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 (2017) 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 2017

5651 COPLEY DRIVE, SUITE A - SAN DIEGO, CA 92111858-499-2600LinkedIn1001-5000 employeesmedical practice

Other plans on this EIN

3 filings

#002Retirement-$69.4M assets #004Retirement-$68.0M assets #005Retirement-$14.8M assets

Prospect flagsHigh feesHigh cashHigh assets / participant

How to read this page

Total assets (EOY)

$189.1M

-8.0% from 2016

Total participants

439

+15.4% from 2016

Average account balance

$594,605

-6.7% from 2016

Annual return

15.24%

-9.63 pp from 2016

Benchmarks

See 3,812 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,812 peers

Snapshot2017

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 18 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB Service code 27	Advisory (Plan)	$136,504
MORGAN STANLEY SMITH BARNEY3+ years Filed as: MORGAN STANLEY Service code 27	Advisory (Plan)	$115,965
TD AMERITRADE, INC.3+ years Filed as: TD AMERITRADE Service code 27	Advisory (Plan)	$87,045
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO Service code 27	Advisory (Plan)	$80,685
UBS FINANCIAL SERVICES INC3+ years Filed as: UBS Service code 27 · EIN 13-2638166	Advisory (Plan)	$64,427
MERRILL LYNCH PIERCE FENNER & SMITH3+ years Filed as: MERRILL LYNCH Service code 27 · EIN 13-3180817	Advisory (Plan)	$36,175
LPL FINANCIAL3+ years Service code 27 · EIN 95-2834236	Advisory (Plan)	$23,784
MILLENNIUM INVESTMENT & RETIREMENT3+ years Filed as: MILLENNIUM TRUST COMPANY Service code 27	Advisory (Plan)	$15,911
DA DAVIDSON & CO1 year Filed as: D.A. DAVIDSON Service code 27	Advisory (Plan)	$11,857
RAYMOND JAMES FINANCIAL SERVICES3+ years Filed as: RAYMOND JAMES Service code 27	Advisory (Plan)	$9,805

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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$800K

$1923 / participant

Investment mgmt$658K82.3%
Contract admin$5K0.6%
Other / not subdivided$137K17.1%

% of EOY assets

0.423%

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

$594,605

$46,182+1187.5%

$170,435+248.9%

$69,634+753.9%

Participation rate

70.9%

63.9%+7.0pp

83.6%-12.7pp

70.7%+0.2pp

Annual return

15.24%

21.40%-6.2pp

205.94%-190.7pp

27572.26%-27557.0pp

Employer contribution / active EE

$27,778

$1,610+1625.3%

$5,432+411.4%

$2,032+1266.9%

Participant deferral / active EE

$2,081-100.0%

$4,939-100.0%

$3,224-100.0%

Admin fee / account holder

$2,516

$116+2069.1%

$13,881-81.9%

$110+2178.1%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB

Service code 27

Advisory (Plan)

$136,504

MORGAN STANLEY SMITH BARNEY3+ years

Filed as: MORGAN STANLEY

Service code 27

Advisory (Plan)

$115,965

TD AMERITRADE, INC.3+ years

Filed as: TD AMERITRADE

Service code 27

Advisory (Plan)

$87,045

WELLS FARGO BANK, N.A.3+ years

Filed as: WELLS FARGO

Service code 27

Advisory (Plan)

$80,685

UBS FINANCIAL SERVICES INC3+ years

Filed as: UBS

Service code 27 · EIN 13-2638166

Advisory (Plan)

$64,427

MERRILL LYNCH PIERCE FENNER & SMITH3+ years

Filed as: MERRILL LYNCH

Service code 27 · EIN 13-3180817

Advisory (Plan)

$36,175

LPL FINANCIAL3+ years

Service code 27 · EIN 95-2834236

Advisory (Plan)

$23,784

MILLENNIUM INVESTMENT & RETIREMENT3+ years

Filed as: MILLENNIUM TRUST COMPANY

Service code 27

Advisory (Plan)

$15,911

DA DAVIDSON & CO1 year

Filed as: D.A. DAVIDSON

Service code 27

Advisory (Plan)

$11,857

RAYMOND JAMES FINANCIAL SERVICES3+ years

Filed as: RAYMOND JAMES

Service code 27

Advisory (Plan)

$9,805

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