Retirement plan

OB/GYN SPECIALISTS OF THE PALM BEACHES, II, LLC 401(K) PROFIT SHARING PLAN & TRUST

Name: OB/GYN SPECIALISTS OF THE PALM BEACHES, II, LLC - OB/GYN SPECIALISTS OF THE PALM BEACHES, II, LLC 401(K) PROFIT SHARING PLAN & TRUST (2021) Form 5500
Creator: OB/GYN SPECIALISTS OF THE PALM BEACHES, II, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OB/GYN SPECIALISTS OF THE PALM BEACHES, II, LLC 401(K) PROFIT SHARING PLAN & TRUST, OB/GYN SPECIALISTS OF THE PALM BEACHES, II, LLC

OB/GYN SPECIALISTS OF THE PALM BEACHES, II, LLCEIN 38-4055153Plan #003PY 2021

1501 YAMATO ROAD, SUITE 200 WEST - BOCA RATON, FL 33431561-275-7598

Prospect flagsHigh retiree %High fees

How to read this page

Total assets (EOY)

$36.1M

+9.9% from 2020

Total participants

229

-8.4% from 2020

Average account balance

$157,677

+20.0% from 2020

Annual return

13.14%

-1.12 pp from 2020

Benchmarks

See 5,350 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,350 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$40.27M

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

283

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+15.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$349

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 10 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Filed as: GREAT-WEST & ANNUITY INSURANCE COMP Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$125,893
SECURITIES AMERICA INC1 year Filed as: SECURITIES AMERICA Service code 55	Other Commissions	$56,000
ASSOCIATED FINANCIAL CONSUTLANTS, I3+ years Service code 13	Contract Administrator	$10,000
FREESTATE ADVISORS LLC2 years Filed as: FREESTATE ADVISORS, LLC Service code 71	Brokerage Fees	$2,326
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Filed as: ADVISED ASSET GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,789
TD AMERITRADE, INC.1 year Filed as: TD AMERITRADE Service code 33 200 S 108 AVENUE · OMAHA, NE 68154	Securities brokerage	$42
ASSOCIATED FINANCIAL CONSULTANTS,3+ years Service code 13 2699 STIRLING ROAD, SUITE A200 · FT. LAUDERDALE, FL 33312	Contract Administrator	$0
FREESTATE ADVISORS LLC2 years Filed as: FREESTATE ADVSORS LLC Service code 71	Brokerage Fees	$0
INVESTACORP3+ years Filed as: INVESTACORP INC Service code 55 2699 STIRLING ROAD, SUITE A200 · FT. LAUDERDALE, FL 33312	Other Commissions	$0
TD AMERITRADE, INC.2 years Service code 33	Securities brokerage	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2R

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.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$100K

$610 / participant

Investment mgmt$100K100.0%

% of EOY assets

0.277%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WILLIAMS OVERMAN PIERCE, LLP
Auditor EIN: 560131342
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$157,677

$61,172+157.8%

$185,851-15.2%

$79,389+98.6%

Participation rate

100.0%

66.6%+33.4pp

81.7%+18.3pp

70.7%+29.3pp

Annual return

13.14%

19.45%-6.3pp

122.11%-109.0pp

116.89%-103.8pp

Employer contribution / active EE

$6,300

$2,321+171.5%

$5,168+21.9%

$2,428+159.5%

Participant deferral / active EE

$5,425

$2,788+94.6%

$5,569-2.6%

$4,046+34.1%

Admin fee / account holder

$437

$710-38.5%

$16,245-97.3%

$626-30.3%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Filed as: GREAT-WEST & ANNUITY INSURANCE COMP

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$125,893

SECURITIES AMERICA INC1 year

Filed as: SECURITIES AMERICA

Service code 55

Other Commissions

$56,000

ASSOCIATED FINANCIAL CONSUTLANTS, I3+ years

Service code 13

Contract Administrator

$10,000

FREESTATE ADVISORS LLC2 years

Filed as: FREESTATE ADVISORS, LLC

Service code 71

Brokerage Fees

$2,326

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Filed as: ADVISED ASSET GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,789

TD AMERITRADE, INC.1 year

Filed as: TD AMERITRADE

Service code 33

200 S 108 AVENUE · OMAHA, NE 68154

Securities brokerage

$42

ASSOCIATED FINANCIAL CONSULTANTS,3+ years

Service code 13

2699 STIRLING ROAD, SUITE A200 · FT. LAUDERDALE, FL 33312

Contract Administrator

FREESTATE ADVISORS LLC2 years

Filed as: FREESTATE ADVSORS LLC

Service code 71

Brokerage Fees

INVESTACORP3+ years

Filed as: INVESTACORP INC

Service code 55

2699 STIRLING ROAD, SUITE A200 · FT. LAUDERDALE, FL 33312

Other Commissions

TD AMERITRADE, INC.2 years

Service code 33

Securities brokerage

OB/GYN SPECIALISTS OF THE PALM BEACHES, II, LLC 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OB/GYN SPECIALISTS OF THE PALM BEACHES, II, LLC 401(K) PROFIT SHARING PLAN & TRUST

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