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 (2015) 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 2015

300 FIR STREET - SAN DIEGO, CA 92101619-466-1530LinkedIn1001-5000 employeesmedical practice

Other plans on this EIN

3 filings

#002Retirement-$55.5M assets #004Retirement-$49.3M assets #005Retirement-$3.0M assets

Prospect flagsLow returnsHigh feesHigh cashLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$151.4M

-8.0% from 2016

Total participants

503

+15.4% from 2016

Average account balance

$520,398

-6.7% from 2016

Annual return

-1.55%

-9.63 pp from 2016

Benchmarks

See 3,168 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,168 peers

Snapshot2015

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 20 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB Service code 27 · EIN 94-1671384	Advisory (Plan)	$104,850
MORGAN STANLEY SMITH BARNEY1+ years Filed as: MORGAN STANLEY Service code 27 · EIN 94-1671384	Advisory (Plan)	$93,752
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO Service code 27	Advisory (Plan)	$80,701
UBS FINANCIAL SERVICES INC1+ years Filed as: UBS Service code 27 · EIN 13-2638166	Advisory (Plan)	$55,870
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Filed as: MERRILL LYNCH Service code 27 · EIN 13-3180817	Advisory (Plan)	$43,097
AMERIPRISE FINANCIAL SERVICES INC1+ years Filed as: AMERIPRISE FINANCIAL Service code 27	Advisory (Plan)	$30,479
LPL FINANCIAL1+ years Service code 27 · EIN 95-2834236	Advisory (Plan)	$28,379
MILLENNIUM INVESTMENT & RETIREMENT1+ years Filed as: MILLENNIUM TRUST COMPANY Service code 27	Advisory (Plan)	$17,404
CITIGROUP GLOBAL MARKETS INC1+ years Filed as: CITIPERSONAL WEALTH MANAGEMENT Service code 27	Advisory (Plan)	$16,437
TD AMERITRADE, INC.1+ years Filed as: AMERITRADE INSTITUTIONAL Service code 27	Advisory (Plan)	$16,089

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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$771K

$1599 / participant

Investment mgmt$573K74.3%
Contract admin$3K0.4%
Other / not subdivided$195K25.3%

% of EOY assets

0.509%

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: SNEAD & ASSOCIATES LLP
Auditor EIN: 200917166
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$520,398

$37,117+1302.0%

$147,618+252.5%

$55,191+842.9%

Participation rate

56.0%

63.6%-7.6pp

84.6%-28.6pp

69.2%-13.1pp

Annual return

-1.55%

3.44%-5.0pp

61.98%-63.5pp

10.78%-12.3pp

Employer contribution / active EE

$21,606

$1,620+1233.3%

$5,564+288.3%

$1,899+1037.9%

Participant deferral / active EE

$1,985-100.0%

$4,895-100.0%

$3,046-100.0%

Admin fee / account holder

$2,648

$86+2995.0%

$11,612-77.2%

$91+2817.3%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHARLES SCHWAB

Service code 27 · EIN 94-1671384

Advisory (Plan)

$104,850

MORGAN STANLEY SMITH BARNEY1+ years

Filed as: MORGAN STANLEY

Service code 27 · EIN 94-1671384

Advisory (Plan)

$93,752

WELLS FARGO BANK, N.A.1+ years

Filed as: WELLS FARGO

Service code 27

Advisory (Plan)

$80,701

UBS FINANCIAL SERVICES INC1+ years

Filed as: UBS

Service code 27 · EIN 13-2638166

Advisory (Plan)

$55,870

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Filed as: MERRILL LYNCH

Service code 27 · EIN 13-3180817

Advisory (Plan)

$43,097

AMERIPRISE FINANCIAL SERVICES INC1+ years

Filed as: AMERIPRISE FINANCIAL

Service code 27

Advisory (Plan)

$30,479

LPL FINANCIAL1+ years

Service code 27 · EIN 95-2834236

Advisory (Plan)

$28,379

MILLENNIUM INVESTMENT & RETIREMENT1+ years

Filed as: MILLENNIUM TRUST COMPANY

Service code 27

Advisory (Plan)

$17,404

CITIGROUP GLOBAL MARKETS INC1+ years

Filed as: CITIPERSONAL WEALTH MANAGEMENT

Service code 27

Advisory (Plan)

$16,437

TD AMERITRADE, INC.1+ years

Filed as: AMERITRADE INSTITUTIONAL

Service code 27

Advisory (Plan)

$16,089

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