Retirement plan

EMERGENCY MEDICINE SPECIALISTS, SC EMPLOYEES' PROFIT SHARING PLAN

Name: EMERGENCY MEDICINE SPECIALISTS, SC - EMERGENCY MEDICINE SPECIALISTS, SC EMPLOYEES' PROFIT SHARING PLAN (2022) Form 5500
Creator: EMERGENCY MEDICINE SPECIALISTS, SC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMERGENCY MEDICINE SPECIALISTS, SC EMPLOYEES' PROFIT SHARING PLAN, EMERGENCY MEDICINE SPECIALISTS, SC

EMERGENCY MEDICINE SPECIALISTS, SCEIN 39-1412904Plan #002PY 2022

10625 W. NORTH AVE, SUITE 101 - WAUWATOSA, WI 53226414-877-5352ems-wi.comLinkedIn201-500 employeesmedical practice

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$42.1M

-17.1% from 2021

Total participants

161

+2.5% from 2021

Average account balance

$261,241

-19.2% from 2021

Annual return

-16.22%

-32.65 pp from 2021

Benchmarks

See 5,345 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,345 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$66.62M

Not enough data

1 years with asset history on file

Average account balance

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

$273K

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.

244

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.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$38K

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

+14.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$798

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 8 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY4 years Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC Service code 13 · EIN 01-0233346	Contract Administrator	$77,403
SPECTRUM INVESTMENT ADVISORS1 year Service code 26 · EIN 39-1828175	Advisory (Participants)	$31,480
SHAKESPEARE WEALTH MANAGEMENT4 years Service code 26 N22 W27847 EDGEWATER DR STE 101 · PEWAUKEE, WI 53072	Advisory (Participants)	$15,264
MURRAY FINANCIAL GROUP4 years Filed as: THE MURRAY THOMSON GROUP Service code 26 N17W24222 RIVERWOOD DR STE 240 · WAUKESHA, WI 53188	Advisory (Participants)	$13,060
IAG WEALTH PARTNERS LLC4 years Service code 26 N19 W24200 RIVERWOOD DR, #150 · WAUKESHA, WI 53188	Advisory (Participants)	$10,069
RAYMOND JAMES FINANCIAL SERVICES2 years Service code 26 N4W22370 BLUEMOUND RD · WAUKESHA, WI 53186	Advisory (Participants)	$5,145
MERRILL LYNCH PIERCE FENNER & SMITH3 years Filed as: MERRILL LYNCH,PIERCE,FENNER & SMITH Service code 26 · EIN 13-5674085	Advisory (Participants)	$5,142
MORGAN STANLEY SMITH BARNEY2 years Filed as: J.P. MORGAN SECURITIES LLC Service code 26 131 SOUTH DEARBORN ST · CHICAGO, IL 60603	Advisory (Participants)	$4,950

Plan features & details

Pension benefit codes2E2F2G2J2R3D2A3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$158K

$1397 / participant

Investment mgmt$80K51.0%
Contract admin$77K49.0%

% of EOY assets

0.375%

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: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$261,241

$65,125+301.1%

$143,797+81.7%

$66,949+290.2%

Participation rate

100.0%

65.2%+34.8pp

80.3%+19.7pp

69.8%+30.2pp

Annual return

-16.22%

-11.13%-5.1pp

-0.04%-16.2pp

1.57%-17.8pp

Employer contribution / active EE

$21,965

$2,362+829.7%

$4,952+343.5%

$2,545+762.9%

Participant deferral / active EE

$10,802

$2,920+269.9%

$5,638+91.6%

$4,239+154.8%

Admin fee / account holder

$981

$503+95.1%

$14,679-93.3%

$594+65.2%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY4 years

Filed as: JOHN HANCOCK RETIREMENT PLAN SERVIC

Service code 13 · EIN 01-0233346

Contract Administrator

$77,403

SPECTRUM INVESTMENT ADVISORS1 year

Service code 26 · EIN 39-1828175

Advisory (Participants)

$31,480

SHAKESPEARE WEALTH MANAGEMENT4 years

Service code 26

N22 W27847 EDGEWATER DR STE 101 · PEWAUKEE, WI 53072

Advisory (Participants)

$15,264

MURRAY FINANCIAL GROUP4 years

Filed as: THE MURRAY THOMSON GROUP

Service code 26

N17W24222 RIVERWOOD DR STE 240 · WAUKESHA, WI 53188

Advisory (Participants)

$13,060

IAG WEALTH PARTNERS LLC4 years

Service code 26

N19 W24200 RIVERWOOD DR, #150 · WAUKESHA, WI 53188

Advisory (Participants)

$10,069

RAYMOND JAMES FINANCIAL SERVICES2 years

Service code 26

N4W22370 BLUEMOUND RD · WAUKESHA, WI 53186

Advisory (Participants)

$5,145

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Filed as: MERRILL LYNCH,PIERCE,FENNER & SMITH

Service code 26 · EIN 13-5674085

Advisory (Participants)

$5,142

MORGAN STANLEY SMITH BARNEY2 years

Filed as: J.P. MORGAN SECURITIES LLC

Service code 26

131 SOUTH DEARBORN ST · CHICAGO, IL 60603

Advisory (Participants)

$4,950

EMERGENCY MEDICINE SPECIALISTS, SC EMPLOYEES' PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMERGENCY MEDICINE SPECIALISTS, SC EMPLOYEES' 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