Retirement plan

TRI-STATE ORTHOPAEDICS AND SPORTS MEDICINE INC. 401(K) PROFIT SHARING PLAN

Name: TRI-STATE ORTHOPAEDICS AND SPORTS MEDICINE INC. - TRI-STATE ORTHOPAEDICS AND SPORTS MEDICINE INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: TRI-STATE ORTHOPAEDICS AND SPORTS MEDICINE INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRI-STATE ORTHOPAEDICS AND SPORTS MEDICINE INC. 401(K) PROFIT SHARING PLAN, TRI-STATE ORTHOPAEDICS AND SPORTS MEDICINE INC.

TRI-STATE ORTHOPAEDICS AND SPORTS MEDICINE INC.EIN 25-1356849Plan #002PY 2023

5900 CORPORATE DRIVE, SUITE 200 - PITTSBURGH, PA 15237412-369-4000tristateortho.comLinkedIn51-200 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$31.4M

+3.6% from 2022

Total participants

133

+3.9% from 2022

Average account balance

$249,344

+1.2% from 2022

Annual return

17.36%

+34.44 pp from 2022

Benchmarks

See 5,710 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,710 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$37.03M

Not enough data

1 years with asset history on file

Average account balance

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

$278K

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.

133

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.

94.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$838K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+16.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$377

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 2 by compensation

Provider	Service type	Compensation
JULY BUSINESS SERVICES3 years Filed as: JULY BUSINESS SERVICES, LLC Service code 15 P.O. BOX 2208 · WACO, TX 76703	Recordkeeping	$33,350
STRATEGIC WEALTH MANAGEMENT3 years Filed as: STRATEGIC WEALTH MANAGEMENT GROUP, Service code 26 CHIEF CENTRE, SUITE 100 · MCMURRAY, PA 15317	Advisory (Participants)	$16,500

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

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.
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

$49K

$495 / participant

Investment mgmt$17K33.4%
Contract admin$33K66.6%

% of EOY assets

0.157%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EPSTEIN TABOR SCHORR
Auditor EIN: 251267850
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$249,344

$61,338+306.5%

$149,717+66.5%

$71,495+248.8%

Participation rate

93.0%

62.5%+30.5pp

78.8%+14.2pp

67.9%+25.1pp

Annual return

17.36%

35.86%-18.5pp

134.41%-117.1pp

28.85%-11.5pp

Employer contribution / active EE

$2,566

$2,381+7.8%

$4,820-46.8%

$2,589-0.9%

Participant deferral / active EE

$4,623

$2,919+58.4%

$5,682-18.6%

$4,291+7.7%

Admin fee / account holder

$393

$1,263-68.9%

$13,213-97.0%

$1,588-75.3%

Provider

Service type

Compensation

JULY BUSINESS SERVICES3 years

Filed as: JULY BUSINESS SERVICES, LLC

Service code 15

P.O. BOX 2208 · WACO, TX 76703

Recordkeeping

$33,350

STRATEGIC WEALTH MANAGEMENT3 years

Filed as: STRATEGIC WEALTH MANAGEMENT GROUP,

Service code 26

CHIEF CENTRE, SUITE 100 · MCMURRAY, PA 15317

Advisory (Participants)

$16,500

TRI-STATE ORTHOPAEDICS AND SPORTS MEDICINE INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRI-STATE ORTHOPAEDICS AND SPORTS MEDICINE 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