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 (2022) 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 2022

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

Other plans on this EIN

3 filings

#001Retirement-$234.0M assets #004Retirement-$101.3M assets #005Retirement-$41.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$90.1M

-5.2% from 2016

Total participants

515

+18.3% from 2016

Average account balance

$242,936

-5.2% from 2016

Annual return

-16.99%

-8.03 pp from 2016

Benchmarks

See 3,874 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,874 peers

Snapshot2022

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 14 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.8+ years Filed as: CHARLES SCHWAB Service code 27 · EIN 94-1737782	Advisory (Plan)	$76,838
MORGAN STANLEY SMITH BARNEY8+ years Filed as: MORGAN STANLEY Service code 27 · EIN 26-4310632	Advisory (Plan)	$53,455
WELLS FARGO BANK, N.A.8+ years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 94-1347393	Advisory (Plan)	$47,930
TD AMERITRADE, INC.8+ years Filed as: TD AMERITRADE Service code 27 · EIN 06-0988655	Advisory (Plan)	$45,170
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Filed as: FIDELITY INVESTMENTS Service code 27 · EIN 04-2882358	Advisory (Plan)	$35,473
UBS FINANCIAL SERVICES INC8+ years Filed as: UBS Service code 27 · EIN 13-2638166	Advisory (Plan)	$17,518
LPL FINANCIAL8+ years Service code 27 · EIN 95-2834236	Advisory (Plan)	$16,033
MERRILL LYNCH PIERCE FENNER & SMITH8+ years Filed as: MERRILL LYNCH Service code 27 · EIN 13-3180817	Advisory (Plan)	$14,726
AMERIPRISE FINANCIAL SERVICES INC8+ years Filed as: AMERIPRISE FINANCIAL Service code 27 · EIN 41-0973005	Advisory (Plan)	$12,469
NORTHWESTERN MUTUAL INVESTMENT SERV8+ years Filed as: NORTHWESTERN MUTUAL Service code 27 · EIN 39-0509570	Advisory (Plan)	$9,286

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$383K

$796 / participant

Investment mgmt$369K96.3%
Contract admin$4K1.1%
Other / not subdivided$10K2.6%

% of EOY assets

0.425%

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

$242,936

$46,339+424.3%

$143,801+68.9%

$64,829+274.7%

Participation rate

70.1%

64.3%+5.8pp

80.3%-10.3pp

71.5%-1.4pp

Annual return

-16.99%

-10.05%-6.9pp

-0.04%-17.0pp

32.85%-49.8pp

Employer contribution / active EE

$11,382

$1,911+495.6%

$4,952+129.8%

$2,507+354.0%

Participant deferral / active EE

$2,648-100.0%

$5,639-100.0%

$4,312-100.0%

Admin fee / account holder

$1,032

$154+570.5%

$14,680-93.0%

$188+449.2%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.8+ years

Filed as: CHARLES SCHWAB

Service code 27 · EIN 94-1737782

Advisory (Plan)

$76,838

MORGAN STANLEY SMITH BARNEY8+ years

Filed as: MORGAN STANLEY

Service code 27 · EIN 26-4310632

Advisory (Plan)

$53,455

WELLS FARGO BANK, N.A.8+ years

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 94-1347393

Advisory (Plan)

$47,930

TD AMERITRADE, INC.8+ years

Filed as: TD AMERITRADE

Service code 27 · EIN 06-0988655

Advisory (Plan)

$45,170

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Filed as: FIDELITY INVESTMENTS

Service code 27 · EIN 04-2882358

Advisory (Plan)

$35,473

UBS FINANCIAL SERVICES INC8+ years

Filed as: UBS

Service code 27 · EIN 13-2638166

Advisory (Plan)

$17,518

LPL FINANCIAL8+ years

Service code 27 · EIN 95-2834236

Advisory (Plan)

$16,033

MERRILL LYNCH PIERCE FENNER & SMITH8+ years

Filed as: MERRILL LYNCH

Service code 27 · EIN 13-3180817

Advisory (Plan)

$14,726

AMERIPRISE FINANCIAL SERVICES INC8+ years

Filed as: AMERIPRISE FINANCIAL

Service code 27 · EIN 41-0973005

Advisory (Plan)

$12,469

NORTHWESTERN MUTUAL INVESTMENT SERV8+ years

Filed as: NORTHWESTERN MUTUAL

Service code 27 · EIN 39-0509570

Advisory (Plan)

$9,286

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