Retirement plan

CAROLINAS PATHOLOGY GROUP P.A. PROFIT SHARING PLAN

Name: CAROLINAS PATHOLOGY GROUP P.A. - CAROLINAS PATHOLOGY GROUP P.A. PROFIT SHARING PLAN (2016) Form 5500
Creator: CAROLINAS PATHOLOGY GROUP P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CAROLINAS PATHOLOGY GROUP P.A. PROFIT SHARING PLAN, CAROLINAS PATHOLOGY GROUP P.A.

CAROLINAS PATHOLOGY GROUP P.A.EIN 56-0986500Plan #001PY 2016

8720 RED OAK BLVD, SUITE 301 - CHARLOTTE, NC 28217704-973-2493

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$27.4M

-3.5% from 2015

Total participants

167

+3.7% from 2015

Average account balance

$168,030

-7.0% from 2015

Annual return

-1.17%

-3.89 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

$49.10M

Not enough data

1 years with asset history on file

Average account balance

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

$296K

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.

166

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

$1.62M

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

+14.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1163

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
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB Service code 27 24723 E. LINCOLN DRIVE · PHOENIX, AZ 85016	Advisory (Plan)	$32,522
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY Service code 27 6805 MORRISON BLVD. SUITE 400 · CHARLOTTE, NC 28211	Advisory (Plan)	$23,671
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO Service code 27 401 S. TRYON STREET 2ND FLOOR · CHARLOTTE, NC 28202	Advisory (Plan)	$18,074
TD AMERITRADE, INC.1 year Filed as: TD AMERITRADE Service code 27 P.O. BOX 2226 · OMAHA, NE 681032226	Advisory (Plan)	$16,279
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH Service code 27 8015 W. KENTON CIRCLE SUITE 200 · HUNTERSVILLE, NC 28078	Advisory (Plan)	$8,813
POWELL FINANCIAL, INC.1 year Filed as: POWELL FINANCIAL Service code 27 4725 PIEDMONT ROW DRIVE SUITE 510 · CHARLOTTE, NC 28210	Advisory (Plan)	$8,271
PROVIDENCE CAPITAL ADVISORS1 year Filed as: PROVIDENCE Service code 27 4500 CAMERON VALLEY PARKWAY · CHARLOTTE, NC 28211	Advisory (Plan)	$5,074
MATRIX TRUST COMPANY2+ years Filed as: MG TRUST CO. DBA MATRIX TRUST CO. Service code 18 · EIN 75-3182674	Finders' fees / placement fees; Inves...	$1,084

Plan features & details

Pension benefit codes2E2F2G2J2T2R3D3H

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.
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.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$135K

$1177 / participant

Investment mgmt$124K91.8%
Other / not subdivided$11K8.2%

% of EOY assets

0.494%

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: CLIFTON LARSON ALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$168,030

$46,732+259.6%

$156,551+7.3%

$55,167+204.6%

Participation rate

96.5%

65.8%+30.7pp

84.0%+12.5pp

69.0%+27.5pp

Annual return

-1.17%

17.72%-18.9pp

32.23%-33.4pp

169.23%-170.4pp

Employer contribution / active EE

$8,556

$2,105+306.5%

$5,501+55.5%

$1,963+336.0%

Participant deferral / active EE

$5,721

$2,204+159.5%

$4,871+17.4%

$3,054+87.3%

Admin fee / account holder

$830

$418+98.5%

$13,028-93.6%

$504+64.8%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB

Service code 27

24723 E. LINCOLN DRIVE · PHOENIX, AZ 85016

Advisory (Plan)

$32,522

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY

Service code 27

6805 MORRISON BLVD. SUITE 400 · CHARLOTTE, NC 28211

Advisory (Plan)

$23,671

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO

Service code 27

401 S. TRYON STREET 2ND FLOOR · CHARLOTTE, NC 28202

Advisory (Plan)

$18,074

TD AMERITRADE, INC.1 year

Filed as: TD AMERITRADE

Service code 27

P.O. BOX 2226 · OMAHA, NE 681032226

Advisory (Plan)

$16,279

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH

Service code 27

8015 W. KENTON CIRCLE SUITE 200 · HUNTERSVILLE, NC 28078

Advisory (Plan)

$8,813

POWELL FINANCIAL, INC.1 year

Filed as: POWELL FINANCIAL

Service code 27

4725 PIEDMONT ROW DRIVE SUITE 510 · CHARLOTTE, NC 28210

Advisory (Plan)

$8,271

PROVIDENCE CAPITAL ADVISORS1 year

Filed as: PROVIDENCE

Service code 27

4500 CAMERON VALLEY PARKWAY · CHARLOTTE, NC 28211

Advisory (Plan)

$5,074

MATRIX TRUST COMPANY2+ years

Filed as: MG TRUST CO. DBA MATRIX TRUST CO.

Service code 18 · EIN 75-3182674

Finders' fees / placement fees; Inves...

$1,084

CAROLINAS PATHOLOGY GROUP P.A. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CAROLINAS PATHOLOGY GROUP P.A. 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