Retirement plan

SIGNATURE MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN

Name: SIGNATURE MEDICAL GROUP, INC. - SIGNATURE MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: SIGNATURE MEDICAL GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SIGNATURE MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN, SIGNATURE MEDICAL GROUP, INC.

SIGNATURE MEDICAL GROUP, INC.EIN 43-1696710Plan #001PY 2024

12639 OLD TESSON RD STE 115 - SAINT LOUIS, MO 631282786314-849-0311signaturemedicalgroup.comLinkedIn201-500 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$115.5M

+1.9% from 2023

Total participants

599

-14.2% from 2023

Average account balance

$203,678

+14.9% from 2023

Annual return

14.36%

-1.85 pp from 2023

Benchmarks

See 4,134 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,134 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$115.49M

Not enough data

1 years with asset history on file

Average account balance

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

$204K

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.

567

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.

89.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.05M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+14.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$456

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

See the 9-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
VISIONARY WEALTH ADVISORS, LLC2 years Filed as: VISIONARY WEALTH ADVISORS Service code 17 · EIN 43-5210986 1401 S BRENTWOOD BLVD · ST. LOUIS, MO 63144	Pension Consulting	$115,096
ALERUS FINANCIAL, N.A.6 years Filed as: ALERUS FINANCIAL NA Service code 15 · EIN 45-6062081 PO BOX 6001 · GRAND FORKS, ND 582066001	Recordkeeping	$63,695
BENEFIT PLANS ADMIN SERVICES, INC.2 years Filed as: BENEFIT PLANS PLUS Service code 10 · EIN 43-1829594 11701 BORMAN DRIVE · ST. LOUIS, MO 63146	Accounting	$40,469
ARMANINO LLP2 years Filed as: ARMANINO, LLP Service code 10 · EIN 94-6214841 6 CITYPLACE · ST. LOUIS, MO 63141	Accounting	$16,800

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

$259K

$826 / participant

Recordkeeping$23K8.9%
Investment mgmt$178K69.0%
Contract admin$40K15.6%
Other / not subdivided$17K6.5%

% of EOY assets

0.224%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: ARMANINO, LLP
Auditor EIN: 332514127
Audit fees: $16,800
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$203,678

$50,820+300.8%

$155,567+30.9%

$77,671+162.2%

Participation rate

89.8%

63.1%+26.6pp

78.2%+11.6pp

70.6%+19.2pp

Annual return

14.36%

34.85%-20.5pp

64.74%-50.4pp

31.21%-16.8pp

Employer contribution / active EE

$6,251

$1,993+213.7%

$4,674+33.7%

$2,726+129.3%

Participant deferral / active EE

$6,699

$2,823+137.3%

$5,628+19.0%

$4,648+44.1%

Admin fee / account holder

$456

$436+4.6%

$15,916-97.1%

$430+6.0%

Provider

Service type

Compensation

VISIONARY WEALTH ADVISORS, LLC2 years

Filed as: VISIONARY WEALTH ADVISORS

Service code 17 · EIN 43-5210986

1401 S BRENTWOOD BLVD · ST. LOUIS, MO 63144

Pension Consulting

$115,096

ALERUS FINANCIAL, N.A.6 years

Filed as: ALERUS FINANCIAL NA

Service code 15 · EIN 45-6062081

PO BOX 6001 · GRAND FORKS, ND 582066001

Recordkeeping

$63,695

BENEFIT PLANS ADMIN SERVICES, INC.2 years

Filed as: BENEFIT PLANS PLUS

Service code 10 · EIN 43-1829594

11701 BORMAN DRIVE · ST. LOUIS, MO 63146

Accounting

$40,469

ARMANINO LLP2 years

Filed as: ARMANINO, LLP

Service code 10 · EIN 94-6214841

6 CITYPLACE · ST. LOUIS, MO 63141

Accounting

$16,800

SIGNATURE MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SIGNATURE MEDICAL GROUP, INC. 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