Retirement plan

CARDIOLOGY CONSULTANTS OF PHILADELPHIA, P.C. 401(K) PROFIT SHARING PLAN

Name: CARDIOLOGY CONSULTANTS OF PHILADELPHIA, P.C. - CARDIOLOGY CONSULTANTS OF PHILADELPHIA, P.C. 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: CARDIOLOGY CONSULTANTS OF PHILADELPHIA, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CARDIOLOGY CONSULTANTS OF PHILADELPHIA, P.C. 401(K) PROFIT SHARING PLAN, CARDIOLOGY CONSULTANTS OF PHILADELPHIA, P.C.

CARDIOLOGY CONSULTANTS OF PHILADELPHIA, P.C.EIN 23-2076152Plan #001PY 2015

207 NORTH BROAD STREET, 3RD FLOOR - PHILADELPHIA, PA 19107267-479-4152ccpdocs.comLinkedIn501-1000 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$124.1M

No prior year

Total participants

666

No prior year

Average account balance

$191,480

No prior year

Annual return

0.96%

No prior year

Benchmarks

See 3,168 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,168 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$217.56M

Not enough data

1 years with asset history on file

Average account balance

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

$208K

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.

1,047

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.

96.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+11.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$328

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
UBS FINANCIAL SERVICES INC1+ years Filed as: UBS FINANCIAL SERVICES, INC. Service code 27 · EIN 13-2638166	Advisory (Plan)	$364,776
WILMINGTON TRUST1+ years Filed as: WILMINGTON TRUST FIDUCIARY SERVICES Service code 27 · EIN 26-3523944	Advisory (Plan)	$330,104
NEWPORT GROUP, INC.1+ years Filed as: NEWPORT RETIREMENT SERVICES, INC. Service code 12 · EIN 62-1868111	Direct payment from the plan; Recordk...	$24,366
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY Service code 27 1703 SOUTH BROAD STREET · PHILADELPHIA, PA 19148	Advisory (Plan)	$9,767
RAYMOND JAMES FINANCIAL SERVICES1+ years Filed as: RAYMOND JAMES & ASSOCIATES, INC. Service code 27 ONE LOGAN SQUARE, 130 N. 18TH ST. · PHILADELPHIA, PA 19103	Advisory (Plan)	$9,448

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S3D2T3H

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.
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.
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

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

$678K

$1471 / participant

Investment mgmt$648K95.5%
Contract admin$20K2.9%
Other / not subdivided$10K1.5%

% of EOY assets

0.547%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: SKLAR CARMOSIN
Auditor EIN: 231285212
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$191,480

$37,117+415.9%

$147,617+29.7%

$55,191+246.9%

Participation rate

96.1%

63.6%+32.5pp

84.6%+11.5pp

69.2%+26.9pp

Annual return

0.96%

3.44%-2.5pp

61.98%-61.0pp

10.78%-9.8pp

Employer contribution / active EE

$8,801

$1,620+443.1%

$5,564+58.2%

$1,899+363.5%

Participant deferral / active EE

$6,158

$1,985+210.2%

$4,895+25.8%

$3,046+102.2%

Admin fee / account holder

$1,047

$86+1123.1%

$11,612-91.0%

$91+1052.9%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC1+ years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 27 · EIN 13-2638166

Advisory (Plan)

$364,776

WILMINGTON TRUST1+ years

Filed as: WILMINGTON TRUST FIDUCIARY SERVICES

Service code 27 · EIN 26-3523944

Advisory (Plan)

$330,104

NEWPORT GROUP, INC.1+ years

Filed as: NEWPORT RETIREMENT SERVICES, INC.

Service code 12 · EIN 62-1868111

Direct payment from the plan; Recordk...

$24,366

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN STANLEY

Service code 27

1703 SOUTH BROAD STREET · PHILADELPHIA, PA 19148

Advisory (Plan)

$9,767

RAYMOND JAMES FINANCIAL SERVICES1+ years

Filed as: RAYMOND JAMES & ASSOCIATES, INC.

Service code 27

ONE LOGAN SQUARE, 130 N. 18TH ST. · PHILADELPHIA, PA 19103

Advisory (Plan)

$9,448

CARDIOLOGY CONSULTANTS OF PHILADELPHIA, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CARDIOLOGY CONSULTANTS OF PHILADELPHIA, P.C. 401(K) PROFIT SHARING 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