Retirement plan

CHARLOTTE GASTROENTEROLOGY & HEPATOLOGY, P.L.L.C. PROFIT SHARING PLAN

Name: CHARLOTTE GASTROENTEROLOGY & HEPATOLOGY, PLLC - CHARLOTTE GASTROENTEROLOGY & HEPATOLOGY, P.L.L.C. PROFIT SHARING PLAN (2016) Form 5500
Creator: CHARLOTTE GASTROENTEROLOGY & HEPATOLOGY, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHARLOTTE GASTROENTEROLOGY & HEPATOLOGY, P.L.L.C. PROFIT SHARING PLAN, CHARLOTTE GASTROENTEROLOGY & HEPATOLOGY, PLLC

CHARLOTTE GASTROENTEROLOGY & HEPATOLOGY, PLLCEIN 56-2059693Plan #001PY 2016

2015 RANDOLPH RD., SUITE 208 - CHARLOTTE, NC 28207704-377-4009charlottegastro.comLinkedIn201-500 employeeshospital & health care

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$16.1M

+4.9% from 2015

Total participants

152

+10.9% from 2015

Average account balance

$105,731

-5.5% from 2015

Annual return

6.71%

+8.17 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

$38.29M

Not enough data

1 years with asset history on file

Average account balance

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

$182K

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.

210

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

$2.40M

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

+13.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$639

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 6 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY2+ years Filed as: MORGAN STANLEY Service code 27 · EIN 36-3145972 1585 BROADWAY · NEW YORK, NY 10036	Advisory (Plan)	$26,471
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO Service code 27 · EIN 94-1347393 420 MONTGOMERY STREET · SAN FRANCISCO, CA 94104	Advisory (Plan)	$16,715
BRINKER CAPITAL2+ years Service code 27 · EIN 22-2799756 1055 WESTLAKES DRIVE · BERWYN, PA 19312	Advisory (Plan)	$11,123
MERRILL LYNCH PIERCE FENNER & SMITH2+ years Filed as: MERRILL LYNCH Service code 27 · EIN 13-5674085 220 VESEY STREET · NEW YORK, NY 10281	Advisory (Plan)	$10,229
UBS FINANCIAL SERVICES INC2+ years Filed as: UBS Service code 27 · EIN 13-2638166 1251 AVENUE OF AMERICAS · NEW YORK, NY 10020	Advisory (Plan)	$9,671
RIM SECURITIES1 year Service code 27 400 PARK AVENUE · NEW YORK, NY 10022	Advisory (Plan)	$5,121

Plan features & details

Pension benefit codes2A2E2G2J3D2R

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.
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.
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.)
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

$84K

$812 / participant

Investment mgmt$84K100.0%

% of EOY assets

0.525%

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: ELLIOT DAVIS DECOSIMO, LLP
Auditor EIN: 570381582
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$105,731

$46,732+126.3%

$156,551-32.5%

$55,167+91.7%

Participation rate

100.0%

65.8%+34.2pp

84.0%+16.0pp

69.0%+31.0pp

Annual return

6.71%

17.72%-11.0pp

32.23%-25.5pp

169.23%-162.5pp

Employer contribution / active EE

$8,537

$2,105+305.5%

$5,501+55.2%

$1,963+335.0%

Participant deferral / active EE

$5,955

$2,204+170.1%

$4,871+22.2%

$3,054+95.0%

Admin fee / account holder

$555

$418+32.7%

$13,028-95.7%

$504+10.2%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2+ years

Filed as: MORGAN STANLEY

Service code 27 · EIN 36-3145972

1585 BROADWAY · NEW YORK, NY 10036

Advisory (Plan)

$26,471

WELLS FARGO BANK, N.A.2+ years

Filed as: WELLS FARGO

Service code 27 · EIN 94-1347393

420 MONTGOMERY STREET · SAN FRANCISCO, CA 94104

Advisory (Plan)

$16,715

BRINKER CAPITAL2+ years

Service code 27 · EIN 22-2799756

1055 WESTLAKES DRIVE · BERWYN, PA 19312

Advisory (Plan)

$11,123

MERRILL LYNCH PIERCE FENNER & SMITH2+ years

Filed as: MERRILL LYNCH

Service code 27 · EIN 13-5674085

220 VESEY STREET · NEW YORK, NY 10281

Advisory (Plan)

$10,229

UBS FINANCIAL SERVICES INC2+ years

Filed as: UBS

Service code 27 · EIN 13-2638166

1251 AVENUE OF AMERICAS · NEW YORK, NY 10020

Advisory (Plan)

$9,671

RIM SECURITIES1 year

Service code 27

400 PARK AVENUE · NEW YORK, NY 10022

Advisory (Plan)

$5,121

CHARLOTTE GASTROENTEROLOGY & HEPATOLOGY, P.L.L.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHARLOTTE GASTROENTEROLOGY & HEPATOLOGY, P.L.L.C. 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