Retirement plan

OAKLAND-MACOMB OBSTETRICS & GYNECOLOGY, PC 401(K) PROFIT SHARING PLAN

Name: OAKLAND-MACOMB OBSTETRICS & GYNECOLOGY, PC - OAKLAND-MACOMB OBSTETRICS & GYNECOLOGY, PC 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: OAKLAND-MACOMB OBSTETRICS & GYNECOLOGY, PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OAKLAND-MACOMB OBSTETRICS & GYNECOLOGY, PC 401(K) PROFIT SHARING PLAN, OAKLAND-MACOMB OBSTETRICS & GYNECOLOGY, PC

OAKLAND-MACOMB OBSTETRICS & GYNECOLOGY, PCEIN 38-3526073Plan #001PY 2018

1701 SO. BOULEVARD E, SUITE 200 - ROCHESTER HILLS, MI 48307248-997-5805oaklandmacombobgyn.comLinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$8.1M

+0.6% from 2017

Total participants

119

+16.7% from 2017

Average account balance

$80,547

-7.3% from 2017

Annual return

-7.37%

-23.89 pp from 2017

Benchmarks

See 18,164 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,164 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.61M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

195

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.41M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$254

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J2F2G3D

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.
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.)
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

$69K

$717 / participant

Other / not subdivided$69K100.0%

% of EOY assets

0.846%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$80,547

$75,962+6.0%

$154,111-47.7%

$64,173+25.5%

Participation rate

81.3%

70.4%+10.8pp

83.0%-1.8pp

69.6%+11.7pp

Annual return

-7.37%

30.32%-37.7pp

735.18%-742.6pp

7.63%-15.0pp

Employer contribution / active EE

$2,452

$3,350-26.8%

$5,298-53.7%

$2,381+3.0%

Participant deferral / active EE

$4,997

$3,175+57.4%

$5,081-1.6%

$3,470+44.0%

Admin fee / account holder

$681

$5,589-87.8%

$13,411-94.9%

$4,887-86.1%

OAKLAND-MACOMB OBSTETRICS & GYNECOLOGY, PC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OAKLAND-MACOMB OBSTETRICS & GYNECOLOGY, PC 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