Retirement plan

CLINICAL RADIOLOGISTS PROFIT SHARING PLAN

Name: CLINICAL RADIOLOGISTS, S.C. - CLINICAL RADIOLOGISTS PROFIT SHARING PLAN (2020) Form 5500
Creator: CLINICAL RADIOLOGISTS, S.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CLINICAL RADIOLOGISTS PROFIT SHARING PLAN, CLINICAL RADIOLOGISTS, S.C.

CLINICAL RADIOLOGISTS, S.C.EIN 37-0919221Plan #003PY 2020

3050 MONTVALE DR. - SPRINGFIELD, IL 62704217-726-8096crscweb.comLinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$73.6M

+4.2% from 2019

Total participants

155

-8.8% from 2019

Average account balance

$477,747

+15.0% from 2019

Annual return

13.80%

-8.97 pp from 2019

Benchmarks

See 5,414 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,414 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$62.96M

Not enough data

1 years with asset history on file

Average account balance

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

$547K

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.

115

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

$2.93M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$47K

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

+10.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$881

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 3 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS1 year Filed as: HM CAPITAL MANAGEMENT Service code 16 · EIN 20-3287389	Consulting	$50,792
THE VANGUARD GROUP, INC.2 years Service code 15 · EIN 23-1945930	Recordkeeping	$23,157
ECK SCHAFER & PUNKE LLP1 year Service code 10 · EIN 37-1335003	Accounting	$11,500

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

$85K

$756 / participant

Other / not subdivided$85K100.0%

% of EOY assets

0.116%

all-in expense ratio

Categories reported

0 / 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: ECK, SCHAFER & PUNKE, LLP
Auditor EIN: 371335003
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$477,747

$58,895+711.2%

$178,503+167.6%

$73,497+550.0%

Participation rate

99.1%

66.2%+32.9pp

81.9%+17.2pp

70.7%+28.4pp

Annual return

13.80%

24.86%-11.1pp

151.12%-137.3pp

28.51%-14.7pp

Employer contribution / active EE

$40,796

$2,236+1724.6%

$5,011+714.1%

$2,270+1697.1%

Participant deferral / active EE

$2,162

$2,567-15.8%

$5,202-58.4%

$3,740-42.2%

Admin fee / account holder

$555

$400+38.6%

$13,987-96.0%

$513+8.1%

Provider

Service type

Compensation

AMERICAN FUNDS1 year

Filed as: HM CAPITAL MANAGEMENT

Service code 16 · EIN 20-3287389

Consulting

$50,792

THE VANGUARD GROUP, INC.2 years

Service code 15 · EIN 23-1945930

Recordkeeping

$23,157

ECK SCHAFER & PUNKE LLP1 year

Service code 10 · EIN 37-1335003

Accounting

$11,500

CLINICAL RADIOLOGISTS PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CLINICAL RADIOLOGISTS 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