Retirement plan

GREAT LAKES SPINE & ORTHOPEDICS, LLC 401(K) PLAN

Name: GREAT LAKES SPINE & ORTHOPEDICS, LLC - GREAT LAKES SPINE & ORTHOPEDICS, LLC 401(K) PLAN (2021) Form 5500
Creator: GREAT LAKES SPINE & ORTHOPEDICS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREAT LAKES SPINE & ORTHOPEDICS, LLC 401(K) PLAN, GREAT LAKES SPINE & ORTHOPEDICS, LLC

GREAT LAKES SPINE & ORTHOPEDICS, LLCEIN 20-1882870Plan #002PY 2021

1103 PENNIMAN AVE - PLYMOUTH, MI 481701100glspine.comLinkedIn11-50 employeesmedical practice

Other plans on this EIN

1 filing

#001Retirement-$1.2M assets

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$170K

+43.3% from 2020

Total participants

+40.0% from 2020

Average account balance

$28,410

+19.4% from 2020

Annual return

10.10%

+3.07 pp from 2020

Benchmarks

See 22,587 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort22,587 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$284K

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

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.

160.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$25K

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

+11.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$299

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2H2J3B3D

Plan features

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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.

Opportunity flags

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$1K

$174 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.716%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,410

$176,794-83.9%

$146,647-80.6%

$167,553-83.0%

Participation rate

85.7%

83.6%+2.1pp

80.1%+5.6pp

82.1%+3.6pp

Annual return

10.10%

24.04%-13.9pp

22.75%-12.6pp

478.89%-468.8pp

Employer contribution / active EE

$5,646

$5,161+9.4%

$4,137+36.5%

$4,840+16.7%

Participant deferral / active EE

$6,440-100.0%

$5,506-100.0%

$6,343-100.0%

Admin fee / account holder

$203

$13,262-98.5%

$10,281-98.0%

$12,316-98.3%

GREAT LAKES SPINE & ORTHOPEDICS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREAT LAKES SPINE & ORTHOPEDICS, LLC 401(K) 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