Retirement plan

ORTHOPAEDIC ASSOCIATES OF MICHIGAN PROFIT SHARING AND SAVINGS PLAN

Name: ORTHOPAEDIC ASSOCIATES OF MICHIGAN - ORTHOPAEDIC ASSOCIATES OF MICHIGAN PROFIT SHARING AND SAVINGS PLAN (2015) Form 5500
Creator: ORTHOPAEDIC ASSOCIATES OF MICHIGAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORTHOPAEDIC ASSOCIATES OF MICHIGAN PROFIT SHARING AND SAVINGS PLAN, ORTHOPAEDIC ASSOCIATES OF MICHIGAN

ORTHOPAEDIC ASSOCIATES OF MICHIGANEIN 38-1971253Plan #001PY 2015

230 MICHIGAN STREET, NE, SUITE 300 - GRAND RAPIDS, MI 49503616-459-7101oamichigan.comLinkedIn201-500 employeeshospital & health care

Other plans on this EIN

1 filing

#003Retirement-$11.0M assets

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed October 18, 2004

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$46.8M

No prior year

Total participants

533

No prior year

Average account balance

$111,974

No prior year

Annual return

-0.59%

No prior year

Benchmarks

See 3,168 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,168 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$94.97M

Not enough data

1 years with asset history on file

Average account balance

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

$152K

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.

626

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.

99.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.93M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+12.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$281

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 4 by compensation

Provider	Service type	Compensation
FIFTH THIRD BANK RETIREMENT SERVICE1+ years Service code 64 38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263	Recordkeeping Fees	$73,560
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 99 4800 DEER LAKE DRIVE E FL 1 · JACKSONVILLE, FL 32246	Other Fees	$28,303
WILLIAM BLAIR1+ years Filed as: WILLIAM BLAIR & COMPANY LLC Service code 27 222 W ADAMS STREET · CHICAGO, IL 60606	Advisory (Plan)	$18,888
THE W.L. BURMEISTER COMPANY1+ years Filed as: W.L. BURMEISTER COMPANY Service code 13 3358 EAGLE RUN DRIVE, NE · GRAND RAPIDS, MI 49525	Contract Administrator	$15,130

Plan features & details

Pension benefit codes2A2E2G2J2R2T3D

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.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$138K

$310 / participant

Investment mgmt$19K13.7%
Contract admin$119K86.3%

% of EOY assets

0.295%

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: DOLINKA VANNOORD & CO
Auditor EIN: 382426290
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$111,974

$37,117+201.7%

$147,617-24.1%

$55,191+102.9%

Participation rate

74.2%

63.6%+10.5pp

84.6%-10.5pp

69.2%+5.0pp

Annual return

-0.59%

3.44%-4.0pp

61.98%-62.6pp

10.78%-11.4pp

Employer contribution / active EE

$4,661

$1,620+187.7%

$5,564-16.2%

$1,899+145.5%

Participant deferral / active EE

$2,931

$1,985+47.6%

$4,895-40.1%

$3,046-3.8%

Admin fee / account holder

$330

$86+286.1%

$11,612-97.2%

$91+263.9%

Provider

Service type

Compensation

FIFTH THIRD BANK RETIREMENT SERVICE1+ years

Service code 64

38 FOUNTAIN SQUARE PLAZA · CINCINNATI, OH 45263

Recordkeeping Fees

$73,560

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Filed as: MERRILL LYNCH, PIERCE, FENNER

Service code 99

4800 DEER LAKE DRIVE E FL 1 · JACKSONVILLE, FL 32246

Other Fees

$28,303

WILLIAM BLAIR1+ years

Filed as: WILLIAM BLAIR & COMPANY LLC

Service code 27

222 W ADAMS STREET · CHICAGO, IL 60606

Advisory (Plan)

$18,888

THE W.L. BURMEISTER COMPANY1+ years

Filed as: W.L. BURMEISTER COMPANY

Service code 13

3358 EAGLE RUN DRIVE, NE · GRAND RAPIDS, MI 49525

Contract Administrator

$15,130

ORTHOPAEDIC ASSOCIATES OF MICHIGAN PROFIT SHARING AND SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORTHOPAEDIC ASSOCIATES OF MICHIGAN PROFIT SHARING AND SAVINGS PLAN

Top hat statement on fileNQDC

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