Retirement plan

SHARP REES-STEALY MEDICAL GROUP, INC. MONEY PURCHASE PENSION PLAN

Name: SHARP REES-STEALY MEDICAL GROUP, INC. - SHARP REES-STEALY MEDICAL GROUP, INC. MONEY PURCHASE PENSION PLAN (2024) Form 5500
Creator: SHARP REES-STEALY MEDICAL GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHARP REES-STEALY MEDICAL GROUP, INC. MONEY PURCHASE PENSION PLAN, SHARP REES-STEALY MEDICAL GROUP, INC.

SHARP REES-STEALY MEDICAL GROUP, INC.EIN 33-0106028Plan #001PY 2024

5651 COPLEY DR, SUITE A - SAN DIEGO, CA 92111858-262-6666LinkedIn1001-5000 employeesmedical practice

Other plans on this EIN

2 filings

#002Retirement-$246.0M assets #005Retirement-$55.4M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$307.4M

+16.1% from 2023

Total participants

396

+4.2% from 2023

Average account balance

$776,277

+11.4% from 2023

Annual return

17.33%

-1.89 pp from 2023

Benchmarks

See 4,124 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,124 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$307.41M

Not enough data

1 years with asset history on file

Average account balance

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

$776K

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.

396

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$47K

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

+17.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1635

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 10 of 11 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.10+ years Filed as: CHARLES SCHWAB Service code 27 · EIN 94-1737782	Advisory (Plan)	$292,820
MORGAN STANLEY SMITH BARNEY10+ years Filed as: MORGAN STANLEY Service code 27 · EIN 26-4310632	Advisory (Plan)	$119,498
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH Service code 27 · EIN 13-3180817	Advisory (Plan)	$60,837
WELLS FARGO BANK, N.A.5 years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 94-1347393	Advisory (Plan)	$43,763
FIDELITY INVESTMENTS INSTITUTIONAL9 years Filed as: FIDELITY INVESTMENTS Service code 27 · EIN 04-2882358	Advisory (Plan)	$33,085
NWPS1 year Service code 15 · EIN 91-2090931	Recordkeeping	$15,477
LPL FINANCIAL10+ years Service code 27 · EIN 95-2834236	Advisory (Plan)	$15,221
UBS FINANCIAL SERVICES INC10+ years Filed as: UBS Service code 27 · EIN 13-2638166	Advisory (Plan)	$14,189
RAYMOND JAMES FINANCIAL SERVICES10+ years Filed as: RAYMOND JAMES Service code 27 · EIN 56-1281193	Advisory (Plan)	$13,667
THE BANK OF NEW YORK MELLON8 years Filed as: PERSHING Service code 27 · EIN 13-2741729	Advisory (Plan)	$10,028

Plan features & details

Pension benefit codes2C2F2G2R3D

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$648K

$1871 / participant

Investment mgmt$648K100.0%

% of EOY assets

0.211%

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: LAVINE, LOFGREN, MORRIS & ENGELBERG
Auditor EIN: 330690020
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$776,277

$50,860+1426.3%

$155,574+399.0%

$77,714+898.9%

Participation rate

100.0%

63.1%+36.9pp

78.2%+21.8pp

70.6%+29.4pp

Annual return

17.33%

34.86%-17.5pp

64.87%-47.5pp

31.26%-13.9pp

Employer contribution / active EE

$47,227

$1,991+2272.3%

$4,676+910.0%

$2,727+1632.0%

Participant deferral / active EE

$2,825-100.0%

$5,629-100.0%

$4,649-100.0%

Admin fee / account holder

$1,635

$436+274.6%

$15,914-89.7%

$433+277.4%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.10+ years

Filed as: CHARLES SCHWAB

Service code 27 · EIN 94-1737782

Advisory (Plan)

$292,820

MORGAN STANLEY SMITH BARNEY10+ years

Filed as: MORGAN STANLEY

Service code 27 · EIN 26-4310632

Advisory (Plan)

$119,498

MERRILL LYNCH PIERCE FENNER & SMITH10+ years

Filed as: MERRILL LYNCH

Service code 27 · EIN 13-3180817

Advisory (Plan)

$60,837

WELLS FARGO BANK, N.A.5 years

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 94-1347393

Advisory (Plan)

$43,763

FIDELITY INVESTMENTS INSTITUTIONAL9 years

Filed as: FIDELITY INVESTMENTS

Service code 27 · EIN 04-2882358

Advisory (Plan)

$33,085

NWPS1 year

Service code 15 · EIN 91-2090931

Recordkeeping

$15,477

LPL FINANCIAL10+ years

Service code 27 · EIN 95-2834236

Advisory (Plan)

$15,221

UBS FINANCIAL SERVICES INC10+ years

Filed as: UBS

Service code 27 · EIN 13-2638166

Advisory (Plan)

$14,189

RAYMOND JAMES FINANCIAL SERVICES10+ years

Filed as: RAYMOND JAMES

Service code 27 · EIN 56-1281193

Advisory (Plan)

$13,667

THE BANK OF NEW YORK MELLON8 years

Filed as: PERSHING

Service code 27 · EIN 13-2741729

Advisory (Plan)

$10,028

SHARP REES-STEALY MEDICAL GROUP, INC. MONEY PURCHASE PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHARP REES-STEALY MEDICAL GROUP, INC. MONEY PURCHASE PENSION 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