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 (2018) 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 2018

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

Other plans on this EIN

3 filings

#004Retirement-$66.7M assets #002Retirement-$66.6M assets #005Retirement-$20.3M assets

Prospect flagsHigh feesHigh cashLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$183.5M

-8.0% from 2016

Total participants

485

+15.4% from 2016

Average account balance

$544,574

-6.7% from 2016

Annual return

-5.00%

-9.63 pp from 2016

Benchmarks

See 3,849 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,849 peers

Snapshot2018

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 19 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.4+ years Filed as: CHARLES SCHWAB Service code 27 · EIN 94-1737782	Advisory (Plan)	$154,143
MORGAN STANLEY SMITH BARNEY4+ years Filed as: MORGAN STANLEY Service code 27 · EIN 26-4310632	Advisory (Plan)	$124,583
TD AMERITRADE, INC.4+ years Filed as: TD AMERITRADE Service code 27 · EIN 06-0988655	Advisory (Plan)	$97,381
WELLS FARGO BANK, N.A.4+ years Filed as: WELLS FARGO Service code 27 · EIN 94-1347393	Advisory (Plan)	$94,242
UBS FINANCIAL SERVICES INC4+ years Filed as: UBS Service code 27 · EIN 13-2638166	Advisory (Plan)	$67,947
MERRILL LYNCH PIERCE FENNER & SMITH4+ years Filed as: MERRILL LYNCH Service code 27 · EIN 13-3180817	Advisory (Plan)	$45,583
FIDELITY INVESTMENTS INSTITUTIONAL3 years Filed as: FIDELITY INVESTMENTS Service code 27 · EIN 04-2882358	Advisory (Plan)	$27,657
LPL FINANCIAL4+ years Service code 27 · EIN 95-2834236	Advisory (Plan)	$19,825
AMERIPRISE FINANCIAL SERVICES INC4+ years Filed as: AMERIPRISE FINANCIAL Service code 27 · EIN 41-0973005	Advisory (Plan)	$17,170
DA DAVIDSON & CO2 years Filed as: D.A. DAVIDSON Service code 27 · EIN 81-0139474	Advisory (Plan)	$16,617

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

4 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.)
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

$859K

$1881 / participant

Investment mgmt$752K87.5%
Contract admin$8K0.9%
Other / not subdivided$99K11.5%

% of EOY assets

0.468%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$544,574

$37,203+1363.8%

$154,110+253.4%

$55,727+877.2%

Participation rate

67.6%

64.1%+3.5pp

83.0%-15.4pp

70.9%-3.2pp

Annual return

-5.00%

1320.03%-1325.0pp

735.22%-740.2pp

244.94%-249.9pp

Employer contribution / active EE

$26,557

$1,614+1544.9%

$5,298+401.3%

$2,078+1177.8%

Participant deferral / active EE

$2,069-100.0%

$5,081-100.0%

$3,356-100.0%

Admin fee / account holder

$2,550

$102+2409.6%

$13,412-81.0%

$115+2114.1%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.4+ years

Filed as: CHARLES SCHWAB

Service code 27 · EIN 94-1737782

Advisory (Plan)

$154,143

MORGAN STANLEY SMITH BARNEY4+ years

Filed as: MORGAN STANLEY

Service code 27 · EIN 26-4310632

Advisory (Plan)

$124,583

TD AMERITRADE, INC.4+ years

Filed as: TD AMERITRADE

Service code 27 · EIN 06-0988655

Advisory (Plan)

$97,381

WELLS FARGO BANK, N.A.4+ years

Filed as: WELLS FARGO

Service code 27 · EIN 94-1347393

Advisory (Plan)

$94,242

UBS FINANCIAL SERVICES INC4+ years

Filed as: UBS

Service code 27 · EIN 13-2638166

Advisory (Plan)

$67,947

MERRILL LYNCH PIERCE FENNER & SMITH4+ years

Filed as: MERRILL LYNCH

Service code 27 · EIN 13-3180817

Advisory (Plan)

$45,583

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Filed as: FIDELITY INVESTMENTS

Service code 27 · EIN 04-2882358

Advisory (Plan)

$27,657

LPL FINANCIAL4+ years

Service code 27 · EIN 95-2834236

Advisory (Plan)

$19,825

AMERIPRISE FINANCIAL SERVICES INC4+ years

Filed as: AMERIPRISE FINANCIAL

Service code 27 · EIN 41-0973005

Advisory (Plan)

$17,170

DA DAVIDSON & CO2 years

Filed as: D.A. DAVIDSON

Service code 27 · EIN 81-0139474

Advisory (Plan)

$16,617

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