Retirement plan

ORTHOPEDIC SURGEONS OF WISCONSIN, S.C. RETIREMENT PLAN

Name: ORTHOPEDIC SURGEONS OF WISCONSIN, S.C. - ORTHOPEDIC SURGEONS OF WISCONSIN, S.C. RETIREMENT PLAN (2023) Form 5500
Creator: ORTHOPEDIC SURGEONS OF WISCONSIN, S.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORTHOPEDIC SURGEONS OF WISCONSIN, S.C. RETIREMENT PLAN, ORTHOPEDIC SURGEONS OF WISCONSIN, S.C.

ORTHOPEDIC SURGEONS OF WISCONSIN, S.C.EIN 20-0217581Plan #001PY 2023

3077 N. MAYFAIR ROAD, SUITE 305 - MILWAUKEE, WI 53222414-384-6700LinkedIn51-200 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$31.1M

+15.8% from 2022

Total participants

149

+8.8% from 2022

Average account balance

$208,426

+5.7% from 2022

Annual return

15.48%

+29.46 pp from 2022

Benchmarks

See 5,703 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,703 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.01M

Not enough data

1 years with asset history on file

Average account balance

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

$235K

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.

145

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+12.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1301

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 10 of 11 by compensation

Provider	Service type	Compensation
NORTHWESTERN MUTUAL INVESTMENT SERV1 year Filed as: NORTHWESTERN MUTUAL Service code 33 720 E WISCONSIN AVENUE · MILWAUKEE, WI 532024797	Securities brokerage	$51,601
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY BROKERAGE SERVICES LLC Service code 33 PO BOX 770001 · CINCINNATI, OH 452770002	Securities brokerage	$34,421
RBC WEALTH MANAGEMENT1 year Service code 33 18500 WEST CORPORATE DRIVE · BROOKFIELD, WI 53045	Securities brokerage	$18,142
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB Service code 33 PO BOX 2339 · OMAHA, NE 68103	Securities brokerage	$16,270
STIFEL NICOLAUS & CO INC1 year Filed as: STIFEL Service code 33 125 E. WATER STREET · WEST BEND, WI 53095	Securities brokerage	$15,453
LPL FINANCIAL1 year Service code 33 4707 EXECUTIVE DRIVE · SAN DIEGO, CA 921213091	Securities brokerage	$14,748
JOHNSON BANK1 year Filed as: JOHNSON FINANCIAL Service code 33 ONE PERSHING PLAZA · JERSEY CITY, NJ 07399	Securities brokerage	$9,216
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY Service code 33 20975 SWENSON DRIVE · WAUKESHA, WI 53186	Securities brokerage	$2,143
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-4317381	Advisory (Participants)	$46
VOYA RETIREMENT INSURANCE & ANNUITY2 years Service code 26 · EIN 71-0294708	Advisory (Participants)	$46

Plan features & details

Pension benefit codes2A2E2F2G2J2R3D3H3B

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$166K

$1596 / participant

Investment mgmt$159K95.7%
Contract admin$7K4.3%

% of EOY assets

0.534%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: VRAKAS, S.C.
Auditor EIN: 391453055
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$208,426

$61,391+239.5%

$149,723+39.2%

$71,529+191.4%

Participation rate

100.0%

62.5%+37.5pp

78.8%+21.2pp

67.9%+32.1pp

Annual return

15.48%

35.88%-20.4pp

134.50%-119.0pp

28.97%-13.5pp

Employer contribution / active EE

$9,183

$2,384+285.2%

$4,821+90.5%

$2,590+254.6%

Participant deferral / active EE

$8,411

$2,921+188.0%

$5,682+48.0%

$4,291+96.0%

Admin fee / account holder

$1,114

$1,264-11.9%

$13,215-91.6%

$1,588-29.9%

Provider

Service type

Compensation

NORTHWESTERN MUTUAL INVESTMENT SERV1 year

Filed as: NORTHWESTERN MUTUAL

Service code 33

720 E WISCONSIN AVENUE · MILWAUKEE, WI 532024797

Securities brokerage

$51,601

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY BROKERAGE SERVICES LLC

Service code 33

PO BOX 770001 · CINCINNATI, OH 452770002

Securities brokerage

$34,421

RBC WEALTH MANAGEMENT1 year

Service code 33

18500 WEST CORPORATE DRIVE · BROOKFIELD, WI 53045

Securities brokerage

$18,142

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB

Service code 33

PO BOX 2339 · OMAHA, NE 68103

Securities brokerage

$16,270

STIFEL NICOLAUS & CO INC1 year

Filed as: STIFEL

Service code 33

125 E. WATER STREET · WEST BEND, WI 53095

Securities brokerage

$15,453

LPL FINANCIAL1 year

Service code 33

4707 EXECUTIVE DRIVE · SAN DIEGO, CA 921213091

Securities brokerage

$14,748

JOHNSON BANK1 year

Filed as: JOHNSON FINANCIAL

Service code 33

ONE PERSHING PLAZA · JERSEY CITY, NJ 07399

Securities brokerage

$9,216

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY

Service code 33

20975 SWENSON DRIVE · WAUKESHA, WI 53186

Securities brokerage

$2,143

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-4317381

Advisory (Participants)

$46

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Service code 26 · EIN 71-0294708

Advisory (Participants)

$46

ORTHOPEDIC SURGEONS OF WISCONSIN, S.C. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORTHOPEDIC SURGEONS OF WISCONSIN, S.C. RETIREMENT 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