Retirement plan

EMERGENCY PHYSICIANS OF TIDEWATER, PLC 401(K) & PROFIT SHARING PLAN

Name: EMERGENCY PHYSICIANS OF TIDEWATER, P.L.C. - EMERGENCY PHYSICIANS OF TIDEWATER, PLC 401(K) & PROFIT SHARING PLAN (2016) Form 5500
Creator: EMERGENCY PHYSICIANS OF TIDEWATER, P.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMERGENCY PHYSICIANS OF TIDEWATER, PLC 401(K) & PROFIT SHARING PLAN, EMERGENCY PHYSICIANS OF TIDEWATER, P.L.C.

EMERGENCY PHYSICIANS OF TIDEWATER, P.L.C.EIN 54-1141362Plan #004PY 2016

4092 FOXWOOD DRIVE, SUITE 101 - VIRGINIA BEACH, VA 23462757-467-4200ept911.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$53.9M

+18.4% from 2015

Total participants

222

+8.3% from 2015

Average account balance

$302,590

+11.8% from 2015

Annual return

9.85%

+12.41 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$140.74M

Not enough data

1 years with asset history on file

Average account balance

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

$531K

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.

265

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.

85.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$33K

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

+15.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$733

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
WILBANKS, SMITH & THOMAS ASSET MGMT2+ years Filed as: WILBANKS SMITH & THOMAS ASSET MGT Service code 28 · EIN 54-2005153	Investment Management	$104,267
FINANCIAL SECURITY ADVISORY, INC.2+ years Service code 26 · EIN 54-1832175	Advisory (Participants)	$29,937
LMCG INVESTMENTS LLC2+ years Service code 26 · EIN 27-0282607	Advisory (Participants)	$12,718
CHARLES SCHWAB & CO., INC.2+ years Service code 33 · EIN 94-1737782	Securities brokerage commissions and ...	$10,952
LWI FINANCIAL INC1 year Service code 26 · EIN 95-4699121	Advisory (Participants)	$10,660
CHARLES SCHWAB & CO., INC.2+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$300
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO INC AND AFFILIA Service code 59	Shareholder Servicing	$0
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009	Directed Trustee	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R3B3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 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).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$160K

$793 / participant

Investment mgmt$160K99.8%
Other / not subdivided$3000.2%

% of EOY assets

0.297%

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: ZUKERMAN & ASSOCIATES, LTD.
Auditor EIN: 541244551
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$302,590

$46,732+547.5%

$156,551+93.3%

$55,167+448.5%

Participation rate

78.2%

65.8%+12.4pp

84.0%-5.8pp

69.0%+9.2pp

Annual return

9.85%

17.72%-7.9pp

32.23%-22.4pp

169.23%-159.4pp

Employer contribution / active EE

$14,383

$2,105+583.2%

$5,501+161.4%

$1,963+632.8%

Participant deferral / active EE

$7,782

$2,204+253.1%

$4,871+59.8%

$3,054+154.8%

Admin fee / account holder

$900

$418+115.1%

$13,028-93.1%

$504+78.6%

Provider

Service type

Compensation

WILBANKS, SMITH & THOMAS ASSET MGMT2+ years

Filed as: WILBANKS SMITH & THOMAS ASSET MGT

Service code 28 · EIN 54-2005153

Investment Management

$104,267

FINANCIAL SECURITY ADVISORY, INC.2+ years

Service code 26 · EIN 54-1832175

Advisory (Participants)

$29,937

LMCG INVESTMENTS LLC2+ years

Service code 26 · EIN 27-0282607

Advisory (Participants)

$12,718

CHARLES SCHWAB & CO., INC.2+ years

Service code 33 · EIN 94-1737782

Securities brokerage commissions and ...

$10,952

LWI FINANCIAL INC1 year

Service code 26 · EIN 95-4699121

Advisory (Participants)

$10,660

CHARLES SCHWAB & CO., INC.2+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$300

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO INC AND AFFILIA

Service code 59

Shareholder Servicing

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB BANK

Service code 25 · EIN 42-1558009

Directed Trustee

EMERGENCY PHYSICIANS OF TIDEWATER, PLC 401(K) & PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMERGENCY PHYSICIANS OF TIDEWATER, PLC 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