Retirement plan

FAIRFIELD COUNTY HEALTHCARE ASSOCIATES, P.C. 401(K) PROFIT SHARING PLAN

Name: FAIRFIELD COUNTY HEALTHCARE ASSOCIATES, P.C. - FAIRFIELD COUNTY HEALTHCARE ASSOCIATES, P.C. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: FAIRFIELD COUNTY HEALTHCARE ASSOCIATES, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAIRFIELD COUNTY HEALTHCARE ASSOCIATES, P.C. 401(K) PROFIT SHARING PLAN, FAIRFIELD COUNTY HEALTHCARE ASSOCIATES, P.C.

FAIRFIELD COUNTY HEALTHCARE ASSOCIATES, P.C.EIN 06-1452971Plan #001PY 2016

15 CORPORATE DRIVE - TRUMBULL, CT 06611203-452-6240

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$26.6M

+10.6% from 2015

Total participants

142

+10.9% from 2015

Average account balance

$187,594

-0.3% from 2015

Annual return

8.57%

+9.11 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.89M

Not enough data

1 years with asset history on file

Average account balance

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

$205K

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.

151

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+10.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$304

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

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

Service providers

Top 7 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION2+ years Filed as: LINCOLN FINANCIAL SERVICES Service code 55	Other Commissions	$34,564
MONTCHANIN ASSET MANAGEMENT1 year Service code 71 P.O. BOX 150 · MONTCHANIN, DE 19710	Brokerage Fees	$26,891
ADP BROKER-DEALER2+ years Filed as: PENSION CONSULTANTS, INC. Service code 13 · EIN 06-1504963	Contract Administrator	$10,000
FAIRFIELD NATIONAL BANK2+ years Filed as: FAIRFIELD COUNTY HEALTHCARE ASSOC Service code 99 15 CORPORATE DRIVE · TRUMBULL, CT 06611	Other Fees	$6,070
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: GREAT-WEST LIFE & ANNUITY INS. CO., Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$3,354
TD AMERITRADE, INC.1 year Service code 33 200 S. 108TH AVENUE · OMAHA, NE 68154	Securities brokerage	$2,088
LINCOLN NATIONAL CORPORATION2+ years Filed as: LINCOLN SECURITIES Service code 55 1 GRANITE PLACE · CONCORD, NH 03301	Other Commissions	$0

Plan features & details

Pension benefit codes2A2E2G2J2K2F

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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GRANT E. HERSTER JR. CPA
Auditor EIN: 112555740
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$187,594

$46,732+301.4%

$156,551+19.8%

$55,167+240.0%

Participation rate

100.0%

65.8%+34.2pp

84.0%+16.0pp

69.0%+31.0pp

Annual return

8.57%

17.72%-9.1pp

32.23%-23.7pp

169.23%-160.7pp

Employer contribution / active EE

$6,310

$2,105+199.7%

$5,501+14.7%

$1,963+221.5%

Participant deferral / active EE

$5,317

$2,204+141.2%

$4,871+9.2%

$3,054+74.1%

Admin fee / account holder

-$6

$418-101.4%

$13,028-100.0%

$504-101.2%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION2+ years

Filed as: LINCOLN FINANCIAL SERVICES

Service code 55

Other Commissions

$34,564

MONTCHANIN ASSET MANAGEMENT1 year

Service code 71

P.O. BOX 150 · MONTCHANIN, DE 19710

Brokerage Fees

$26,891

ADP BROKER-DEALER2+ years

Filed as: PENSION CONSULTANTS, INC.

Service code 13 · EIN 06-1504963

Contract Administrator

$10,000

FAIRFIELD NATIONAL BANK2+ years

Filed as: FAIRFIELD COUNTY HEALTHCARE ASSOC

Service code 99

15 CORPORATE DRIVE · TRUMBULL, CT 06611

Other Fees

$6,070

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: GREAT-WEST LIFE & ANNUITY INS. CO.,

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$3,354

TD AMERITRADE, INC.1 year

Service code 33

200 S. 108TH AVENUE · OMAHA, NE 68154

Securities brokerage

$2,088

LINCOLN NATIONAL CORPORATION2+ years

Filed as: LINCOLN SECURITIES

Service code 55

1 GRANITE PLACE · CONCORD, NH 03301

Other Commissions

FAIRFIELD COUNTY HEALTHCARE ASSOCIATES, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAIRFIELD COUNTY HEALTHCARE ASSOCIATES, P.C. 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