Retirement plan

SQUARE CARE MEDICAL GROUP, LLP PROFIT SHARING RETIREMENT PLAN

Name: SQUARE CARE MEDICAL GROUP, LLP - SQUARE CARE MEDICAL GROUP, LLP PROFIT SHARING RETIREMENT PLAN (2018) Form 5500
Creator: SQUARE CARE MEDICAL GROUP, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SQUARE CARE MEDICAL GROUP, LLP PROFIT SHARING RETIREMENT PLAN, SQUARE CARE MEDICAL GROUP, LLP

SQUARE CARE MEDICAL GROUP, LLPEIN 20-2652680Plan #002PY 2018

900 MERCHANTS CONCOURSE, SUITE 216 - WESTBURY, NY 11590516-758-2556

Other plans on this EIN

1 filing

#001Retirement-$2.9M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$12.3M

+1.2% from 2017

Total participants

140

-6.0% from 2017

Average account balance

$106,227

+11.7% from 2017

Annual return

-3.89%

-19.66 pp from 2017

Benchmarks

See 5,259 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,259 peers

Snapshot2018

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-102.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

See the 6-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 1 by compensation

Provider	Service type	Compensation
STANCORP FINANCIAL GROUP3 years Service code 12 · EIN 93-1253576	Claims processing; Recordkeeping and ...	$56,672

Plan features & details

Pension benefit codes2A2E2F2G2J2R3B3D

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.

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

$43K

$382 / participant

Contract admin$43K100.0%

% of EOY assets

0.348%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GETTRY MARCUS CPA, P.C.
Auditor EIN: 133418879
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,227

$47,977+121.4%

$154,107-31.1%

$56,287+88.7%

Participation rate

78.6%

66.2%+12.4pp

83.0%-4.5pp

69.9%+8.7pp

Annual return

-3.89%

3.54%-7.4pp

735.12%-739.0pp

-9.96%+6.1pp

Employer contribution / active EE

$11,287

$2,169+420.5%

$5,298+113.1%

$2,111+434.7%

Participant deferral / active EE

$1,148

$2,392-52.0%

$5,081-77.4%

$3,350-65.7%

Admin fee / account holder

$369

$438-15.8%

$13,411-97.2%

$521-29.1%

Provider

Service type

Compensation

STANCORP FINANCIAL GROUP3 years

Service code 12 · EIN 93-1253576

Claims processing; Recordkeeping and ...

$56,672

SQUARE CARE MEDICAL GROUP, LLP PROFIT SHARING RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SQUARE CARE MEDICAL GROUP, LLP PROFIT SHARING 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