Retirement plan

SONIC HEALTHCARE USA SAVINGS PLAN

Name: SONIC HEALTHCARE USA, INC. - SONIC HEALTHCARE USA SAVINGS PLAN (2017) Form 5500
Creator: SONIC HEALTHCARE USA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SONIC HEALTHCARE USA SAVINGS PLAN, SONIC HEALTHCARE USA, INC.

SONIC HEALTHCARE USA, INC.EIN 20-8907334Plan #001PY 2017

12357-A RIATA TRACE PARKWAY, STE 210 - AUSTIN, TX 78727512-439-1676sonichealthcareusa.comLinkedIn5001-10000 employeeshospital & health care

Prospect flagsLow participationCorrective distributions

Top hat statement on fileNQDC

Filed June 14, 2016

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)

$227.4M

+19.5% from 2016

Total participants

6,885

+6.0% from 2016

Average account balance

$55,023

+15.7% from 2016

Annual return

18.16%

+10.88 pp from 2016

Benchmarks

See 231 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort231 peers

Snapshot2017

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Analytics

Total assets (EOY)

Plan-year ending balance

$587.78M

Not enough data

1 years with asset history on file

Average account balance

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

$98K

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.

5,971

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.

46.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$44.35M

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

+16.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$77

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 7 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS3+ years Service code 12 · EIN 13-3689044	Recordkeeping and information managem...	$481,039
GALLAGHER FIDUCIARY ADVISORS, LLC3+ years Filed as: GALLAGHER BENEFIT SERVICES, INC. Service code 16 · EIN 36-4291971	Consulting	$75,000
THE ERISA LAW GROUP, P.A.3+ years Service code 29 · EIN 82-0532331	Legal	$16,735
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO. INC. Service code 33 · EIN 94-1737782	Securities brokerage; Securities brok...	$10,093
FLEXIBLE PLAN INVESTMENTS LTD2 years Service code 16 · EIN 38-2430348	Consulting	$1,036
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB & CO, INC. Service code 33	Securities brokerage commissions and ...	$0
NATIONAL FINANCIAL SERVICES3+ years Service code 33 · EIN 04-3523567	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3H

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).
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.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$649K

$105 / participant

Investment mgmt$75K11.6%
Other / not subdivided$574K88.4%

% of EOY assets

0.285%

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: RSM US LLP
Auditor EIN: 420714325
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,023

$48,835+12.7%

$170,442-67.7%

$177,276-69.0%

Participation rate

55.6%

72.1%-16.5pp

83.6%-28.0pp

74.8%-19.3pp

Annual return

18.16%

19.44%-1.3pp

205.93%-187.8pp

21.25%-3.1pp

Employer contribution / active EE

$590

$1,798-67.2%

$5,433-89.1%

$2,479-76.2%

Participant deferral / active EE

$2,213

$2,757-19.7%

$4,939-55.2%

$3,881-43.0%

Admin fee / account holder

$157

$52+202.2%

$13,880-98.9%

$154+1.9%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS3+ years

Service code 12 · EIN 13-3689044

Recordkeeping and information managem...

$481,039

GALLAGHER FIDUCIARY ADVISORS, LLC3+ years

Filed as: GALLAGHER BENEFIT SERVICES, INC.

Service code 16 · EIN 36-4291971

Consulting

$75,000

THE ERISA LAW GROUP, P.A.3+ years

Service code 29 · EIN 82-0532331

Legal

$16,735

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & CO. INC.

Service code 33 · EIN 94-1737782

Securities brokerage; Securities brok...

$10,093

FLEXIBLE PLAN INVESTMENTS LTD2 years

Service code 16 · EIN 38-2430348

Consulting

$1,036

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB & CO, INC.

Service code 33

Securities brokerage commissions and ...

NATIONAL FINANCIAL SERVICES3+ years

Service code 33 · EIN 04-3523567

Securities brokerage commissions and ...

SONIC HEALTHCARE USA SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SONIC HEALTHCARE USA SAVINGS PLAN

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