Retirement plan

NORTHERN OHIO MEDICAL SPECIALISTS, LLC CASH BALANCE PLAN

Name: NORTHERN OHIO MEDICAL SPECIALISTS, LLC - NORTHERN OHIO MEDICAL SPECIALISTS, LLC CASH BALANCE PLAN (2017) Form 5500
Creator: NORTHERN OHIO MEDICAL SPECIALISTS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHERN OHIO MEDICAL SPECIALISTS, LLC CASH BALANCE PLAN, NORTHERN OHIO MEDICAL SPECIALISTS, LLC

NORTHERN OHIO MEDICAL SPECIALISTS, LLCEIN 34-1933718Plan #002PY 2017

2500 WEST STRUB ROAD, SUITE 360 - SANDUSKY, OH 44870419-626-6161nomsdrs.comLinkedIn201-500 employeesmedical practice

Other plans on this EIN

1 filing

#001Retirement-$37.8M assets

Prospect flagsWind-down / frozen

How to read this page

Total assets (EOY)

$1.6M

+6.3% from 2016

Total participants

275

-2.8% from 2016

Average account balance

No prior year

Annual return

8.08%

+10.63 pp from 2016

Benchmarks

See 143 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined benefit

Participants100-249

Cohort143 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$93K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+0.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.2 years Filed as: NEWPORT GROUP, INC Service code 11 · EIN 59-2386168 3201 34TH STREET SOUTH · ST PETERSBURG, FL 33711	Actuarial	$18,074
UBS FINANCIAL SERVICES INC1 year Filed as: UBS FINANCIAL SERVICES Service code 27 · EIN 13-2638166	Advisory (Plan)	$12,017
MEADEN & MOORE, LTD.1 year Filed as: MEADEN AND MOORE Service code 10 · EIN 34-1818258	Accounting	$7,000

Plan features & details

Pension benefit codes1A1C1I3B

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

Opportunity flags

1 tripped

InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$37K

$161 / participant

Investment mgmt$12K32.3%
Contract admin$25K67.3%
Other / not subdivided$1500.4%

% of EOY assets

2.268%

all-in expense ratio

Categories reported

2 / 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: MEADEN & MOORE, LTD.
Auditor EIN: 341818258
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,091-100.0%

$308,850-100.0%

$44,091-100.0%

Participation rate

0.0%

0.0%0pp

48.5%-48.5pp

4.5%-4.5pp

Annual return

8.08%

10.58%-2.5pp

14.41%-6.3pp

13.95%-5.9pp

Employer contribution / active EE

$37,352-100.0%

$45,283-100.0%

$16,598-100.0%

Participant deferral / active EE

$115-100.0%

$125-100.0%

$511-100.0%

Admin fee / account holder

$612-100.0%

$9,941-100.0%

$612-100.0%

Provider

Service type

Compensation

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT GROUP, INC

Service code 11 · EIN 59-2386168

3201 34TH STREET SOUTH · ST PETERSBURG, FL 33711

Actuarial

$18,074

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS FINANCIAL SERVICES

Service code 27 · EIN 13-2638166

Advisory (Plan)

$12,017

MEADEN & MOORE, LTD.1 year

Filed as: MEADEN AND MOORE

Service code 10 · EIN 34-1818258

Accounting

$7,000

NORTHERN OHIO MEDICAL SPECIALISTS, LLC CASH BALANCE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHERN OHIO MEDICAL SPECIALISTS, LLC CASH BALANCE 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