Retirement plan

SOUTH SHORE RADIOLOGICAL ASSOCIATES, INC. EMPLOYEES PENSION PLAN

Name: SOUTH SHORE RADIOLOGICAL ASSOCIATES, INC. - SOUTH SHORE RADIOLOGICAL ASSOCIATES, INC. EMPLOYEES PENSION PLAN (2016) Form 5500
Creator: SOUTH SHORE RADIOLOGICAL ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTH SHORE RADIOLOGICAL ASSOCIATES, INC. EMPLOYEES PENSION PLAN, SOUTH SHORE RADIOLOGICAL ASSOCIATES, INC.

SOUTH SHORE RADIOLOGICAL ASSOCIATES, INC.EIN 04-2473747Plan #001PY 2016

55 FOGG ROAD - SOUTH WEYMOUTH, MA 021902432781-340-8722southshoreradiology.comLinkedIn11-50 employeesmedical practice

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$34.9M

+9.8% from 2015

Total participants

+9.1% from 2015

Average account balance

$1,517,894

+5.0% from 2015

Annual return

9.20%

+8.86 pp from 2015

Benchmarks

See 109,098 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,098 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.29M

Not enough data

1 years with asset history on file

Average account balance

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

$751K

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.

91.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.63M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$48K

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

+17.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$79670

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 codes2E2G2J2D

Plan features

2D
Offset plan
Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$743K

$37140 / participant

Other / not subdivided$743K100.0%

% of EOY assets

2.128%

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

$1,517,894

$181,896+734.5%

$156,551+869.6%

$273,972+454.0%

Participation rate

95.0%

88.4%+6.6pp

84.0%+11.0pp

83.0%+12.0pp

Annual return

9.20%

30.74%-21.5pp

32.23%-23.0pp

41.46%-32.3pp

Employer contribution / active EE

$42,850

$6,248+585.8%

$5,501+678.9%

$4,869+780.1%

Participant deferral / active EE

$3,900

$5,550-29.7%

$4,871-19.9%

$5,287-26.2%

Admin fee / account holder

$32,296

$15,560+107.6%

$13,028+147.9%

$10,133+218.7%

SOUTH SHORE RADIOLOGICAL ASSOCIATES, INC. EMPLOYEES PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTH SHORE RADIOLOGICAL ASSOCIATES, INC. EMPLOYEES PENSION 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