Retirement plan

GREATER PITTSBURGH ORTHOPAEDIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN

Name: GREATER PITTSBURGH ORTHOPAEDIC ASSOCIATES, INC. - GREATER PITTSBURGH ORTHOPAEDIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: GREATER PITTSBURGH ORTHOPAEDIC ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREATER PITTSBURGH ORTHOPAEDIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN, GREATER PITTSBURGH ORTHOPAEDIC ASSOCIATES, INC.

GREATER PITTSBURGH ORTHOPAEDIC ASSOCIATES, INC.EIN 25-1103058Plan #005PY 2021

5820 CENTRE AVENUE - PITTSBURGH, PA 15206412-661-5500LinkedIn11-50 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$43.1M

+5.8% from 2020

Total participants

217

-2.7% from 2020

Average account balance

$198,671

+8.7% from 2020

Annual return

14.13%

-3.09 pp from 2020

Benchmarks

See 5,350 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,350 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$46.02M

Not enough data

1 years with asset history on file

Average account balance

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

$228K

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.

202

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+17.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$358

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 3 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.5 years Filed as: WELLS FARGO ADVISORS LLC Service code 27 401 S TRYON STREET · CHARLOTTE, NC 28081	Advisory (Plan)	$79,759
METRO BENEFITS, INC.7+ years Service code 13 THE EXECUTIVE CENTER · PITTSBURGH, PA 15237	Contract Administrator	$3,270
AMERICAN FUNDS3 years Filed as: CAPITAL GROUP RETIREMENT SERVICES Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$1,700

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

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

$85K

$579 / participant

Investment mgmt$85K100.0%

% of EOY assets

0.196%

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: SCHNEIDER DOWNS & CO. INC.
Auditor EIN: 251408703
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$198,671

$61,172+224.8%

$185,851+6.9%

$79,389+150.2%

Participation rate

100.0%

66.6%+33.4pp

81.7%+18.3pp

70.7%+29.3pp

Annual return

14.13%

19.45%-5.3pp

122.11%-108.0pp

116.89%-102.8pp

Employer contribution / active EE

$6,546

$2,321+182.1%

$5,168+26.7%

$2,428+169.6%

Participant deferral / active EE

$5,179

$2,788+85.8%

$5,569-7.0%

$4,046+28.0%

Admin fee / account holder

$390

$710-45.1%

$16,245-97.6%

$626-37.8%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.5 years

Filed as: WELLS FARGO ADVISORS LLC

Service code 27

401 S TRYON STREET · CHARLOTTE, NC 28081

Advisory (Plan)

$79,759

METRO BENEFITS, INC.7+ years

Service code 13

THE EXECUTIVE CENTER · PITTSBURGH, PA 15237

Contract Administrator

$3,270

AMERICAN FUNDS3 years

Filed as: CAPITAL GROUP RETIREMENT SERVICES

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$1,700

GREATER PITTSBURGH ORTHOPAEDIC ASSOCIATES, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREATER PITTSBURGH ORTHOPAEDIC ASSOCIATES, INC. 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