Retirement plan

THE ORTHOMERICA PRODUCTS, INC. 401(K) RETIREMENT SAVINGS PLAN

Name: ORTHOMERICA PRODUCTS, INC. - THE ORTHOMERICA PRODUCTS, INC. 401(K) RETIREMENT SAVINGS PLAN (2019) Form 5500
Creator: ORTHOMERICA PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE ORTHOMERICA PRODUCTS, INC. 401(K) RETIREMENT SAVINGS PLAN, ORTHOMERICA PRODUCTS, INC.

ORTHOMERICA PRODUCTS, INC.EIN 33-0343239Plan #001PY 2019

6333 NORTH ORANGE BLOSSOM TRAIL - LOCKHART, FL 32810407-290-6592

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$14.9M

+25.7% from 2018

Total participants

233

+3.6% from 2018

Average account balance

$63,992

+20.3% from 2018

Annual return

21.34%

+25.83 pp from 2018

Benchmarks

See 4,276 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,276 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.15M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

248

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.24M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$438

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 13 by compensation

Provider	Service type	Compensation
NBC SECURITIES INC5+ years Filed as: NBC SECURITIES, INC Service code 53 · EIN 63-0923499	Insurance Commissions	$17,939
FRAZIER & DEETER, LLC1 year Filed as: FRAZIER AND DEETER Service code 99 · EIN 22-2000222	Other Fees	$9,200
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Service code 49 · EIN 04-1590850	Other Services	$4,120
ADMINISTRATIVE FIDUCIARY SERVICES1 year Filed as: ADMINISTRATIVE FIDUCIARY SERVICE Service code 99 · EIN 11-1000111	Other Fees	$769
ALGER3 years Service code 52 · EIN 13-2665689	Indirect Investment Fees	$0
AMERICAN FUNDS3 years Service code 52 · EIN 94-6050854	Indirect Investment Fees	$0
DELAWARE INVESTMENTS3 years Service code 52 · EIN 23-2450217	Indirect Investment Fees	$0
INVESCO3 years Service code 52 · EIN 93-6305075	Indirect Investment Fees	$0
IVY FUNDS3 years Service code 52 · EIN 04-6006759	Indirect Investment Fees	$0
MFS INVESTMENT MANAGEMENT3 years Service code 52 · EIN 04-3158862	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2F2G2K3D2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$16K

$73 / participant

Contract admin$16K100.0%

% of EOY assets

0.107%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: FRAZIER AND DEETER
Auditor EIN: 581433845
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,992

$65,378-2.1%

$87,103-26.5%

$65,186-1.8%

Participation rate

100.0%

75.3%+24.7pp

76.9%+23.1pp

70.2%+29.8pp

Annual return

21.34%

31.28%-9.9pp

28.19%-6.9pp

29.39%-8.0pp

Employer contribution / active EE

$827

$1,823-54.6%

$2,521-67.2%

$2,177-62.0%

Participant deferral / active EE

$3,657

$3,389+7.9%

$4,049-9.7%

$3,514+4.1%

Admin fee / account holder

$69

$520-86.8%

$7,491-99.1%

$847-91.9%

Provider

Service type

Compensation

NBC SECURITIES INC5+ years

Filed as: NBC SECURITIES, INC

Service code 53 · EIN 63-0923499

Insurance Commissions

$17,939

FRAZIER & DEETER, LLC1 year

Filed as: FRAZIER AND DEETER

Service code 99 · EIN 22-2000222

Other Fees

$9,200

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Service code 49 · EIN 04-1590850

Other Services

$4,120

ADMINISTRATIVE FIDUCIARY SERVICES1 year

Filed as: ADMINISTRATIVE FIDUCIARY SERVICE

Service code 99 · EIN 11-1000111

Other Fees

$769

ALGER3 years

Service code 52 · EIN 13-2665689

Indirect Investment Fees

AMERICAN FUNDS3 years

Service code 52 · EIN 94-6050854

Indirect Investment Fees

DELAWARE INVESTMENTS3 years

Service code 52 · EIN 23-2450217

Indirect Investment Fees

INVESCO3 years

Service code 52 · EIN 93-6305075

Indirect Investment Fees

IVY FUNDS3 years

Service code 52 · EIN 04-6006759

Indirect Investment Fees

MFS INVESTMENT MANAGEMENT3 years

Service code 52 · EIN 04-3158862

Indirect Investment Fees

THE ORTHOMERICA PRODUCTS, INC. 401(K) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE ORTHOMERICA PRODUCTS, INC. 401(K) 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