Retirement plan

QUANTUM RADIOLOGY, P.C. RETIREMENT PLAN

Name: QUANTUM PHYSICIAN SERVICES, LLC - QUANTUM RADIOLOGY, P.C. RETIREMENT PLAN (2022) Form 5500
Creator: QUANTUM PHYSICIAN SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, QUANTUM RADIOLOGY, P.C. RETIREMENT PLAN, QUANTUM PHYSICIAN SERVICES, LLC

QUANTUM PHYSICIAN SERVICES, LLCEIN 20-5012597Plan #001PY 2022

790 CHURCH STREET, SUITE 400 - MARIETTA, GA 30060770-952-8899LinkedIn1-10 employeesmedical practice

Other plans on this EIN

2 filings

#003Retirement-$11.6M assets #002Retirement--

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$61.7M

-22.4% from 2021

Total participants

165

+9.3% from 2021

Average account balance

$390,324

-25.9% from 2021

Annual return

-14.13%

-42.91 pp from 2021

Benchmarks

See 5,349 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,349 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$86.37M

Not enough data

1 years with asset history on file

Average account balance

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

$508K

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.

170

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.

97.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.90M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$39K

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

+14.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$134

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 5 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY Service code 19 450 ROYAL PALM WAY, 5TH FLOOR · PALM BEACH ISLAND, FL 33490	Securities Custodian	$26,323
CHARLES SCHWAB & CO., INC.2 years Service code 19 · EIN 94-1737782	Securities Custodian	$22,195
SUNTRUST BANKS, INC.3 years Filed as: TRUIST INVESTMENT SERVICES Service code 19 P. O. BOX 596 · RICHMOND, VA 23286	Securities Custodian	$11,994
OPPENHEIMER6 years Filed as: OPPENHEIMER & CO., INC. Service code 19 85 BROAD STREET · NEW YORK, NY 10004	Securities Custodian	$9,276
ASSETMARK RETIREMENT SERVICES, INC.1 year Filed as: ASSETMARK Service code 19 P. O. BOX 40018 · LYNCHBURG, VA 245064018	Securities Custodian	$7,360

Plan features & details

Pension benefit codes2A2E2F2G2J2R3H

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$83K

$683 / participant

Investment mgmt$83K99.4%
Contract admin$5280.6%

% of EOY assets

0.135%

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: SMITH & HOWARD, P.C.
Auditor EIN: 581250486
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$390,324

$65,092+499.6%

$143,799+171.4%

$66,938+483.1%

Participation rate

94.3%

65.2%+29.1pp

80.3%+13.9pp

69.8%+24.4pp

Annual return

-14.13%

-11.14%-3.0pp

-0.04%-14.1pp

1.58%-15.7pp

Employer contribution / active EE

$23,349

$2,362+888.7%

$4,952+371.5%

$2,545+817.4%

Participant deferral / active EE

$15,218

$2,920+421.1%

$5,638+169.9%

$4,238+259.1%

Admin fee / account holder

$527

$502+5.0%

$14,677-96.4%

$594-11.2%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY

Service code 19

450 ROYAL PALM WAY, 5TH FLOOR · PALM BEACH ISLAND, FL 33490

Securities Custodian

$26,323

CHARLES SCHWAB & CO., INC.2 years

Service code 19 · EIN 94-1737782

Securities Custodian

$22,195

SUNTRUST BANKS, INC.3 years

Filed as: TRUIST INVESTMENT SERVICES

Service code 19

P. O. BOX 596 · RICHMOND, VA 23286

Securities Custodian

$11,994

OPPENHEIMER6 years

Filed as: OPPENHEIMER & CO., INC.

Service code 19

85 BROAD STREET · NEW YORK, NY 10004

Securities Custodian

$9,276

ASSETMARK RETIREMENT SERVICES, INC.1 year

Filed as: ASSETMARK

Service code 19

P. O. BOX 40018 · LYNCHBURG, VA 245064018

Securities Custodian

$7,360

QUANTUM RADIOLOGY, P.C. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

QUANTUM RADIOLOGY, P.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