Retirement plan

PINEHURST MEDICAL CLINIC, INC. 401(K) PROFIT SHARING PLAN

Name: PINEHURST MEDICAL CLINIC, INC. - PINEHURST MEDICAL CLINIC, INC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: PINEHURST MEDICAL CLINIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PINEHURST MEDICAL CLINIC, INC. 401(K) PROFIT SHARING PLAN, PINEHURST MEDICAL CLINIC, INC.

PINEHURST MEDICAL CLINIC, INC.EIN 56-0942980Plan #001PY 2016

205 PAGE ROAD - PINEHURST, NC 28374910-295-9459pinehurstmedical.comLinkedIn501-1000 employeeshospital & health care

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed March 7, 1995 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$73.5M

+11.0% from 2015

Total participants

687

+67.2% from 2015

Average account balance

$129,548

-23.1% from 2015

Annual return

8.20%

+5.68 pp from 2015

Benchmarks

See 3,733 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,733 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$152.87M

Not enough data

1 years with asset history on file

Average account balance

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

$127K

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.

1,200

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.98M

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

+13.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$163

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 8 by compensation

Provider	Service type	Compensation
FIRST CITIZENS BANK & TRUST COMPANY1 year Filed as: FIRST CITIZENS BANK & TRUST Service code 26 4300 SIX FORKS RD · RALEIGH, NC 27609	Advisory (Participants)	$35,002
E CRAIG YOUNG2+ years Filed as: CRAIG STOKES Service code 26 10564 H US HWY 15/501 · SOUTHERN PINES, NC 28387	Advisory (Participants)	$20,758
GEORGE JOHNSON & COMPANY2+ years Filed as: GEORGE OSCHMANN Service code 26 7011 FAYETTEVILLE ROAD · DURHAM, NC 277139945	Advisory (Participants)	$20,343
STEPHEN HORN INSURANCE SERVICES2+ years Filed as: STEPHEN L. THOMAS Service code 26 5955 CARNEGIE BLVD · CHARLOTTE, NC 28209	Advisory (Participants)	$15,086
MILLSTON ADVISORY PARTNERS1 year Service code 26 103 BRADFORD VILLAGE COURT · SOUTHERN PINES, NC 28387	Advisory (Participants)	$13,156
THE VANGUARD GROUP, INC.1 year Filed as: THE VANGUARD GROUP, INC Service code 26 · EIN 23-1945930	Advisory (Participants)	$10,095
HS DREHER CAPITAL MGMT2+ years Filed as: HS DREHER CAPITAL MANAGEMENT Service code 26 275 SE BROAD ST · SOUTHERN PINES, NC 283876106	Advisory (Participants)	$7,653
QRPS, INC.1 year Filed as: QRPS, INC Service code 26 2724 DISCOVERY DRIVE · RALEIGH, NC 27616	Advisory (Participants)	$5,300

Plan features & details

Pension benefit codes2E2F2H2J2K2R2T3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$159K

$272 / participant

Investment mgmt$116K73.1%
Contract admin$43K26.9%

% of EOY assets

0.217%

all-in expense ratio

Categories reported

2 / 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: DIXON HUGHES GOODMAN, LLP
Auditor EIN: 560747981
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$129,548

$36,916+250.9%

$156,551-17.2%

$57,658+124.7%

Participation rate

79.5%

63.4%+16.1pp

84.0%-4.5pp

70.2%+9.3pp

Annual return

8.20%

12.38%-4.2pp

32.23%-24.0pp

5.13%+3.1pp

Employer contribution / active EE

$4,010

$1,571+155.3%

$5,501-27.1%

$1,974+103.2%

Participant deferral / active EE

$3,584

$1,926+86.1%

$4,871-26.4%

$3,061+17.1%

Admin fee / account holder

$281

$82+240.2%

$13,028-97.8%

$95+196.8%

Provider

Service type

Compensation

FIRST CITIZENS BANK & TRUST COMPANY1 year

Filed as: FIRST CITIZENS BANK & TRUST

Service code 26

4300 SIX FORKS RD · RALEIGH, NC 27609

Advisory (Participants)

$35,002

E CRAIG YOUNG2+ years

Filed as: CRAIG STOKES

Service code 26

10564 H US HWY 15/501 · SOUTHERN PINES, NC 28387

Advisory (Participants)

$20,758

GEORGE JOHNSON & COMPANY2+ years

Filed as: GEORGE OSCHMANN

Service code 26

7011 FAYETTEVILLE ROAD · DURHAM, NC 277139945

Advisory (Participants)

$20,343

STEPHEN HORN INSURANCE SERVICES2+ years

Filed as: STEPHEN L. THOMAS

Service code 26

5955 CARNEGIE BLVD · CHARLOTTE, NC 28209

Advisory (Participants)

$15,086

MILLSTON ADVISORY PARTNERS1 year

Service code 26

103 BRADFORD VILLAGE COURT · SOUTHERN PINES, NC 28387

Advisory (Participants)

$13,156

THE VANGUARD GROUP, INC.1 year

Filed as: THE VANGUARD GROUP, INC

Service code 26 · EIN 23-1945930

Advisory (Participants)

$10,095

HS DREHER CAPITAL MGMT2+ years

Filed as: HS DREHER CAPITAL MANAGEMENT

Service code 26

275 SE BROAD ST · SOUTHERN PINES, NC 283876106

Advisory (Participants)

$7,653

QRPS, INC.1 year

Filed as: QRPS, INC

Service code 26

2724 DISCOVERY DRIVE · RALEIGH, NC 27616

Advisory (Participants)

$5,300

PINEHURST MEDICAL CLINIC, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PINEHURST MEDICAL CLINIC, INC. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

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