Retirement plan

SUNFLOWER MEDICAL GROUP, P.A. PROFIT SHARING 401(K) PLAN

Name: SUNFLOWER MEDICAL GROUP, P.A. - SUNFLOWER MEDICAL GROUP, P.A. PROFIT SHARING 401(K) PLAN (2020) Form 5500
Creator: SUNFLOWER MEDICAL GROUP, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SUNFLOWER MEDICAL GROUP, P.A. PROFIT SHARING 401(K) PLAN, SUNFLOWER MEDICAL GROUP, P.A.

SUNFLOWER MEDICAL GROUP, P.A.EIN 48-1152958Plan #001PY 2020

5675 ROE BLVD., SUITE 100 - ROELAND PARK, KS 66205913-432-2080sunflowermed.comLinkedIn51-200 employeeshealth, wellness and fitness

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$23.4M

+13.9% from 2019

Total participants

163

+4.5% from 2019

Average account balance

$145,402

+9.7% from 2019

Annual return

12.74%

-7.74 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$29.83M

Not enough data

1 years with asset history on file

Average account balance

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

$164K

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.

182

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.

98.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+12.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$403

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 4 by compensation

Provider	Service type	Compensation
NORTH AMERICAN KTRADE ALLIANCE, LLC6+ years Filed as: NORTH AMERICAN KTRADE ALLIANCE Service code 10 · EIN 32-0169227 1500 NORTH OAK DRIVE, SUITE B · PLYMOUTH, IN 46563	Accounting	$42,626
STRATEGIC FINANCIAL GROUP2 years Filed as: STEFFES FINANCIAL Service code 27 · EIN 74-2834375 8655 COLLEGE BLVD. · OVERLAND PARK, KS 66210	Advisory (Plan)	$19,166
DEMARS PENSION CONSULTING SERVICES6+ years Service code 10 · EIN 48-0890241 8700 INDIAN CREEK PARKWAY SUITE 185 · OVERLAND PARK, KS 66210	Accounting	$3,360
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB & CO. INC Service code 19 · EIN 94-1737782	Securities Custodian	$32

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$58K

$453 / participant

Investment mgmt$58K100.0%

% of EOY assets

0.250%

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: PICKETT, CHANEY & MCMULLEN LLP
Auditor EIN: 481246310
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$145,402

$58,888+146.9%

$178,499-18.5%

$73,493+97.8%

Participation rate

98.4%

66.2%+32.2pp

81.9%+16.5pp

70.7%+27.8pp

Annual return

12.74%

24.86%-12.1pp

151.10%-138.4pp

28.51%-15.8pp

Employer contribution / active EE

$6,748

$2,236+201.8%

$5,011+34.7%

$2,270+197.3%

Participant deferral / active EE

$5,819

$2,568+126.6%

$5,202+11.8%

$3,740+55.6%

Admin fee / account holder

$363

$400-9.3%

$13,986-97.4%

$513-29.3%

Provider

Service type

Compensation

NORTH AMERICAN KTRADE ALLIANCE, LLC6+ years

Filed as: NORTH AMERICAN KTRADE ALLIANCE

Service code 10 · EIN 32-0169227

1500 NORTH OAK DRIVE, SUITE B · PLYMOUTH, IN 46563

Accounting

$42,626

STRATEGIC FINANCIAL GROUP2 years

Filed as: STEFFES FINANCIAL

Service code 27 · EIN 74-2834375

8655 COLLEGE BLVD. · OVERLAND PARK, KS 66210

Advisory (Plan)

$19,166

DEMARS PENSION CONSULTING SERVICES6+ years

Service code 10 · EIN 48-0890241

8700 INDIAN CREEK PARKWAY SUITE 185 · OVERLAND PARK, KS 66210

Accounting

$3,360

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB & CO. INC

Service code 19 · EIN 94-1737782

Securities Custodian

$32

SUNFLOWER MEDICAL GROUP, P.A. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SUNFLOWER MEDICAL GROUP, P.A. PROFIT SHARING 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