Retirement plan

SHARP REES-STEALY MEDICAL GROUP, INC. PROFIT SHARING PLAN

Name: SHARP REES-STEALY MEDICAL GROUP, INC. - SHARP REES-STEALY MEDICAL GROUP, INC. PROFIT SHARING PLAN (2021) 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. PROFIT SHARING PLAN, SHARP REES-STEALY MEDICAL GROUP, INC.

SHARP REES-STEALY MEDICAL GROUP, INC.EIN 33-0106028Plan #002PY 2021

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

Other plans on this EIN

3 filings

#001Retirement-$290.4M assets #004Retirement-$119.7M assets #005Retirement-$42.7M assets

Prospect flagsHigh feesLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$108.7M

-5.2% from 2016

Total participants

511

+18.3% from 2016

Average account balance

$308,059

-5.2% from 2016

Annual return

16.65%

-8.03 pp from 2016

Benchmarks

See 3,798 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,798 peers

Snapshot2021

Free accounts unlock saves, downloads, and 3-year history.

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

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.7+ years Filed as: CHARLES SCHWAB Service code 27 · EIN 94-1737782	Advisory (Plan)	$67,440
MORGAN STANLEY SMITH BARNEY7+ years Filed as: MORGAN STANLEY Service code 27 · EIN 26-4310632	Advisory (Plan)	$55,134
WELLS FARGO BANK, N.A.7+ years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 94-1347393	Advisory (Plan)	$50,367
TD AMERITRADE, INC.7+ years Filed as: TD AMERITRADE Service code 27 · EIN 06-0988655	Advisory (Plan)	$42,710
FIDELITY INVESTMENTS INSTITUTIONAL7+ years Filed as: FIDELITY INVESTMENTS Service code 27 · EIN 04-2882358	Advisory (Plan)	$41,010
LPL FINANCIAL7+ years Service code 27 · EIN 95-2834236	Advisory (Plan)	$30,225
UBS FINANCIAL SERVICES INC7+ years Filed as: UBS Service code 27 · EIN 13-2638166	Advisory (Plan)	$22,912
MERRILL LYNCH PIERCE FENNER & SMITH7+ years Filed as: MERRILL LYNCH Service code 27 · EIN 13-3180817	Advisory (Plan)	$15,432
AMERIPRISE FINANCIAL SERVICES INC7+ years Filed as: AMERIPRISE FINANCIAL Service code 27 · EIN 41-0973005	Advisory (Plan)	$13,088
NORTHWESTERN MUTUAL INVESTMENT SERV7+ years Filed as: NORTHWESTERN MUTUAL Service code 27 · EIN 39-0509570	Advisory (Plan)	$8,848

Plan features & details

Pension benefit codes2E2F2G2R3D

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.
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

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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$401K

$824 / participant

Investment mgmt$391K97.6%
Contract admin$2K0.6%
Other / not subdivided$7K1.8%

% of EOY assets

0.368%

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

$308,059

$56,551+444.7%

$185,854+65.8%

$86,828+254.8%

Participation rate

67.5%

65.5%+2.0pp

81.7%-14.2pp

72.3%-4.8pp

Annual return

16.65%

118.23%-101.6pp

122.12%-105.5pp

97.95%-81.3pp

Employer contribution / active EE

$10,240

$1,845+455.0%

$5,169+98.1%

$2,406+325.6%

Participant deferral / active EE

$2,556-100.0%

$5,569-100.0%

$4,132-100.0%

Admin fee / account holder

$1,135

$150+658.3%

$16,246-93.0%

$170+569.3%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.7+ years

Filed as: CHARLES SCHWAB

Service code 27 · EIN 94-1737782

Advisory (Plan)

$67,440

MORGAN STANLEY SMITH BARNEY7+ years

Filed as: MORGAN STANLEY

Service code 27 · EIN 26-4310632

Advisory (Plan)

$55,134

WELLS FARGO BANK, N.A.7+ years

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 94-1347393

Advisory (Plan)

$50,367

TD AMERITRADE, INC.7+ years

Filed as: TD AMERITRADE

Service code 27 · EIN 06-0988655

Advisory (Plan)

$42,710

FIDELITY INVESTMENTS INSTITUTIONAL7+ years

Filed as: FIDELITY INVESTMENTS

Service code 27 · EIN 04-2882358

Advisory (Plan)

$41,010

LPL FINANCIAL7+ years

Service code 27 · EIN 95-2834236

Advisory (Plan)

$30,225

UBS FINANCIAL SERVICES INC7+ years

Filed as: UBS

Service code 27 · EIN 13-2638166

Advisory (Plan)

$22,912

MERRILL LYNCH PIERCE FENNER & SMITH7+ years

Filed as: MERRILL LYNCH

Service code 27 · EIN 13-3180817

Advisory (Plan)

$15,432

AMERIPRISE FINANCIAL SERVICES INC7+ years

Filed as: AMERIPRISE FINANCIAL

Service code 27 · EIN 41-0973005

Advisory (Plan)

$13,088

NORTHWESTERN MUTUAL INVESTMENT SERV7+ years

Filed as: NORTHWESTERN MUTUAL

Service code 27 · EIN 39-0509570

Advisory (Plan)

$8,848

SHARP REES-STEALY MEDICAL GROUP, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHARP REES-STEALY MEDICAL GROUP, INC. PROFIT SHARING 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