Retirement plan

GREAT LAKES ORTHOPAEDIC CENTER 401(K) PROFIT SHARING PLAN

Name: GREAT LAKES ORTHOPAEDIC CENTER - GREAT LAKES ORTHOPAEDIC CENTER 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: GREAT LAKES ORTHOPAEDIC CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GREAT LAKES ORTHOPAEDIC CENTER 401(K) PROFIT SHARING PLAN, GREAT LAKES ORTHOPAEDIC CENTER

GREAT LAKES ORTHOPAEDIC CENTEREIN 38-3202597Plan #001PY 2024

4045 WEST ROYAL DRIVE - TRAVERSE CITY, MI 49684231-935-0900LinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$26.8M

+7.8% from 2023

Total participants

108

-15.6% from 2023

Average account balance

$264,984

+36.6% from 2023

Annual return

18.35%

-1.26 pp from 2023

Benchmarks

See 21,729 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,729 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.76M

Not enough data

1 years with asset history on file

Average account balance

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

$265K

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.

101

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.

91.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+18.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$840

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 1 by compensation

Provider	Service type	Compensation
GREENLEAF TRUST8 years Service code 15 · EIN 38-3416104	Recordkeeping	$84,890

Plan features & details

Pension benefit codes2E2G2J2R3D2F2T

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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$85K

$1048 / participant

Recordkeeping$7K7.9%
Investment mgmt$78K92.1%

% of EOY assets

0.317%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: REHMANN ROBSON, LLC
Auditor EIN: 383635706
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$264,984

$81,276+226.0%

$155,574+70.3%

$80,925+227.4%

Participation rate

91.4%

66.2%+25.1pp

78.2%+13.1pp

67.7%+23.7pp

Annual return

18.35%

33.36%-15.0pp

64.87%-46.5pp

35.65%-17.3pp

Employer contribution / active EE

$9,360

$3,103+201.6%

$4,676+100.2%

$2,756+239.6%

Participant deferral / active EE

$5,883

$3,453+70.4%

$5,629+4.5%

$4,299+36.9%

Admin fee / account holder

$840

$7,993-89.5%

$15,914-94.7%

$6,940-87.9%

Provider

Service type

Compensation

GREENLEAF TRUST8 years

Service code 15 · EIN 38-3416104

Recordkeeping

$84,890

GREAT LAKES ORTHOPAEDIC CENTER 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GREAT LAKES ORTHOPAEDIC CENTER 401(K) 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