Retirement plan

S L HUSAIN HAMZAVI MD PC PROFIT SHARING PLAN

Name: S L HUSAIN HAMZAVI MD PC - S L HUSAIN HAMZAVI MD PC PROFIT SHARING PLAN (2016) Form 5500
Creator: S L HUSAIN HAMZAVI MD PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, S L HUSAIN HAMZAVI MD PC PROFIT SHARING PLAN, S L HUSAIN HAMZAVI MD PC

S L HUSAIN HAMZAVI MD PCEIN 38-2387637Plan #001PY 2016

43151 DALCOMA DR STE 1 - CLINTON TOWNSHIP, MI 480386306586-286-8720hamzavi.comLinkedIn1-10 employees

Prospect flagsRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.1M

+18.7% from 2015

Total participants

137

+26.9% from 2015

Average account balance

$37,366

-25.5% from 2015

Annual return

10.78%

+9.29 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.46M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

174

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.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$323

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
CIG SECURITIES1 year Service code 27 1000 TOWN CENTER · SOUTHFIELD, MI 48075	Advisory (Plan)	$16,469
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 55	Other Commissions	$9,594
AMERICAN FUNDS1 year Filed as: CAPITAL RESEARCH AND MANAGEMENT COM Service code 64 333 SOUTH HOPE STREET · LOS ANGLES, CA 90071	Recordkeeping Fees	$1,013
EPIC RETIREMENT PLAN SERVICES1 year Filed as: KDP RETIREMENT PLAN SERVICES INC Service code 13 3060 LAKE EASTBROOK ROAD · GRAND RAPIDS, MI 49512	Contract Administrator	$700
MORGAN STANLEY SMITH BARNEY1 year Service code 55 40701 WOODWARD AVE · BLOOMFIELD HILLS, MI 48304	Other Commissions	$0

Plan features & details

Pension benefit codes2E2J2K2F2T2H

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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.

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$11K

$102 / participant

Other / not subdivided$11K100.0%

% of EOY assets

0.212%

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: RINGO & ASSOCIATES PC CPAS
Auditor EIN: 383392086
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$37,366

$46,732-20.0%

$156,551-76.1%

$55,167-32.3%

Participation rate

100.0%

65.8%+34.2pp

84.0%+16.0pp

69.0%+31.0pp

Annual return

10.78%

17.72%-6.9pp

32.23%-21.5pp

169.23%-158.5pp

Employer contribution / active EE

$1,739

$2,105-17.4%

$5,501-68.4%

$1,963-11.4%

Participant deferral / active EE

$2,874

$2,204+30.4%

$4,871-41.0%

$3,054-5.9%

Admin fee / account holder

$79

$418-81.0%

$13,028-99.4%

$504-84.3%

Provider

Service type

Compensation

CIG SECURITIES1 year

Service code 27

1000 TOWN CENTER · SOUTHFIELD, MI 48075

Advisory (Plan)

$16,469

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 55

Other Commissions

$9,594

AMERICAN FUNDS1 year

Filed as: CAPITAL RESEARCH AND MANAGEMENT COM

Service code 64

333 SOUTH HOPE STREET · LOS ANGLES, CA 90071

Recordkeeping Fees

$1,013

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: KDP RETIREMENT PLAN SERVICES INC

Service code 13

3060 LAKE EASTBROOK ROAD · GRAND RAPIDS, MI 49512

Contract Administrator

$700

MORGAN STANLEY SMITH BARNEY1 year

Service code 55

40701 WOODWARD AVE · BLOOMFIELD HILLS, MI 48304

Other Commissions

S L HUSAIN HAMZAVI MD PC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

S L HUSAIN HAMZAVI MD PC 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