Retirement plan

PIEDMONT TRIAD ANESTHESIA RETIREMENT PLAN

Name: PIEDMONT TRIAD ANESTHESIA, P.A. - PIEDMONT TRIAD ANESTHESIA RETIREMENT PLAN (2019) Form 5500
Creator: PIEDMONT TRIAD ANESTHESIA, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PIEDMONT TRIAD ANESTHESIA RETIREMENT PLAN, PIEDMONT TRIAD ANESTHESIA, P.A.

PIEDMONT TRIAD ANESTHESIA, P.A.EIN 20-1394536Plan #001PY 2019

145 KIMEL PARK DRIVE, SUITE 120 - WINSTON-SALEM, NC 27103336-768-3212LinkedIn51-200 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$50.9M

+22.4% from 2018

Total participants

231

+7.4% from 2018

Average account balance

$227,362

+17.5% from 2018

Annual return

23.68%

+28.34 pp from 2018

Benchmarks

See 5,341 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,341 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$40.56M

Not enough data

1 years with asset history on file

Average account balance

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

$362K

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.

112

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

$2.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$43K

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

+14.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$666

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 4 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.5+ years Filed as: WELLS FARGO BANK N.A. Service code 15 · EIN 94-1347393	Recordkeeping	$111,507
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO ADVISORS PCG Service code 27	Advisory (Plan)	$17,247
SHARRARD, MCGEE & CO., P.A.2 years Filed as: SHARRARD, MCGEE & CO. , P. A. Service code 27 · EIN 56-1146197	Advisory (Plan)	$9,200
WF ADVISORS, PCG2 years Service code 27 · EIN 56-0276690	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

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.
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

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

$144K

$787 / participant

Other / not subdivided$144K100.0%

% of EOY assets

0.283%

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: SHARRARD, MCGEE & CO., PA
Auditor EIN: 561146197
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$227,362

$52,967+329.3%

$172,753+31.6%

$65,186+248.8%

Participation rate

96.2%

66.2%+30.0pp

82.6%+13.5pp

70.2%+26.0pp

Annual return

23.68%

30.12%-6.4pp

803.00%-779.3pp

29.39%-5.7pp

Employer contribution / active EE

$11,759

$2,190+436.9%

$5,144+128.6%

$2,177+440.2%

Participant deferral / active EE

$11,155

$2,471+351.5%

$5,198+114.6%

$3,514+217.4%

Admin fee / account holder

$643

$472+36.2%

$13,956-95.4%

$847-24.1%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.5+ years

Filed as: WELLS FARGO BANK N.A.

Service code 15 · EIN 94-1347393

Recordkeeping

$111,507

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO ADVISORS PCG

Service code 27

Advisory (Plan)

$17,247

SHARRARD, MCGEE & CO., P.A.2 years

Filed as: SHARRARD, MCGEE & CO. , P. A.

Service code 27 · EIN 56-1146197

Advisory (Plan)

$9,200

WF ADVISORS, PCG2 years

Service code 27 · EIN 56-0276690

Advisory (Plan)

PIEDMONT TRIAD ANESTHESIA RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PIEDMONT TRIAD ANESTHESIA 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