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

SHARP REES-STEALY MEDICAL GROUP, INC.EIN 33-0106028Plan #002PY 2023

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

Other plans on this EIN

3 filings

#001Retirement-$264.9M assets #005Retirement-$49.4M assets #004Retirement--

Prospect flagsHigh feesHigh cashHigh assets / participant

How to read this page

Total assets (EOY)

$214.5M

-5.2% from 2016

Total participants

737

+18.3% from 2016

Average account balance

$291,055

-5.2% from 2016

Annual return

148.38%

-8.03 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

$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.9+ years Filed as: CHARLES SCHWAB Service code 27 · EIN 94-1737782	Advisory (Plan)	$97,859
MORGAN STANLEY SMITH BARNEY9+ years Filed as: MORGAN STANLEY Service code 27 · EIN 26-4310632	Advisory (Plan)	$54,127
WELLS FARGO BANK, N.A.9+ years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 94-1347393	Advisory (Plan)	$33,919
TD AMERITRADE, INC.9+ years Filed as: TD AMERITRADE Service code 27 · EIN 06-0988655	Advisory (Plan)	$32,842
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Filed as: FIDELITY INVESTMENTS Service code 27 · EIN 04-2882358	Advisory (Plan)	$24,150
LPL FINANCIAL9+ years Service code 27 · EIN 95-2834236	Advisory (Plan)	$18,113
MERRILL LYNCH PIERCE FENNER & SMITH9+ years Filed as: MERRILL LYNCH Service code 27 · EIN 13-3180817	Advisory (Plan)	$16,275
UBS FINANCIAL SERVICES INC9+ years Filed as: UBS Service code 27 · EIN 13-2638166	Advisory (Plan)	$14,944
AMERIPRISE FINANCIAL SERVICES INC9+ years Filed as: AMERIPRISE FINANCIAL Service code 27 · EIN 41-0973005	Advisory (Plan)	$12,696
THE BANK OF NEW YORK MELLON1 year Filed as: PERSHING LLC Service code 27 · EIN 13-2741729	Advisory (Plan)	$9,188

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

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

$359K

$545 / participant

Investment mgmt$350K97.5%
Contract admin$4K1.2%
Other / not subdivided$4K1.2%

% of EOY assets

0.167%

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

$291,055

$47,173+517.0%

$149,740+94.4%

$74,478+290.8%

Participation rate

100.0%

63.4%+36.6pp

78.8%+21.2pp

70.7%+29.3pp

Annual return

148.38%

22.75%+125.6pp

134.51%+13.9pp

34.37%+114.0pp

Employer contribution / active EE

$8,841

$1,903+364.6%

$4,821+83.4%

$2,637+235.3%

Participant deferral / active EE

$2,730-100.0%

$5,683-100.0%

$4,530-100.0%

Admin fee / account holder

$487

$343+41.9%

$13,222-96.3%

$347+40.3%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.9+ years

Filed as: CHARLES SCHWAB

Service code 27 · EIN 94-1737782

Advisory (Plan)

$97,859

MORGAN STANLEY SMITH BARNEY9+ years

Filed as: MORGAN STANLEY

Service code 27 · EIN 26-4310632

Advisory (Plan)

$54,127

WELLS FARGO BANK, N.A.9+ years

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 94-1347393

Advisory (Plan)

$33,919

TD AMERITRADE, INC.9+ years

Filed as: TD AMERITRADE

Service code 27 · EIN 06-0988655

Advisory (Plan)

$32,842

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Filed as: FIDELITY INVESTMENTS

Service code 27 · EIN 04-2882358

Advisory (Plan)

$24,150

LPL FINANCIAL9+ years

Service code 27 · EIN 95-2834236

Advisory (Plan)

$18,113

MERRILL LYNCH PIERCE FENNER & SMITH9+ years

Filed as: MERRILL LYNCH

Service code 27 · EIN 13-3180817

Advisory (Plan)

$16,275

UBS FINANCIAL SERVICES INC9+ years

Filed as: UBS

Service code 27 · EIN 13-2638166

Advisory (Plan)

$14,944

AMERIPRISE FINANCIAL SERVICES INC9+ years

Filed as: AMERIPRISE FINANCIAL

Service code 27 · EIN 41-0973005

Advisory (Plan)

$12,696

THE BANK OF NEW YORK MELLON1 year

Filed as: PERSHING LLC

Service code 27 · EIN 13-2741729

Advisory (Plan)

$9,188

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