Retirement plan

BRAIN & SPINE MEDICAL SERVICE, PLLC 401(K) PROFIT SHARING PLAN

Name: BRAIN & SPINE MEDICAL SERVICES, PLLC - BRAIN & SPINE MEDICAL SERVICE, PLLC 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: BRAIN & SPINE MEDICAL SERVICES, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BRAIN & SPINE MEDICAL SERVICE, PLLC 401(K) PROFIT SHARING PLAN, BRAIN & SPINE MEDICAL SERVICES, PLLC

BRAIN & SPINE MEDICAL SERVICES, PLLCEIN 16-1583997Plan #001PY 2015

400 INTERNATIONAL DRIVE - WILLIAMSVILLE, NY 14221716-631-3555

Prospect flagsLow returnsLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.1M

No prior year

Total participants

149

No prior year

Average account balance

$20,553

No prior year

Annual return

-3.34%

No prior year

Benchmarks

See 4,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort4,452 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.12M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

116

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.

63.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$768K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$325

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 3 by compensation

Provider	Service type	Compensation
LIFETIME BENEFIT SOLUTIONS1+ years Service code 15 · EIN 16-1171765	Recordkeeping	$1,152
EPIC RETIREMENT PLAN SERVICES1+ years Filed as: EPIC ADVISORS, INC. Service code 15 · EIN 16-1450962	Recordkeeping	$120
NEWPORT GROUP, INC.1+ years Filed as: MATRIX FINANCIAL SOLUTIONS, INC. Service code 49 · EIN 20-1591048	Other Services	$0

Plan features & details

Pension benefit codes2E2G2J2K2T3D

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.
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.
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.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$1K

$11 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.042%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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: SONGIN LUDERMAN CPAS PLLC
Auditor EIN: 471514178
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,553

$46,360-55.7%

$147,617-86.1%

$52,331-60.7%

Participation rate

100.0%

64.9%+35.1pp

84.6%+15.4pp

68.1%+31.9pp

Annual return

-3.34%

1.62%-5.0pp

61.98%-65.3pp

4.54%-7.9pp

Employer contribution / active EE

$1,956

$2,126-8.0%

$5,564-64.8%

$1,882+3.9%

Participant deferral / active EE

$3,497

$2,258+54.9%

$4,895-28.6%

$3,022+15.7%

Admin fee / account holder

$766-98.9%

$11,612-99.9%

$592-98.6%

Provider

Service type

Compensation

LIFETIME BENEFIT SOLUTIONS1+ years

Service code 15 · EIN 16-1171765

Recordkeeping

$1,152

EPIC RETIREMENT PLAN SERVICES1+ years

Filed as: EPIC ADVISORS, INC.

Service code 15 · EIN 16-1450962

Recordkeeping

$120

NEWPORT GROUP, INC.1+ years

Filed as: MATRIX FINANCIAL SOLUTIONS, INC.

Service code 49 · EIN 20-1591048

Other Services

BRAIN & SPINE MEDICAL SERVICE, PLLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BRAIN & SPINE MEDICAL SERVICE, PLLC 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