Retirement plan

ORTHOCAROLINA 401(K)AND PROFIT SHARING PLAN

Name: ORTHOCAROLINA, P.A. - ORTHOCAROLINA 401(K)AND PROFIT SHARING PLAN (2023) Form 5500
Creator: ORTHOCAROLINA, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORTHOCAROLINA 401(K)AND PROFIT SHARING PLAN, ORTHOCAROLINA, P.A.

ORTHOCAROLINA, P.A.EIN 56-1093722Plan #001PY 2023

4601 PARK ROAD SUITE 250 - CHARLOTTE, NC 282093239704-323-2034orthocarolina.comLinkedIn1001-5000 employeesmedical practice

Other plans on this EIN

1 filing

#003Retirement-$31.2M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$330.4M

-49.9% from 2020

Total participants

2,711

-21.9% from 2020

Average account balance

$122,772

-37.4% from 2020

Annual return

17.64%

-17.33 pp from 2020

Benchmarks

See 1,405 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,405 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$363.76M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

2,724

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.

99.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+12.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$94

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 1 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.9+ years Filed as: VANGUARD GROUP INC Service code 15 · EIN 23-1945930	Recordkeeping	$237,848

Plan features & details

Pension benefit codes2E2F2G2J2K

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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$238K

$140 / participant

Recordkeeping$238K100.0%

% of EOY assets

0.072%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$122,772

$50,169+144.7%

$149,740-18.0%

$80,187+53.1%

Participation rate

98.8%

64.3%+34.5pp

78.8%+20.0pp

72.9%+25.9pp

Annual return

17.64%

29.82%-12.2pp

134.51%-116.9pp

40.40%-22.8pp

Employer contribution / active EE

$6,847

$1,869+266.3%

$4,821+42.0%

$2,980+129.8%

Participant deferral / active EE

$6,339

$3,194+98.4%

$5,683+11.5%

$5,016+26.4%

Admin fee / account holder

$88

$153-42.1%

$13,222-99.3%

$145-39.0%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.9+ years

Filed as: VANGUARD GROUP INC

Service code 15 · EIN 23-1945930

Recordkeeping

$237,848

ORTHOCAROLINA 401(K)AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORTHOCAROLINA 401(K)AND 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