Retirement plan

ORTHOPAEDIC & FRACTURE CLINIC PA PROFIT SHARING PLAN

Name: ORTHOPAEDIC & FRACTURE CLINIC PA - ORTHOPAEDIC & FRACTURE CLINIC PA PROFIT SHARING PLAN (2019) Form 5500
Creator: ORTHOPAEDIC & FRACTURE CLINIC PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORTHOPAEDIC & FRACTURE CLINIC PA PROFIT SHARING PLAN, ORTHOPAEDIC & FRACTURE CLINIC PA

ORTHOPAEDIC & FRACTURE CLINIC PAEIN 41-0940705Plan #001PY 2019

1431 PREMIER DR - MANKATO, MN 560016076507-386-6600

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$39.4M

+3.2% from 2018

Total participants

131

-8.4% from 2018

Average account balance

$315,375

+17.2% from 2018

Annual return

21.09%

+27.85 pp from 2018

Benchmarks

See 5,342 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,342 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$45.70M

Not enough data

1 years with asset history on file

Average account balance

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

$360K

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.

127

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.

94.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.81M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+15.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$364

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 2 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.1 year Service code 15 · EIN 45-6062081	Recordkeeping	$76,291
JRA FINANCIAL ADVISORS5+ years Service code 26 · EIN 41-1816080	Advisory (Participants)	$8,134

Plan features & details

Pension benefit codes2E2F2G2J2K

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.
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.

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 assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$84K

$812 / participant

Other / not subdivided$84K100.0%

% of EOY assets

0.214%

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: EIDE BAILLY, LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$315,375

$52,961+495.5%

$172,752+82.6%

$65,185+383.8%

Participation rate

94.2%

66.2%+28.0pp

82.6%+11.6pp

70.2%+24.0pp

Annual return

21.09%

30.12%-9.0pp

802.97%-781.9pp

29.38%-8.3pp

Employer contribution / active EE

$7,058

$2,190+222.3%

$5,144+37.2%

$2,177+224.3%

Participant deferral / active EE

$6,924

$2,471+180.2%

$5,198+33.2%

$3,514+97.0%

Admin fee / account holder

$675

$472+43.1%

$13,955-95.2%

$847-20.3%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.1 year

Service code 15 · EIN 45-6062081

Recordkeeping

$76,291

JRA FINANCIAL ADVISORS5+ years

Service code 26 · EIN 41-1816080

Advisory (Participants)

$8,134

ORTHOPAEDIC & FRACTURE CLINIC PA PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORTHOPAEDIC & FRACTURE CLINIC PA 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