Retirement plan

QUANTUM RADIOLOGY, P.C. RETIREMENT PLAN

Name: QUANTUM PHYSICIAN SERVICES, LLC - QUANTUM RADIOLOGY, P.C. RETIREMENT PLAN (2023) 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 2023

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

Other plans on this EIN

1 filing

#003Retirement-$20.5M assets

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$78.9M

+27.9% from 2022

Total participants

200

+21.2% from 2022

Average account balance

$406,490

+4.1% from 2022

Annual return

19.47%

+33.60 pp from 2022

Benchmarks

See 5,719 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,719 peers

Snapshot2023

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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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
ASSETMARK RETIREMENT SERVICES, INC.2 years Filed as: ASSETMARK Service code 19 P. O. BOX 40018 · LYNCHBURG, VA 245064018	Securities Custodian	$0
CHARLES SCHWAB & CO., INC.3 years Service code 19 · EIN 94-1737782	Securities Custodian	$0
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY Service code 19 450 ROYAL PALM WAY, 5TH FLOOR · PALM BEACH ISLAND, FL 33490	Securities Custodian	$0
OPPENHEIMER7 years Filed as: OPPENHEIMER & CO., INC. Service code 19 85 BROAD STREET · NEW YORK, NY 10004	Securities Custodian	$0
SUNTRUST BANKS, INC.4 years Filed as: TRUIST INVESTMENT SERVICES Service code 19 P. O. BOX 596 · RICHMOND, VA 23286	Securities Custodian	$0

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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$97K

$642 / participant

Contract admin$97K100.0%

% of EOY assets

0.123%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$406,490

$61,272+563.4%

$149,673+171.6%

$71,457+468.9%

Participation rate

96.0%

62.5%+33.5pp

78.8%+17.3pp

67.9%+28.1pp

Annual return

19.47%

35.85%-16.4pp

134.42%-114.9pp

28.85%-9.4pp

Employer contribution / active EE

$22,604

$2,378+850.4%

$4,818+369.2%

$2,588+773.6%

Participant deferral / active EE

$14,028

$2,917+380.9%

$5,680+147.0%

$4,289+227.1%

Admin fee / account holder

$499

$1,261-60.4%

$13,210-96.2%

$1,587-68.5%

Provider

Service type

Compensation

ASSETMARK RETIREMENT SERVICES, INC.2 years

Filed as: ASSETMARK

Service code 19

P. O. BOX 40018 · LYNCHBURG, VA 245064018

Securities Custodian

CHARLES SCHWAB & CO., INC.3 years

Service code 19 · EIN 94-1737782

Securities Custodian

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY

Service code 19

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

Securities Custodian

OPPENHEIMER7 years

Filed as: OPPENHEIMER & CO., INC.

Service code 19

85 BROAD STREET · NEW YORK, NY 10004

Securities Custodian

SUNTRUST BANKS, INC.4 years

Filed as: TRUIST INVESTMENT SERVICES

Service code 19

P. O. BOX 596 · RICHMOND, VA 23286

Securities Custodian

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