Retirement plan

ORTHOPAEDIC ASSOCIATES, P.A. CASH OR DEFERRED PROFIT SHARING

Name: ORTHOPAEDIC ASSOCIATES, P.A. - ORTHOPAEDIC ASSOCIATES, P.A. CASH OR DEFERRED PROFIT SHARING (2022) Form 5500
Creator: ORTHOPAEDIC ASSOCIATES, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORTHOPAEDIC ASSOCIATES, P.A. CASH OR DEFERRED PROFIT SHARING, ORTHOPAEDIC ASSOCIATES, P.A.

ORTHOPAEDIC ASSOCIATES, P.A.EIN 52-1488479Plan #008PY 2022

8322 BELLONA AVENUE - TOWSON, MD 21204410-337-7900

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$4.8M

-30.1% from 2021

Total participants

110

-12.0% from 2021

Average account balance

$43,463

-20.6% from 2021

Annual return

-15.40%

-26.81 pp from 2021

Benchmarks

See 19,709 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,709 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.86M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

114

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.

90.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$502K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$309

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER2 years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$26,723
UBS FINANCIAL SERVICES INC2 years Filed as: UBS FINANCIAL SERVICES, INC. Service code 15 · EIN 13-2638166	Recordkeeping	$11,763

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$38K

$550 / participant

Other / not subdivided$38K100.0%

% of EOY assets

0.805%

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: BENEFIT AUDIT GROUP, LLC
Auditor EIN: 262404897
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,463

$73,839-41.1%

$143,788-69.8%

$68,495-36.5%

Participation rate

100.0%

66.7%+33.3pp

80.3%+19.7pp

67.9%+32.1pp

Annual return

-15.40%

1.01%-16.4pp

-0.03%-15.4pp

-7.84%-7.6pp

Employer contribution / active EE

$2,634

$3,184-17.3%

$4,952-46.8%

$2,596+1.4%

Participant deferral / active EE

$3,750

$3,384+10.8%

$5,638-33.5%

$4,028-6.9%

Admin fee / account holder

$350

$5,755-93.9%

$14,675-97.6%

$5,403-93.5%

Provider

Service type

Compensation

ADP BROKER-DEALER2 years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$26,723

UBS FINANCIAL SERVICES INC2 years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 15 · EIN 13-2638166

Recordkeeping

$11,763

ORTHOPAEDIC ASSOCIATES, P.A. CASH OR DEFERRED PROFIT SHARING

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORTHOPAEDIC ASSOCIATES, P.A. CASH OR DEFERRED PROFIT SHARING

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