Retirement plan

DISTRICT MEDICAL GROUP, INC. PROFIT SHARING AND 401(K) PLAN & TRUST

Name: DISTRICT MEDICAL GROUP, INC. - DISTRICT MEDICAL GROUP, INC. PROFIT SHARING AND 401(K) PLAN & TRUST (2021) Form 5500
Creator: DISTRICT MEDICAL GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DISTRICT MEDICAL GROUP, INC. PROFIT SHARING AND 401(K) PLAN & TRUST, DISTRICT MEDICAL GROUP, INC.

DISTRICT MEDICAL GROUP, INC.EIN 20-8106540Plan #001PY 2021

2929 E. THOMAS ROAD - PHOENIX, AZ 85016602-470-5000dmgaz.orgLinkedIn501-1000 employeeshospital & health care

Prospect flagsHigh assets / participantFailed to transmit contributions

Top hat statement on fileNQDC

Filed July 18, 2013

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$276.3M

-10.4% from 2016

Total participants

1,137

+7.5% from 2016

Average account balance

$254,422

-13.5% from 2016

Annual return

14.82%

-11.30 pp from 2016

Benchmarks

See 3,798 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,798 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$300.34M

Not enough data

1 years with asset history on file

Average account balance

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

$264K

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.

1,139

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$21.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+13.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$203

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 9 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC1 year Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$105,497
ELLWOOD ASSOCIATES1 year Filed as: ELLWOOD ASSOC. Service code 16 33 WEST MONROE · CHICAGO, IL 60603	Consulting	$82,314
MAYER HOFFMAN MCCANN P.C.1 year Service code 10 · EIN 43-1947695	Accounting	$15,000
REDW STANLEY FINANCIAL ADVISORS LLC1 year Filed as: REDW WEALTH LLC Service code 26 · EIN 85-0467977	Advisory (Participants)	$10,410
NORTHERN TRUST COMPANY1 year Filed as: THE NORTHERN TRUST COMPANY Service code 49 50 S. LASALLE STREET · CHICAGO, IL 60675	Other Services	$10,292
CBIZ RETIREMENT PLAN SERVICES2 years Filed as: CBIZ FINANCIAL SOLUTIONS Service code 10 PO BOX 643792 · CINCINNATI, OH 45264	Accounting	$9,500
L ROY PAPP & ASSOCIATES LLP1 year Service code 26 · EIN 86-0641993	Advisory (Participants)	$6,584
HARVARD AVENUE CONSULTANTS LLC1 year Service code 26 · EIN 26-2827358	Advisory (Participants)	$6,303
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO. INC. Service code 33 · EIN 94-1737782	Float revenue; Securities brokerage c...	$582

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2S2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

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

$251K

$318 / participant

Investment mgmt$38K15.2%
Other / not subdivided$213K84.8%

% of EOY assets

0.091%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MAYER HOFFMAN MCCANN PC
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$254,422

$56,551+349.9%

$185,854+36.9%

$86,828+193.0%

Participation rate

93.5%

65.5%+28.0pp

81.7%+11.8pp

72.3%+21.2pp

Annual return

14.82%

118.23%-103.4pp

122.12%-107.3pp

97.95%-83.1pp

Employer contribution / active EE

$13,328

$1,845+622.4%

$5,169+157.8%

$2,406+453.9%

Participant deferral / active EE

$9,753

$2,556+281.6%

$5,569+75.1%

$4,132+136.0%

Admin fee / account holder

$231

$150+54.4%

$16,246-98.6%

$170+36.2%

Provider

Service type

Compensation

T ROWE PRICE RPS INC1 year

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$105,497

ELLWOOD ASSOCIATES1 year

Filed as: ELLWOOD ASSOC.

Service code 16

33 WEST MONROE · CHICAGO, IL 60603

Consulting

$82,314

MAYER HOFFMAN MCCANN P.C.1 year

Service code 10 · EIN 43-1947695

Accounting

$15,000

REDW STANLEY FINANCIAL ADVISORS LLC1 year

Filed as: REDW WEALTH LLC

Service code 26 · EIN 85-0467977

Advisory (Participants)

$10,410

NORTHERN TRUST COMPANY1 year

Filed as: THE NORTHERN TRUST COMPANY

Service code 49

50 S. LASALLE STREET · CHICAGO, IL 60675

Other Services

$10,292

CBIZ RETIREMENT PLAN SERVICES2 years

Filed as: CBIZ FINANCIAL SOLUTIONS

Service code 10

PO BOX 643792 · CINCINNATI, OH 45264

Accounting

$9,500

L ROY PAPP & ASSOCIATES LLP1 year

Service code 26 · EIN 86-0641993

Advisory (Participants)

$6,584

HARVARD AVENUE CONSULTANTS LLC1 year

Service code 26 · EIN 26-2827358

Advisory (Participants)

$6,303

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO. INC.

Service code 33 · EIN 94-1737782

Float revenue; Securities brokerage c...

$582

DISTRICT MEDICAL GROUP, INC. PROFIT SHARING AND 401(K) PLAN & TRUST

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DISTRICT MEDICAL GROUP, INC. PROFIT SHARING AND 401(K) PLAN & TRUST

Top hat statement on fileNQDC

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