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 (2017) 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 2017

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$20M

+24.3% from 2016

Total participants

154

+1.3% from 2016

Average account balance

$129,690

+22.7% from 2016

Annual return

16.85%

+10.14 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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 BARNEY3+ years Filed as: MORGAN STANLEY Service code 27 · EIN 36-3145972 1585 BROADWAY · NEW YORK, NY 10036	Advisory (Plan)	$30,732
MERRILL LYNCH PIERCE FENNER & SMITH3+ years Filed as: MERRILL LYNCH Service code 27 · EIN 13-5674085 220 VESEY STREET · NEW YORK, NY 10281	Advisory (Plan)	$11,405
BRINKER CAPITAL3+ years Service code 27 · EIN 22-2799756 1055 WESTLAKES DRIVE · BERWYN, PA 19312	Advisory (Plan)	$10,838
UBS FINANCIAL SERVICES INC3+ years Filed as: UBS Service code 27 · EIN 13-2638166 1251 AVENUE OF AMERICAS · NEW YORK, NY 10020	Advisory (Plan)	$9,755
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO Service code 27 · EIN 94-1347393 420 MONTGOMERY STREET · SAN FRANCISCO, CA 94104	Advisory (Plan)	$6,752
RBC GLOBAL ASSET MANAGEMENT1 year Filed as: CITY NATIONAL ROCHDALE, LLC Service code 27 400 PARK AVENUE, 10TH FLOOR · NEW YORK, NY 10022	Advisory (Plan)	$6,150

Plan features & details

Pension benefit codes2A2E2G2J3D2R2T

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$88K

$762 / participant

Investment mgmt$81K93.0%
Contract admin$6K7.0%

% of EOY assets

0.439%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$129,690

$55,453+133.9%

$170,435-23.9%

$62,293+108.2%

Participation rate

100.0%

66.4%+33.6pp

83.6%+16.4pp

69.5%+30.5pp

Annual return

16.85%

21.38%-4.5pp

205.94%-189.1pp

28.90%-12.0pp

Employer contribution / active EE

$8,324

$2,164+284.7%

$5,432+53.2%

$2,042+307.6%

Participant deferral / active EE

$5,596

$2,303+143.0%

$4,939+13.3%

$3,169+76.6%

Admin fee / account holder

$569

$455+25.0%

$13,881-95.9%

$479+18.7%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY3+ years

Filed as: MORGAN STANLEY

Service code 27 · EIN 36-3145972

1585 BROADWAY · NEW YORK, NY 10036

Advisory (Plan)

$30,732

MERRILL LYNCH PIERCE FENNER & SMITH3+ years

Filed as: MERRILL LYNCH

Service code 27 · EIN 13-5674085

220 VESEY STREET · NEW YORK, NY 10281

Advisory (Plan)

$11,405

BRINKER CAPITAL3+ years

Service code 27 · EIN 22-2799756

1055 WESTLAKES DRIVE · BERWYN, PA 19312

Advisory (Plan)

$10,838

UBS FINANCIAL SERVICES INC3+ years

Filed as: UBS

Service code 27 · EIN 13-2638166

1251 AVENUE OF AMERICAS · NEW YORK, NY 10020

Advisory (Plan)

$9,755

WELLS FARGO BANK, N.A.3+ years

Filed as: WELLS FARGO

Service code 27 · EIN 94-1347393

420 MONTGOMERY STREET · SAN FRANCISCO, CA 94104

Advisory (Plan)

$6,752

RBC GLOBAL ASSET MANAGEMENT1 year

Filed as: CITY NATIONAL ROCHDALE, LLC

Service code 27

400 PARK AVENUE, 10TH FLOOR · NEW YORK, NY 10022

Advisory (Plan)

$6,150

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