA SOVEREIGN HEALTHCARE - SOVEREIGN SURGICAL, INC. 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: SOVEREIGN SURGICAL, INC. DBA SOVEREIGN HEALTHCARE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOVEREIGN SURGICAL, INC. 401(K) PROFIT SHARING PLAN, SOVEREIGN SURGICAL, INC. DBA SOVEREIGN HEALTHCARE

SOVEREIGN SURGICAL, INC. DBA SOVEREIGN HEALTHCAREEIN 02-0545495Plan #001PY 2015

27261 LAS RAMBLAS, SUITE 250 - MISSION VIEJO, CA 92691949-706-9900recordroyalties.comLinkedIn1-10 employeesentertainment

Other plans on this EIN

1 filing

#003Retirement-$896K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.2M

No prior year

Total participants

No prior year

Average account balance

$57,573

No prior year

Annual return

-1.88%

No prior year

Benchmarks

See 102,329 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,329 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.63M

Not enough data

1 years with asset history on file

Average account balance

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

$212K

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.

62.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$622K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+20.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$25519

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 codes2E2G2J2J3D

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.
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

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

$30K

$1520 / participant

Other / not subdivided$30K100.0%

% of EOY assets

2.641%

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

$57,573

$168,636-65.9%

$147,617-61.0%

$125,393-54.1%

Participation rate

85.0%

88.8%-3.8pp

84.6%+0.4pp

83.2%+1.8pp

Annual return

-1.88%

77.65%-79.5pp

61.98%-63.9pp

282.23%-284.1pp

Employer contribution / active EE

$3,955

$6,252-36.7%

$5,565-28.9%

$4,866-18.7%

Participant deferral / active EE

$7,345

$5,507+33.4%

$4,895+50.1%

$5,351+37.3%

Admin fee / account holder

$1,520

$13,580-88.8%

$11,611-86.9%

$9,541-84.1%

SOVEREIGN SURGICAL, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOVEREIGN SURGICAL, INC. 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