Retirement plan

FAST PACE MEDICAL CLINIC, PLLC 401K PLAN

Name: FAST PACE MEDICAL CLINIC, PLLC - FAST PACE MEDICAL CLINIC, PLLC 401K PLAN (2016) Form 5500
Creator: FAST PACE MEDICAL CLINIC, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAST PACE MEDICAL CLINIC, PLLC 401K PLAN, FAST PACE MEDICAL CLINIC, PLLC

FAST PACE MEDICAL CLINIC, PLLCEIN 27-0851352Plan #001PY 2016

P.O. BOX 258 - WAYNESBORO, TN 38485615-866-1337LinkedIn1-10 employeeshospital & health care

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$694K

+199.1% from 2015

Total participants

286

+46.7% from 2015

Average account balance

$13,088

+114.5% from 2015

Annual return

118.33%

+112.42 pp from 2015

Benchmarks

See 3,733 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,733 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.71M

Not enough data

1 years with asset history on file

Average account balance

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

$16K

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.

1,256

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.

40.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+17.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$124

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
RAYMOND JAMES FINANCIAL SERVICES2+ years Filed as: RAYMOND JAMES & ASSOC INC Service code 53 880 CARILLON PKWY · ST PETERBURG, FL 33716	Insurance Commissions	$3,144
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: DYATECH, LLC Service code 15 805 S WHEATLEY ST STE 600 · RIDGELAND, ME 39157	Recordkeeping	$216

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

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: PLANTE & MORAN PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,088

$36,916-64.5%

$156,551-91.6%

$57,658-77.3%

Participation rate

14.7%

63.4%-48.8pp

84.0%-69.4pp

70.2%-55.6pp

Annual return

118.33%

12.38%+106.0pp

32.23%+86.1pp

5.13%+113.2pp

Employer contribution / active EE

$102

$1,571-93.5%

$5,501-98.1%

$1,974-94.8%

Participant deferral / active EE

$610

$1,926-68.3%

$4,871-87.5%

$3,061-80.1%

Admin fee / account holder

$82-100.0%

$13,028-100.0%

$95-100.0%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES2+ years

Filed as: RAYMOND JAMES & ASSOC INC

Service code 53

880 CARILLON PKWY · ST PETERBURG, FL 33716

Insurance Commissions

$3,144

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: DYATECH, LLC

Service code 15

805 S WHEATLEY ST STE 600 · RIDGELAND, ME 39157

Recordkeeping

$216

FAST PACE MEDICAL CLINIC, PLLC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

FAST PACE MEDICAL CLINIC, PLLC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion