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 (2023) 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 2023

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

Other plans on this EIN

3 filings

#002Retirement-$214.5M assets #005Retirement-$49.4M assets #004Retirement--

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$264.9M

-8.0% from 2016

Total participants

380

+15.4% from 2016

Average account balance

$697,005

-6.7% from 2016

Annual return

19.22%

-9.63 pp from 2016

Benchmarks

See 4,033 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,033 peers

Snapshot2023

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 15 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.9+ years Filed as: CHARLES SCHWAB Service code 27 · EIN 94-1737782	Advisory (Plan)	$241,212
MORGAN STANLEY SMITH BARNEY9+ years Filed as: MORGAN STANLEY Service code 27 · EIN 26-4310632	Advisory (Plan)	$154,662
TD AMERITRADE, INC.9+ years Filed as: TD AMERITRADE Service code 27 · EIN 06-0988655	Advisory (Plan)	$111,232
FIDELITY INVESTMENTS INSTITUTIONAL8 years Filed as: FIDELITY INVESTMENTS Service code 27 · EIN 04-2882358	Advisory (Plan)	$80,655
WELLS FARGO BANK, N.A.4 years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 94-1347393	Advisory (Plan)	$70,997
MERRILL LYNCH PIERCE FENNER & SMITH9+ years Filed as: MERRILL LYNCH Service code 27 · EIN 13-3180817	Advisory (Plan)	$53,376
LPL FINANCIAL9+ years Service code 27 · EIN 95-2834236	Advisory (Plan)	$42,042
UBS FINANCIAL SERVICES INC9+ years Filed as: UBS Service code 27 · EIN 13-2638166	Advisory (Plan)	$26,812
AMERIPRISE FINANCIAL SERVICES INC9+ years Filed as: AMERIPRISE FINANCIAL Service code 27 · EIN 41-0973005	Advisory (Plan)	$23,729
NORTHWESTERN MUTUAL INVESTMENT SERV9+ years Filed as: NORTHWESTERN MUTUAL Service code 27 · EIN 39-0509570	Advisory (Plan)	$17,503

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

$969K

$2833 / participant

Investment mgmt$908K93.8%
Contract admin$15K1.5%
Other / not subdivided$46K4.7%

% of EOY assets

0.366%

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

$697,005

$47,173+1377.5%

$149,740+365.5%

$74,478+835.8%

Participation rate

100.0%

63.4%+36.6pp

78.8%+21.2pp

70.7%+29.3pp

Annual return

19.22%

22.75%-3.5pp

134.51%-115.3pp

34.37%-15.1pp

Employer contribution / active EE

$46,934

$1,903+2366.3%

$4,821+873.5%

$2,637+1680.0%

Participant deferral / active EE

$2,730-100.0%

$5,683-100.0%

$4,530-100.0%

Admin fee / account holder

$2,549

$343+642.9%

$13,222-80.7%

$347+634.4%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.9+ years

Filed as: CHARLES SCHWAB

Service code 27 · EIN 94-1737782

Advisory (Plan)

$241,212

MORGAN STANLEY SMITH BARNEY9+ years

Filed as: MORGAN STANLEY

Service code 27 · EIN 26-4310632

Advisory (Plan)

$154,662

TD AMERITRADE, INC.9+ years

Filed as: TD AMERITRADE

Service code 27 · EIN 06-0988655

Advisory (Plan)

$111,232

FIDELITY INVESTMENTS INSTITUTIONAL8 years

Filed as: FIDELITY INVESTMENTS

Service code 27 · EIN 04-2882358

Advisory (Plan)

$80,655

WELLS FARGO BANK, N.A.4 years

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 94-1347393

Advisory (Plan)

$70,997

MERRILL LYNCH PIERCE FENNER & SMITH9+ years

Filed as: MERRILL LYNCH

Service code 27 · EIN 13-3180817

Advisory (Plan)

$53,376

LPL FINANCIAL9+ years

Service code 27 · EIN 95-2834236

Advisory (Plan)

$42,042

UBS FINANCIAL SERVICES INC9+ years

Filed as: UBS

Service code 27 · EIN 13-2638166

Advisory (Plan)

$26,812

AMERIPRISE FINANCIAL SERVICES INC9+ years

Filed as: AMERIPRISE FINANCIAL

Service code 27 · EIN 41-0973005

Advisory (Plan)

$23,729

NORTHWESTERN MUTUAL INVESTMENT SERV9+ years

Filed as: NORTHWESTERN MUTUAL

Service code 27 · EIN 39-0509570

Advisory (Plan)

$17,503

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