Retirement plan

CONNECTICUT ORTHOPAEDIC SPECIALISTS, PC 401(K) PLAN

Name: CONNECTICUT ORTHOPAEDIC SPECIALISTS P.C. - CONNECTICUT ORTHOPAEDIC SPECIALISTS, PC 401(K) PLAN (2023) Form 5500
Creator: CONNECTICUT ORTHOPAEDIC SPECIALISTS P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CONNECTICUT ORTHOPAEDIC SPECIALISTS, PC 401(K) PLAN, CONNECTICUT ORTHOPAEDIC SPECIALISTS P.C.

CONNECTICUT ORTHOPAEDIC SPECIALISTS P.C.EIN 06-0855842Plan #002PY 2023

2408 WHITNEY AVENUE - HAMDEN, CT 06518203-407-3577LinkedIn1-10 employeesmedical practice

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$101.9M

+23.5% from 2022

Total participants

758

+2.8% from 2022

Average account balance

$142,151

+12.9% from 2022

Annual return

18.57%

+35.37 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$115.23M

Not enough data

1 years with asset history on file

Average account balance

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

$149K

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.

774

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.

94.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.36M

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

+12.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$256

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
HIGHTOWER ADVISORS LLC4 years Service code 27 200 W MADISON ST STE 2500 · CHICAGO, IL 60606	Advisory (Plan)	$86,030
THE ANGELL PENSION GROUP, INC.7 years Service code 13 · EIN 04-2530412 88 BOYD AVENUE · EAST PROVIDENCE, RI 02914	Contract Administrator	$37,147
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0
TEPLITZKY & COMPANY PC3 years Service code 10 1 BRADLEY RD BLDG 600 · WOODBRIDGE, CT 06525	Accounting	$0

Reportable transactions (Schedule G)

1 row

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

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Plan features & details

Pension benefit codes2A2E2F2G2J2R2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

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

$259K

$424 / participant

Other / not subdivided$259K100.0%

% of EOY assets

0.254%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TEPLITZKY & CO, P.C.
Auditor EIN: 060962537
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$142,151

$47,163+201.4%

$149,696-5.0%

$74,460+90.9%

Participation rate

93.3%

63.4%+29.9pp

78.8%+14.5pp

70.7%+22.5pp

Annual return

18.57%

22.75%-4.2pp

134.46%-115.9pp

34.38%-15.8pp

Employer contribution / active EE

$5,415

$1,907+184.0%

$4,821+12.3%

$2,638+105.3%

Participant deferral / active EE

$5,489

$2,730+101.1%

$5,682-3.4%

$4,530+21.2%

Admin fee / account holder

$361

$343+5.2%

$13,212-97.3%

$348+3.8%

Provider

Service type

Compensation

HIGHTOWER ADVISORS LLC4 years

Service code 27

200 W MADISON ST STE 2500 · CHICAGO, IL 60606

Advisory (Plan)

$86,030

THE ANGELL PENSION GROUP, INC.7 years

Service code 13 · EIN 04-2530412

88 BOYD AVENUE · EAST PROVIDENCE, RI 02914

Contract Administrator

$37,147

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

TEPLITZKY & COMPANY PC3 years

Service code 10

1 BRADLEY RD BLDG 600 · WOODBRIDGE, CT 06525

Accounting

CONNECTICUT ORTHOPAEDIC SPECIALISTS, PC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CONNECTICUT ORTHOPAEDIC SPECIALISTS, PC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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