Retirement plan

SHARP REES-STEALY MEDICAL GROUP, INC. RETIREMENT SAVINGS PLAN

Name: SHARP REES-STEALY MEDICAL GROUP, INC. - SHARP REES-STEALY MEDICAL GROUP, INC. RETIREMENT SAVINGS 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. RETIREMENT SAVINGS PLAN, SHARP REES-STEALY MEDICAL GROUP, INC.

SHARP REES-STEALY MEDICAL GROUP, INC.EIN 33-0106028Plan #002PY 2024

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

Other plans on this EIN

2 filings

#001Retirement-$307.4M assets #005Retirement-$55.4M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$246M

+14.7% from 2023

Total participants

917

+24.4% from 2023

Average account balance

$322,042

+10.6% from 2023

Annual return

18.11%

-130.27 pp from 2023

Benchmarks

See 4,141 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,141 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$246.04M

Not enough data

1 years with asset history on file

Average account balance

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

$322K

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.

764

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.

82.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.36M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+18.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$598

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 10 of 12 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.10+ years Filed as: CHARLES SCHWAB Service code 27 · EIN 94-1737782	Advisory (Plan)	$187,497
MORGAN STANLEY SMITH BARNEY10+ years Filed as: MORGAN STANLEY Service code 27 · EIN 26-4310632	Advisory (Plan)	$71,894
LPL FINANCIAL10+ years Service code 27 · EIN 95-2834236	Advisory (Plan)	$35,166
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO Service code 27 · EIN 94-1347393	Advisory (Plan)	$28,420
NWPS1 year Service code 15 · EIN 91-2090931	Recordkeeping	$26,412
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY Service code 27 · EIN 04-2882358	Advisory (Plan)	$25,216
STIFEL NICOLAUS & CO INC1 year Filed as: STIFEL NICOLAUS & CO Service code 27 · EIN 43-1273600	Advisory (Plan)	$19,473
THE BANK OF NEW YORK MELLON1 year Filed as: PERSHING Service code 27 · EIN 13-2741729	Advisory (Plan)	$10,995
MERRILL LYNCH PIERCE FENNER & SMITH10+ years Filed as: MERRILL LYNCH Service code 27 · EIN 13-3180817	Advisory (Plan)	$10,956
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES & ASSOCIATES Service code 27 · EIN 56-1281193	Advisory (Plan)	$10,825

Plan features & details

Pension benefit codes2E2J2K2F2G2R3D

Plan features

2E
Profit-sharing
Profit-sharing 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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

$457K

$539 / participant

Investment mgmt$457K100.0%

% of EOY assets

0.186%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$322,042

$50,815+533.8%

$155,509+107.1%

$77,643+314.8%

Participation rate

82.0%

63.1%+18.9pp

78.2%+3.8pp

70.6%+11.4pp

Annual return

18.11%

34.80%-16.7pp

64.67%-46.6pp

31.24%-13.1pp

Employer contribution / active EE

$7,410

$1,993+271.9%

$4,672+58.6%

$2,726+171.9%

Participant deferral / active EE

$8,350

$2,822+195.9%

$5,626+48.4%

$4,647+79.7%

Admin fee / account holder

$598

$437+37.0%

$15,912-96.2%

$430+39.0%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.10+ years

Filed as: CHARLES SCHWAB

Service code 27 · EIN 94-1737782

Advisory (Plan)

$187,497

MORGAN STANLEY SMITH BARNEY10+ years

Filed as: MORGAN STANLEY

Service code 27 · EIN 26-4310632

Advisory (Plan)

$71,894

LPL FINANCIAL10+ years

Service code 27 · EIN 95-2834236

Advisory (Plan)

$35,166

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO

Service code 27 · EIN 94-1347393

Advisory (Plan)

$28,420

NWPS1 year

Service code 15 · EIN 91-2090931

Recordkeeping

$26,412

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY

Service code 27 · EIN 04-2882358

Advisory (Plan)

$25,216

STIFEL NICOLAUS & CO INC1 year

Filed as: STIFEL NICOLAUS & CO

Service code 27 · EIN 43-1273600

Advisory (Plan)

$19,473

THE BANK OF NEW YORK MELLON1 year

Filed as: PERSHING

Service code 27 · EIN 13-2741729

Advisory (Plan)

$10,995

MERRILL LYNCH PIERCE FENNER & SMITH10+ years

Filed as: MERRILL LYNCH

Service code 27 · EIN 13-3180817

Advisory (Plan)

$10,956

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES & ASSOCIATES

Service code 27 · EIN 56-1281193

Advisory (Plan)

$10,825

SHARP REES-STEALY MEDICAL GROUP, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHARP REES-STEALY MEDICAL GROUP, INC. RETIREMENT SAVINGS 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