Retirement plan

NORWOOD COMPREHENSIVE PAIN MANAGEMENT, PC 401(K) PROFIT SHARING PLAN

Name: NORWOOD COMPREHENSIVE PAIN MANAGEMENT, PC - NORWOOD COMPREHENSIVE PAIN MANAGEMENT, PC 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: NORWOOD COMPREHENSIVE PAIN MANAGEMENT, PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORWOOD COMPREHENSIVE PAIN MANAGEMENT, PC 401(K) PROFIT SHARING PLAN, NORWOOD COMPREHENSIVE PAIN MANAGEMENT, PC

NORWOOD COMPREHENSIVE PAIN MANAGEMENT, PCEIN 46-1899850Plan #001PY 2016

45 WALPOLE STREET, SUITE 1 - NORWOOD, MA 02062781-352-2338myncpm.comLinkedIn1-10 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$120K

-3.0% from 2015

Total participants

-33.3% from 2015

Average account balance

$39,968

+61.6% from 2015

Annual return

8.69%

+12.42 pp from 2015

Benchmarks

See 109,098 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,098 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$699K

Not enough data

1 years with asset history on file

Average account balance

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

$140K

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.

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.

62.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$57K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3375

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2J2T3D

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).
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.
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

$64K

$15926 / participant

Other / not subdivided$64K100.0%

% of EOY assets

53.130%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,968

$181,896-78.0%

$156,551-74.5%

$273,972-85.4%

Participation rate

75.0%

88.4%-13.4pp

84.0%-9.0pp

83.0%-8.0pp

Annual return

8.69%

30.74%-22.0pp

32.23%-23.5pp

41.46%-32.8pp

Employer contribution / active EE

$3,670

$6,248-41.3%

$5,501-33.3%

$4,869-24.6%

Participant deferral / active EE

$8,629

$5,550+55.5%

$4,871+77.1%

$5,287+63.2%

Admin fee / account holder

$21,235

$15,560+36.5%

$13,028+63.0%

$10,133+109.6%

NORWOOD COMPREHENSIVE PAIN MANAGEMENT, PC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORWOOD COMPREHENSIVE PAIN MANAGEMENT, PC 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