Retirement plan

401(K) PLAN AND EMPLOYEES TRUST OF ONCOLOGY HEMATOLOGY WEST, P. C.

Name: ONCOLOGY HEMATOLOGY WEST, P.C. - 401(K) PLAN AND EMPLOYEES TRUST OF ONCOLOGY HEMATOLOGY WEST, P. C. (2022) Form 5500
Creator: ONCOLOGY HEMATOLOGY WEST, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401(K) PLAN AND EMPLOYEES TRUST OF ONCOLOGY HEMATOLOGY WEST, P. C., ONCOLOGY HEMATOLOGY WEST, P.C.

ONCOLOGY HEMATOLOGY WEST, P.C.EIN 47-0754790Plan #001PY 2022

7500 MERCY RD - SUITE 1300 - OMAHA, NE 68124402-354-8124LinkedIn51-200 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$38.3M

-5.1% from 2021

Total participants

347

+9.8% from 2021

Average account balance

$113,879

-15.3% from 2021

Annual return

-12.84%

-31.38 pp from 2021

Benchmarks

See 3,876 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,876 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$52.11M

Not enough data

1 years with asset history on file

Average account balance

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

$142K

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.

367

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+15.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$344

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 8 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL INSURANCE CO Service code 62 · EIN 04-1590850	Recordkeeping fees; Float revenue	$111,131
GLOBAL RETIREMENT PARTNERS LLC6 years Service code 27 · EIN 47-1411118	Advisory (Plan)	$34,380
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$21,382
KELLEY FINANCIAL SERVICES, INC.1 year Filed as: KELLEY FINANCIAL SERVICES INC. Service code 13	Contract Administrator	$20,814
LINCOLN NATIONAL CORPORATION7 years Filed as: LINCOLN FINANCIAL ADVISORS CORP Service code 53 · EIN 35-1151034	Insurance Commissions	$14,508
BENEFIT PLANS ADMIN SERVICES, INC.1 year Filed as: BENEFIT PLANS, INC. Service code 13 · EIN 47-0617162	Contract Administrator	$6,051
LINCOLN NATIONAL CORPORATION1 year Filed as: LINCOLN FINANCIAL ADVISORS Service code 55 1300 S CLINTON ST 1H-50 · FORT WAYNE, IN 46802	Other Commissions	$3,182
KELLEY FINANCIAL SERVICES, INC.8+ years Service code 13 · EIN 47-0800241	Contract Administrator	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

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.
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

$167K

$599 / participant

Investment mgmt$146K87.1%
Contract admin$21K12.9%

% of EOY assets

0.436%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$113,879

$46,325+145.8%

$143,788-20.8%

$64,814+75.7%

Participation rate

96.1%

64.2%+31.8pp

80.3%+15.7pp

71.5%+24.6pp

Annual return

-12.84%

-10.05%-2.8pp

-0.03%-12.8pp

32.84%-45.7pp

Employer contribution / active EE

$10,540

$1,911+451.5%

$4,952+112.9%

$2,507+320.5%

Participant deferral / active EE

$4,656

$2,647+75.9%

$5,638-17.4%

$4,310+8.0%

Admin fee / account holder

$497

$154+223.1%

$14,675-96.6%

$188+164.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL INSURANCE CO

Service code 62 · EIN 04-1590850

Recordkeeping fees; Float revenue

$111,131

GLOBAL RETIREMENT PARTNERS LLC6 years

Service code 27 · EIN 47-1411118

Advisory (Plan)

$34,380

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$21,382

KELLEY FINANCIAL SERVICES, INC.1 year

Filed as: KELLEY FINANCIAL SERVICES INC.

Service code 13

Contract Administrator

$20,814

LINCOLN NATIONAL CORPORATION7 years

Filed as: LINCOLN FINANCIAL ADVISORS CORP

Service code 53 · EIN 35-1151034

Insurance Commissions

$14,508

BENEFIT PLANS ADMIN SERVICES, INC.1 year

Filed as: BENEFIT PLANS, INC.

Service code 13 · EIN 47-0617162

Contract Administrator

$6,051

LINCOLN NATIONAL CORPORATION1 year

Filed as: LINCOLN FINANCIAL ADVISORS

Service code 55

1300 S CLINTON ST 1H-50 · FORT WAYNE, IN 46802

Other Commissions

$3,182

KELLEY FINANCIAL SERVICES, INC.8+ years

Service code 13 · EIN 47-0800241

Contract Administrator

401(K) PLAN AND EMPLOYEES TRUST OF ONCOLOGY HEMATOLOGY WEST, P. C.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401(K) PLAN AND EMPLOYEES TRUST OF ONCOLOGY HEMATOLOGY WEST, P. C.

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