Retirement plan

SEVEN HILLS ANESTHESIA LLC 401(K) PROFIT SHARING PLAN

Name: SEVEN HILLS ANESTHESIA LLC - SEVEN HILLS ANESTHESIA LLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: SEVEN HILLS ANESTHESIA LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SEVEN HILLS ANESTHESIA LLC 401(K) PROFIT SHARING PLAN, SEVEN HILLS ANESTHESIA LLC

SEVEN HILLS ANESTHESIA LLCEIN 46-3521076Plan #001PY 2022

10191 EVENDALE COMMONS DRIVE - CINCINNNATI, OH 45241513-817-1170sevenhillsanesthesia.comLinkedIn201-500 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$20.3M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$130.1M

-10.7% from 2021

Total participants

383

+9.4% from 2021

Average account balance

$364,476

-19.7% from 2021

Annual return

-16.09%

-33.49 pp from 2021

Benchmarks

See 3,875 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,875 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$204.25M

Not enough data

1 years with asset history on file

Average account balance

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

$526K

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.

388

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.

92.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$14.92M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$45K

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

+16.32%

Not enough data

1 years with return on file

Admin fee / account holder

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

$707

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 7 by compensation

Provider	Service type	Compensation
ROSSELOT FINANCIAL GROUP7 years Service code 51 7450 JAGER COURT · CINCINNATI, OH 45202	Investment Mgmt Fees	$80,847
AMERICAN FUNDS5 years Filed as: OPUS CAPITAL MANAGEMENT Service code 51 221 EAST FOURTH STREET · CINCINNATI, OH 45202	Investment Mgmt Fees	$43,650
ASCENSUS LLC4 years Filed as: ASCENSUS Service code 15 · EIN 11-3665754	Recordkeeping	$21,801
VEID & VEID CPAS5 years Service code 10 635 WEST SEVENTH STREET · CINCINNATI, OH 45203	Accounting	$10,504
DOVICH & ASSOCIATES LLC5 years Service code 51 625 EDEN PARK DRIVE · CINCINNATI, OH 45202	Investment Mgmt Fees	$10,459
CASSADY SCHILLER & ASSOCIATES, INC.4 years Filed as: CASSADY SCHILLER WEALTH MANAGEMENT Service code 51 4555 LAKE FOREST DR · CINCINNATI, OH 452024368	Investment Mgmt Fees	$5,723
LATITUDE SERVICE COMPANY INC2 years Service code 15 1500 N OAK DR · PLYMOUTH, IN 46563	Recordkeeping	$300

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3D

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.
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

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

$141K

$414 / participant

Other / not subdivided$141K100.0%

% of EOY assets

0.109%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: VEID & VEID CPA'S
Auditor EIN: 542131378
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$364,476

$46,332+686.7%

$143,797+153.5%

$64,824+462.3%

Participation rate

92.4%

64.2%+28.1pp

80.3%+12.1pp

71.5%+20.9pp

Annual return

-16.09%

-10.05%-6.0pp

-0.04%-16.1pp

32.84%-48.9pp

Employer contribution / active EE

$25,267

$1,911+1222.1%

$4,952+410.2%

$2,507+907.8%

Participant deferral / active EE

$11,891

$2,647+349.2%

$5,638+110.9%

$4,311+175.8%

Admin fee / account holder

$396

$154+157.3%

$14,679-97.3%

$188+110.8%

Provider

Service type

Compensation

ROSSELOT FINANCIAL GROUP7 years

Service code 51

7450 JAGER COURT · CINCINNATI, OH 45202

Investment Mgmt Fees

$80,847

AMERICAN FUNDS5 years

Filed as: OPUS CAPITAL MANAGEMENT

Service code 51

221 EAST FOURTH STREET · CINCINNATI, OH 45202

Investment Mgmt Fees

$43,650

ASCENSUS LLC4 years

Filed as: ASCENSUS

Service code 15 · EIN 11-3665754

Recordkeeping

$21,801

VEID & VEID CPAS5 years

Service code 10

635 WEST SEVENTH STREET · CINCINNATI, OH 45203

Accounting

$10,504

DOVICH & ASSOCIATES LLC5 years

Service code 51

625 EDEN PARK DRIVE · CINCINNATI, OH 45202

Investment Mgmt Fees

$10,459

CASSADY SCHILLER & ASSOCIATES, INC.4 years

Filed as: CASSADY SCHILLER WEALTH MANAGEMENT

Service code 51

4555 LAKE FOREST DR · CINCINNATI, OH 452024368

Investment Mgmt Fees

$5,723

LATITUDE SERVICE COMPANY INC2 years

Service code 15

1500 N OAK DR · PLYMOUTH, IN 46563

Recordkeeping

$300

SEVEN HILLS ANESTHESIA LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SEVEN HILLS ANESTHESIA LLC 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