Retirement plan

EVANSVILLE SURGICAL ASSOCIATES, INC. PROFIT SHARING/SAVINGS RETIREMENT PLAN

Name: EVANSVILLE SURGICAL ASSOCIATES, INC. - EVANSVILLE SURGICAL ASSOCIATES, INC. PROFIT SHARING/SAVINGS RETIREMENT PLAN (2020) Form 5500
Creator: EVANSVILLE SURGICAL ASSOCIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EVANSVILLE SURGICAL ASSOCIATES, INC. PROFIT SHARING/SAVINGS RETIREMENT PLAN, EVANSVILLE SURGICAL ASSOCIATES, INC.

EVANSVILLE SURGICAL ASSOCIATES, INC.EIN 35-1171048Plan #001PY 2020

520 MARY STREET, SUITE 520 - EVANSVILLE, IN 47710812-435-8782evansvillesurgical.comLinkedIn51-200 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$3.5M assets

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$23.8M

+19.5% from 2019

Total participants

145

+4.3% from 2019

Average account balance

$164,238

+14.5% from 2019

Annual return

16.82%

-5.74 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.61M

Not enough data

1 years with asset history on file

Average account balance

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

$201K

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.

147

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.94M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+14.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$645

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
THOROUGHBRED FINANCIAL SERVICES LLC4 years Filed as: THOROUGHBRED FINANCIAL SERVICES Service code 26 · EIN 62-1784717 5110 MARYLAND WAY, SUITE 300 · BRENTWOOD, TN 37027	Advisory (Participants)	$43,089
THE VANGUARD GROUP, INC.4 years Service code 15 · EIN 23-1945930 100 VANGUARD BLVD. · MALVERN, PA 19355	Recordkeeping	$12,268
EMPLOYEE BENEFIT SERVICES, INC.3 years Service code 14 · EIN 62-1285777 5110 MARYLAND WAY, SUITE 300 · BRENTWOOD, TN 37027	Plan Administrator	$8,815
TD AMERITRADE, INC.4 years Service code 71 · EIN 82-0543156 P.O. BOX 2209 · OMAHA, NE 68103	Brokerage Fees	$51
ASCENSUS LLC2 years Filed as: ASCENSUS, LLC Service code 15 · EIN 11-3665754 200 DRYDEN ROAD · DRESHER, PA 19025	Recordkeeping	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.

Opportunity flags

2 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).

Expense breakdown

Schedule H Part II

Admin total

$64K

$600 / participant

Investment mgmt$43K67.1%
Contract admin$21K32.9%

% of EOY assets

0.269%

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: HARDING, SHYMANSKI & COMPANY, P.S.C
Auditor EIN: 351346211
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$164,238

$58,888+178.9%

$178,499-8.0%

$73,493+123.5%

Participation rate

100.0%

66.2%+33.8pp

81.9%+18.1pp

70.7%+29.3pp

Annual return

16.82%

24.86%-8.0pp

151.10%-134.3pp

28.51%-11.7pp

Employer contribution / active EE

$8,662

$2,236+287.3%

$5,011+72.8%

$2,270+281.6%

Participant deferral / active EE

$6,076

$2,568+136.6%

$5,202+16.8%

$3,740+62.5%

Admin fee / account holder

$443

$400+10.5%

$13,986-96.8%

$513-13.7%

Provider

Service type

Compensation

THOROUGHBRED FINANCIAL SERVICES LLC4 years

Filed as: THOROUGHBRED FINANCIAL SERVICES

Service code 26 · EIN 62-1784717

5110 MARYLAND WAY, SUITE 300 · BRENTWOOD, TN 37027

Advisory (Participants)

$43,089

THE VANGUARD GROUP, INC.4 years

Service code 15 · EIN 23-1945930

100 VANGUARD BLVD. · MALVERN, PA 19355

Recordkeeping

$12,268

EMPLOYEE BENEFIT SERVICES, INC.3 years

Service code 14 · EIN 62-1285777

5110 MARYLAND WAY, SUITE 300 · BRENTWOOD, TN 37027

Plan Administrator

$8,815

TD AMERITRADE, INC.4 years

Service code 71 · EIN 82-0543156

P.O. BOX 2209 · OMAHA, NE 68103

Brokerage Fees

$51

ASCENSUS LLC2 years

Filed as: ASCENSUS, LLC

Service code 15 · EIN 11-3665754

200 DRYDEN ROAD · DRESHER, PA 19025

Recordkeeping

EVANSVILLE SURGICAL ASSOCIATES, INC. PROFIT SHARING/SAVINGS RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EVANSVILLE SURGICAL ASSOCIATES, INC. PROFIT SHARING/SAVINGS RETIREMENT 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