Retirement plan

MID-AMERICA ORTHOPEDICS, L.L.C. 401(K) RETIREMENT PLAN

Name: MID-AMERICA ORTHOPEDICS, L.L.C. - MID-AMERICA ORTHOPEDICS, L.L.C. 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: MID-AMERICA ORTHOPEDICS, L.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MID-AMERICA ORTHOPEDICS, L.L.C. 401(K) RETIREMENT PLAN, MID-AMERICA ORTHOPEDICS, L.L.C.

MID-AMERICA ORTHOPEDICS, L.L.C.EIN 26-2436650Plan #001PY 2024

1923 N. WEBB ROAD - WICHITA, KS 672063405316-630-9300midamortho.comLinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$14M

+13.2% from 2023

Total participants

168

-8.7% from 2023

Average account balance

$87,483

+24.5% from 2023

Annual return

14.22%

-1.17 pp from 2023

Benchmarks

See 6,026 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,026 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$14.00M

Not enough data

1 years with asset history on file

Average account balance

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

$87K

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.

160

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.

93.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$862K

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

+14.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$376

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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
IMA WEALTH INC1 year Filed as: IMA ADVISORY SERVICES INC Service code 27 430 E. DOUGLAS STE 400 · WICHITA, KS 67202	Advisory (Plan)	$25,677
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$20,576
ECONOMIC GROUP PENSION SERVICES1 year Service code 13 PO BOX 54 · FRANKLIN SQUARE, NY 11010	Contract Administrator	$14,277
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,012

Plan features & details

Pension benefit codes2A2E2F2G2J2T3B3D2S

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$60K

$474 / participant

Recordkeeping$60K99.6%
Contract admin$2630.4%

% of EOY assets

0.430%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: KOCH SIEDHOFF HAND & DUNN, LLP
Auditor EIN: 480922808
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,483

$55,415+57.9%

$155,509-43.7%

$74,495+17.4%

Participation rate

93.7%

61.9%+31.8pp

78.2%+15.5pp

67.2%+26.5pp

Annual return

14.22%

268.50%-254.3pp

64.67%-50.5pp

1364.94%-1350.7pp

Employer contribution / active EE

$2,569

$2,267+13.3%

$4,672-45.0%

$2,623-2.1%

Participant deferral / active EE

$4,217

$2,836+48.7%

$5,626-25.0%

$4,346-3.0%

Admin fee / account holder

$376

$1,738-78.4%

$15,912-97.6%

$1,942-80.6%

Provider

Service type

Compensation

IMA WEALTH INC1 year

Filed as: IMA ADVISORY SERVICES INC

Service code 27

430 E. DOUGLAS STE 400 · WICHITA, KS 67202

Advisory (Plan)

$25,677

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$20,576

ECONOMIC GROUP PENSION SERVICES1 year

Service code 13

PO BOX 54 · FRANKLIN SQUARE, NY 11010

Contract Administrator

$14,277

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,012

MID-AMERICA ORTHOPEDICS, L.L.C. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MID-AMERICA ORTHOPEDICS, L.L.C. 401(K) RETIREMENT 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