Retirement plan

ATLANTIC ANESTHESIA, INC. PROFIT SHARING PLAN

Name: ATLANTIC ANESTHESIA, INC. - ATLANTIC ANESTHESIA, INC. PROFIT SHARING PLAN (2016) Form 5500
Creator: ATLANTIC ANESTHESIA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ATLANTIC ANESTHESIA, INC. PROFIT SHARING PLAN, ATLANTIC ANESTHESIA, INC.

ATLANTIC ANESTHESIA, INC.EIN 54-1855514Plan #004PY 2016

134 BUSINESS PARK DRIVE - VIRGINIA BEACH, VA 234626523757-473-0055atlanticanesthesia.comLinkedIn51-200 employeeshospital & health care

Other plans on this EIN

1 filing

#003Retirement-$34.4M assets

Prospect flagsHigh feesHigh cashHigh assets / participant

How to read this page

Total assets (EOY)

$68.8M

+10.3% from 2015

Total participants

173

+4.2% from 2015

Average account balance

$397,443

+5.9% from 2015

Annual return

8.26%

+9.07 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

$50.03M

Not enough data

1 years with asset history on file

Average account balance

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

$319K

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.

157

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

$1.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+8.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1060

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 5 by compensation

Provider	Service type	Compensation
DARRELL & KING INVESTMENT COUNSELOR2+ years Service code 28 · EIN 26-3820649	Investment Management	$118,097
PALLADIUM PARTNERS2+ years Service code 28 · EIN 26-0728851	Investment Management	$51,760
VIRGINIA GLOBAL ASSET MANAGEMENT2+ years Service code 28 · EIN 14-1983635	Investment Management	$13,223
DAVIDSON & GARRARD2+ years Service code 28 · EIN 54-1372516	Investment Management	$7,758
FINANCIAL SECURITY ADVISORY, INC.2+ years Service code 28 · EIN 54-1832175	Investment Management	$7,441

Plan features & details

Pension benefit codes2A2E2G2R3D

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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$202K

$1355 / participant

Investment mgmt$202K100.0%

% of EOY assets

0.294%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ROBB SCOTT BRADSHAW & RAWLS, PC
Auditor EIN: 461550694
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$397,443

$46,732+750.5%

$156,551+153.9%

$55,167+620.4%

Participation rate

100.0%

65.8%+34.2pp

84.0%+16.0pp

69.0%+31.0pp

Annual return

8.26%

17.72%-9.5pp

32.23%-24.0pp

169.23%-161.0pp

Employer contribution / active EE

$10,946

$2,105+420.0%

$5,501+99.0%

$1,963+457.7%

Participant deferral / active EE

$2,204-100.0%

$4,871-100.0%

$3,054-100.0%

Admin fee / account holder

$1,167

$418+178.9%

$13,028-91.0%

$504+131.6%

Provider

Service type

Compensation

DARRELL & KING INVESTMENT COUNSELOR2+ years

Service code 28 · EIN 26-3820649

Investment Management

$118,097

PALLADIUM PARTNERS2+ years

Service code 28 · EIN 26-0728851

Investment Management

$51,760

VIRGINIA GLOBAL ASSET MANAGEMENT2+ years

Service code 28 · EIN 14-1983635

Investment Management

$13,223

DAVIDSON & GARRARD2+ years

Service code 28 · EIN 54-1372516

Investment Management

$7,758

FINANCIAL SECURITY ADVISORY, INC.2+ years

Service code 28 · EIN 54-1832175

Investment Management

$7,441

ATLANTIC ANESTHESIA, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ATLANTIC ANESTHESIA, INC. 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