Retirement plan

RALEIGH ORTHOPAEDIC CLINIC, PA 401(K) PROFIT SHARING PLAN & TRUST

Name: RALEIGH ORTHOPAEDIC CLINIC, P.A. - RALEIGH ORTHOPAEDIC CLINIC, PA 401(K) PROFIT SHARING PLAN & TRUST (2015) Form 5500
Creator: RALEIGH ORTHOPAEDIC CLINIC, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RALEIGH ORTHOPAEDIC CLINIC, PA 401(K) PROFIT SHARING PLAN & TRUST, RALEIGH ORTHOPAEDIC CLINIC, P.A.

RALEIGH ORTHOPAEDIC CLINIC, P.A.EIN 56-0941814Plan #001PY 2015

3001 EDWARDS MILL ROAD, SUITE 200 - RALEIGH, NC 27612919-863-6801raleighortho.comLinkedIn201-500 employeesmedical practice

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$36.8M

No prior year

Total participants

304

No prior year

Average account balance

$121,745

No prior year

Annual return

-1.88%

No prior year

Benchmarks

See 3,168 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,168 peers

Snapshot2015

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$78.68M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

663

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.73M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+11.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$74

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 4 by compensation

Provider	Service type	Compensation
GORDON ASSET MANAGEMENT1+ years Filed as: GORDON ASSET MANAGEMENT LLC Service code 26 · EIN 42-1582751	Advisory (Participants)	$75,214
MVP PLAN ADMINISTRATORS, INC.1+ years Service code 13 · EIN 56-2263714	Contract Administrator	$28,264
WILLIAMS OVERMAN PIERCE, LLP1+ years Filed as: WILLIAMS OVERMAN PIERCE Service code 10 2501 ATRIUM DR, SUITE 500 · RALEIGH, NC 27607	Accounting	$9,000
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB Service code 19 · EIN 94-3106735	Securities Custodian	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2S2T3D

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$119K

$466 / participant

Investment mgmt$75K63.2%
Contract admin$28K23.8%
Other / not subdivided$15K12.9%

% of EOY assets

0.323%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WILLIAMS OVERMAN PIERCE
Auditor EIN: 561031342
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$121,745

$37,117+228.0%

$147,614-17.5%

$55,191+120.6%

Participation rate

99.2%

63.6%+35.6pp

84.6%+14.6pp

69.2%+30.1pp

Annual return

-1.88%

3.44%-5.3pp

61.98%-63.9pp

10.78%-12.7pp

Employer contribution / active EE

$5,417

$1,620+234.3%

$5,564-2.7%

$1,899+185.3%

Participant deferral / active EE

$4,932

$1,985+148.4%

$4,895+0.7%

$3,046+61.9%

Admin fee / account holder

$394

$86+360.2%

$11,611-96.6%

$91+333.8%

Provider

Service type

Compensation

GORDON ASSET MANAGEMENT1+ years

Filed as: GORDON ASSET MANAGEMENT LLC

Service code 26 · EIN 42-1582751

Advisory (Participants)

$75,214

MVP PLAN ADMINISTRATORS, INC.1+ years

Service code 13 · EIN 56-2263714

Contract Administrator

$28,264

WILLIAMS OVERMAN PIERCE, LLP1+ years

Filed as: WILLIAMS OVERMAN PIERCE

Service code 10

2501 ATRIUM DR, SUITE 500 · RALEIGH, NC 27607

Accounting

$9,000

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHARLES SCHWAB

Service code 19 · EIN 94-3106735

Securities Custodian

RALEIGH ORTHOPAEDIC CLINIC, PA 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RALEIGH ORTHOPAEDIC CLINIC, PA 401(K) PROFIT SHARING PLAN & TRUST

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