Retirement plan

ORTHOPAEDICS INDIANAPOLIS, P.C. PROFIT SHARING & 401(K) PLAN

Name: ORTHOPAEDICS INDIANAPOLIS, INC. - ORTHOPAEDICS INDIANAPOLIS, P.C. PROFIT SHARING & 401(K) PLAN (2016) Form 5500
Creator: ORTHOPAEDICS INDIANAPOLIS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORTHOPAEDICS INDIANAPOLIS, P.C. PROFIT SHARING & 401(K) PLAN, ORTHOPAEDICS INDIANAPOLIS, INC.

ORTHOPAEDICS INDIANAPOLIS, INC.EIN 35-1090576Plan #001PY 2016

8450 NORTHWEST BOULEVARD - INDIANAPOLIS, IN 46278317-802-2129orthoindy.comLinkedIn501-1000 employeeshospital & health care

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$121.5M

+10.2% from 2015

Total participants

996

-5.3% from 2015

Average account balance

$143,900

+17.8% from 2015

Annual return

7.24%

+7.81 pp from 2015

Benchmarks

See 3,733 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,733 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$229.39M

Not enough data

1 years with asset history on file

Average account balance

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

$193K

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.

1,188

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.

80.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+13.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$94

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.1 year Service code 12 · EIN 27-2037969	Claims processing; Recordkeeping fees...	$150,095
PROCOURSE FIDUCIARY ADVISORS, LLC2+ years Service code 27 12800 N. MERIDIAN, SUITE 135 · CARMEL, IN 46032	Advisory (Plan)	$35,000
VALEO FINANCIAL ADVISORS LLC2+ years Service code 27 · EIN 03-0519130	Advisory (Plan)	$32,337
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB BANK Service code 12 · EIN 42-1558009	Trustee (bank, trust company, or simi...	$32,122
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO.,INC. Service code 12 · EIN 94-1737782	Trustee (directed); Trustee (bank, tr...	$2,384
CHARLES SCHWAB & CO., INC.2+ years Service code 19	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2G2J2K2T2R2F3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$167K

$198 / participant

Investment mgmt$41K24.4%
Contract admin$95K57.1%
Other / not subdivided$31K18.5%

% of EOY assets

0.138%

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: SOMERSET CPAS, P.C.
Auditor EIN: 201717681
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$143,900

$36,916+289.8%

$156,551-8.1%

$57,658+149.6%

Participation rate

81.9%

63.4%+18.5pp

84.0%-2.1pp

70.2%+11.7pp

Annual return

7.24%

12.38%-5.1pp

32.23%-25.0pp

5.13%+2.1pp

Employer contribution / active EE

$6,546

$1,571+316.8%

$5,501+19.0%

$1,974+231.7%

Participant deferral / active EE

$4,485

$1,926+132.9%

$4,871-7.9%

$3,061+46.6%

Admin fee / account holder

$198

$82+139.9%

$13,028-98.5%

$95+109.4%

Provider

Service type

Compensation

NEWPORT GROUP, INC.1 year

Service code 12 · EIN 27-2037969

Claims processing; Recordkeeping fees...

$150,095

PROCOURSE FIDUCIARY ADVISORS, LLC2+ years

Service code 27

12800 N. MERIDIAN, SUITE 135 · CARMEL, IN 46032

Advisory (Plan)

$35,000

VALEO FINANCIAL ADVISORS LLC2+ years

Service code 27 · EIN 03-0519130

Advisory (Plan)

$32,337

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB BANK

Service code 12 · EIN 42-1558009

Trustee (bank, trust company, or simi...

$32,122

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO.,INC.

Service code 12 · EIN 94-1737782

Trustee (directed); Trustee (bank, tr...

$2,384

CHARLES SCHWAB & CO., INC.2+ years

Service code 19

Securities Custodian

ORTHOPAEDICS INDIANAPOLIS, P.C. PROFIT SHARING & 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORTHOPAEDICS INDIANAPOLIS, P.C. PROFIT SHARING & 401(K) 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