Retirement plan

GI PARTNERS OF ILLINOIS, LLC 401(K) PLAN

Name: GI PARTNERS OF ILLINOIS, LLC - GI PARTNERS OF ILLINOIS, LLC 401(K) PLAN (2020) Form 5500
Creator: GI PARTNERS OF ILLINOIS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GI PARTNERS OF ILLINOIS, LLC 401(K) PLAN, GI PARTNERS OF ILLINOIS, LLC

GI PARTNERS OF ILLINOIS, LLCEIN 47-4755178Plan #001PY 2020

1880 WINCHESTER ROAD, SUITE 104 - LIBERTYVILLE, IL 60048847-847-2522gipartnersofil.comLinkedIn201-500 employeesmedical practice

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$35M

+31.1% from 2019

Total participants

280

+2.2% from 2019

Average account balance

$125,145

+27.8% from 2019

Annual return

21.95%

+1.71 pp from 2019

Benchmarks

See 5,414 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,414 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$38.19M

Not enough data

1 years with asset history on file

Average account balance

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

$138K

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.

277

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.22M

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

+13.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$227

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
CETERA ADVISOR NETWORKS LLC2 years Filed as: CETERA ADVISOR NETWORKS, LLC Service code 53 · EIN 95-3845382	Insurance Commissions	$43,787
BROOKE CLINE & ASSOCIATES, LLC1 year Service code 13 · EIN 45-4090227	Contract Administrator	$9,824
CAPSTONE FINANCIAL ADVISORS4+ years Service code 71 · EIN 36-4296290	Brokerage Fees	$9,785
PENSION ASSURANCE LLP4+ years Filed as: THE PENSION SPECIALISTS, LTD. Service code 14 · EIN 36-3592542	Plan Administrator	$4,878
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO. Service code 52 · EIN 04-1590850	Indirect Investment Fees	$4,495
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Service code 52	Indirect Investment Fees	$2,565
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO, INC. Service code 59 · EIN 94-1737782	Shareholder Servicing	$189

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3B3D3H

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$17K

$93 / participant

Investment mgmt$17K100.0%

% of EOY assets

0.049%

all-in expense ratio

Categories reported

1 / 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: WARADY & DAVIS LLP
Auditor EIN: 362170602
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$125,145

$58,895+112.5%

$178,503-29.9%

$73,497+70.3%

Participation rate

100.0%

66.2%+33.8pp

81.9%+18.1pp

70.7%+29.3pp

Annual return

21.95%

24.86%-2.9pp

151.12%-129.2pp

28.51%-6.6pp

Employer contribution / active EE

$7,803

$2,236+249.0%

$5,011+55.7%

$2,270+243.7%

Participant deferral / active EE

$6,041

$2,567+135.4%

$5,202+16.1%

$3,740+61.5%

Admin fee / account holder

$61

$400-84.7%

$13,987-99.6%

$513-88.1%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC2 years

Filed as: CETERA ADVISOR NETWORKS, LLC

Service code 53 · EIN 95-3845382

Insurance Commissions

$43,787

BROOKE CLINE & ASSOCIATES, LLC1 year

Service code 13 · EIN 45-4090227

Contract Administrator

$9,824

CAPSTONE FINANCIAL ADVISORS4+ years

Service code 71 · EIN 36-4296290

Brokerage Fees

$9,785

PENSION ASSURANCE LLP4+ years

Filed as: THE PENSION SPECIALISTS, LTD.

Service code 14 · EIN 36-3592542

Plan Administrator

$4,878

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO.

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$4,495

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Service code 52

Indirect Investment Fees

$2,565

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO, INC.

Service code 59 · EIN 94-1737782

Shareholder Servicing

$189

GI PARTNERS OF ILLINOIS, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GI PARTNERS OF ILLINOIS, LLC 401(K) 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