Retirement plan

SUMMIT RADIOLOGY, P.C. PROFIT SHARING PLAN

Name: SUMMIT RADIOLOGY, P.C. - SUMMIT RADIOLOGY, P.C. PROFIT SHARING PLAN (2015) Form 5500
Creator: SUMMIT RADIOLOGY, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUMMIT RADIOLOGY, P.C. PROFIT SHARING PLAN, SUMMIT RADIOLOGY, P.C.

SUMMIT RADIOLOGY, P.C.EIN 35-1140337Plan #001PY 2015

5001 US HIGHWAY 30 W, SUITE D, PO BOX 80070 - FORT WAYNE, IN 468980070260-432-1568summitradiology.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$44.6M

No prior year

Total participants

121

No prior year

Average account balance

$371,803

No prior year

Annual return

-1.87%

No prior year

Benchmarks

See 15,767 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort15,767 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$72.94M

Not enough data

1 years with asset history on file

Average account balance

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

$570K

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.

128

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.

89.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+10.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$756

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 5 by compensation

Provider	Service type	Compensation
GALECKI FINANCIAL1+ years Filed as: GALECKI FINANCIAL MANAGEMENT, INC. Service code 26 · EIN 20-3255637	Advisory (Participants)	$42,711
OXFORD FINANCIAL GROUP, LTD1+ years Filed as: OXFORD FINANCIAL ADVISORS CORP. Service code 28 · EIN 35-1588335	Investment Management	$38,514
PHILLIPS FINANCIAL MANAGEMENT LLC1+ years Filed as: PHILLIPS FINANCIAL MANAGEMENT, LLC Service code 28 · EIN 20-1131890	Investment Management	$13,102
CHARLES SCHWAB & CO., INC.1+ years Service code 33 · EIN 94-1737782	Float revenue; Securities brokerage; ...	$4,958
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3H

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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$96K

$982 / participant

Investment mgmt$94K98.0%
Other / not subdivided$2K2.0%

% of EOY assets

0.216%

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: CROWE HORWATH LLP
Auditor EIN: 350921680
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$371,803

$75,832+390.3%

$147,617+151.9%

$59,633+523.5%

Participation rate

99.0%

71.6%+27.4pp

84.6%+14.4pp

68.7%+30.3pp

Annual return

-1.87%

0.37%-2.2pp

61.98%-63.9pp

2041.45%-2043.3pp

Employer contribution / active EE

$15,789

$3,485+353.1%

$5,564+183.7%

$2,203+616.8%

Participant deferral / active EE

$8,620

$3,131+175.4%

$4,895+76.1%

$3,192+170.1%

Admin fee / account holder

$802

$5,986-86.6%

$11,612-93.1%

$4,297-81.3%

Provider

Service type

Compensation

GALECKI FINANCIAL1+ years

Filed as: GALECKI FINANCIAL MANAGEMENT, INC.

Service code 26 · EIN 20-3255637

Advisory (Participants)

$42,711

OXFORD FINANCIAL GROUP, LTD1+ years

Filed as: OXFORD FINANCIAL ADVISORS CORP.

Service code 28 · EIN 35-1588335

Investment Management

$38,514

PHILLIPS FINANCIAL MANAGEMENT LLC1+ years

Filed as: PHILLIPS FINANCIAL MANAGEMENT, LLC

Service code 28 · EIN 20-1131890

Investment Management

$13,102

CHARLES SCHWAB & CO., INC.1+ years

Service code 33 · EIN 94-1737782

Float revenue; Securities brokerage; ...

$4,958

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHARLES SCHWAB & CO. INC. AND AFFIL

Service code 59

Shareholder Servicing

SUMMIT RADIOLOGY, P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUMMIT RADIOLOGY, P.C. 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