Retirement plan

DES MOINES ORTHOPAEDIC SURGEONS, P.C. 401(K) PROFIT SHARING PLAN

Name: DES MOINES ORTHOPAEDIC SURGEONS, P.C. - DES MOINES ORTHOPAEDIC SURGEONS, P.C. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: DES MOINES ORTHOPAEDIC SURGEONS, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DES MOINES ORTHOPAEDIC SURGEONS, P.C. 401(K) PROFIT SHARING PLAN, DES MOINES ORTHOPAEDIC SURGEONS, P.C.

DES MOINES ORTHOPAEDIC SURGEONS, P.C.EIN 42-0984558Plan #002PY 2017

6001 WESTOWN PARKWAY - WEST DES MOINES, IA 502667702515-224-1414LinkedIn1-10 employeesmarketing and advertising

Other plans on this EIN

1 filing

#004Retirement-$4.5M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$63.4M

+19.1% from 2016

Total participants

298

+15.1% from 2016

Average account balance

$220,051

+4.2% from 2016

Annual return

16.22%

+3.93 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$92.73M

Not enough data

1 years with asset history on file

Average account balance

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

$240K

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.

387

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.

83.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.92M

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

+12.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$327

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 6 by compensation

Provider	Service type	Compensation
FOSTER GROUP3+ years Service code 27 · EIN 42-1361385	Advisory (Plan)	$106,415
MILLIMAN, INC.3+ years Service code 15 · EIN 91-0675641	Recordkeeping	$45,041
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$12,649
STEELE CAPITAL MANAGEMENT, INC.3+ years Filed as: STEELE CAPITAL MANAGEMENT INC Service code 27 · EIN 42-1460565	Advisory (Plan)	$10,561
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB & CO. INC. Service code 19 · EIN 94-1737782	Securities Custodian	$1,567
CHARLES SCHWAB & CO., INC.3+ years Service code 19	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R3D2T

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$144K

$585 / participant

Other / not subdivided$144K100.0%

% of EOY assets

0.228%

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: RSM US LLP
Auditor EIN: 470741325
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$220,051

$55,453+296.8%

$170,435+29.1%

$62,293+253.3%

Participation rate

96.0%

66.4%+29.6pp

83.6%+12.4pp

69.5%+26.4pp

Annual return

16.22%

21.38%-5.2pp

205.94%-189.7pp

28.90%-12.7pp

Employer contribution / active EE

$10,119

$2,164+367.7%

$5,432+86.3%

$2,042+395.5%

Participant deferral / active EE

$5,427

$2,303+135.7%

$4,939+9.9%

$3,169+71.3%

Admin fee / account holder

$501

$455+10.2%

$13,881-96.4%

$479+4.6%

Provider

Service type

Compensation

FOSTER GROUP3+ years

Service code 27 · EIN 42-1361385

Advisory (Plan)

$106,415

MILLIMAN, INC.3+ years

Service code 15 · EIN 91-0675641

Recordkeeping

$45,041

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$12,649

STEELE CAPITAL MANAGEMENT, INC.3+ years

Filed as: STEELE CAPITAL MANAGEMENT INC

Service code 27 · EIN 42-1460565

Advisory (Plan)

$10,561

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB & CO. INC.

Service code 19 · EIN 94-1737782

Securities Custodian

$1,567

CHARLES SCHWAB & CO., INC.3+ years

Service code 19

Securities Custodian

DES MOINES ORTHOPAEDIC SURGEONS, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DES MOINES ORTHOPAEDIC SURGEONS, P.C. 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