Retirement plan

ORTHOPAEDICS EAST & SPORTS MEDICINE CENTER, INC. PROFIT SHARING PLAN

Name: ORTHOPAEDICS EAST & SPORTS MEDICINE CENTER, INC. - ORTHOPAEDICS EAST & SPORTS MEDICINE CENTER, INC. PROFIT SHARING PLAN (2016) Form 5500
Creator: ORTHOPAEDICS EAST & SPORTS MEDICINE CENTER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORTHOPAEDICS EAST & SPORTS MEDICINE CENTER, INC. PROFIT SHARING PLAN, ORTHOPAEDICS EAST & SPORTS MEDICINE CENTER, INC.

ORTHOPAEDICS EAST & SPORTS MEDICINE CENTER, INC.EIN 56-2107544Plan #001PY 2016

810 W. H. SMITH BOULEVARD - GREENVILLE, NC 27834252-757-2663orthoeast.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$12.1M

+4.2% from 2015

Total participants

100

+6.4% from 2015

Average account balance

$121,279

-4.1% from 2015

Annual return

5.52%

+22.83 pp from 2015

Benchmarks

See 17,769 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,769 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.89M

Not enough data

1 years with asset history on file

Average account balance

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

$224K

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.

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.

65.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$508K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8862

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
SAPERE WEALTH MANAGEMENT, LLC2+ years Service code 51 · EIN 75-3034557 130 MATTHEWS STATION STREET, STE.2A · MATTHEWS, NC 28105	Investment Mgmt Fees	$102,072
BARROW, PARRIS & DAVENPORT, PA2+ years Service code 10 · EIN 20-3919567 P.O. BOX 6069 · KINSTON, NC 285010069	Accounting	$6,850

Plan features & details

Pension benefit codes2A2E2G3D

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.
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.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$109K

$1345 / participant

Investment mgmt$102K93.7%
Other / not subdivided$7K6.3%

% of EOY assets

0.898%

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: BARROW, PARRIS & DAVENPORT, PA
Auditor EIN: 203919567
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$121,279

$77,638+56.2%

$156,551-22.5%

$62,881+92.9%

Participation rate

100.0%

71.2%+28.8pp

84.0%+16.0pp

69.3%+30.7pp

Annual return

5.52%

50.33%-44.8pp

32.23%-26.7pp

20.14%-14.6pp

Employer contribution / active EE

$8,802

$3,444+155.6%

$5,501+60.0%

$2,281+285.9%

Participant deferral / active EE

$3,046-100.0%

$4,871-100.0%

$3,203-100.0%

Admin fee / account holder

$1,089

$5,561-80.4%

$13,028-91.6%

$4,296-74.6%

Provider

Service type

Compensation

SAPERE WEALTH MANAGEMENT, LLC2+ years

Service code 51 · EIN 75-3034557

130 MATTHEWS STATION STREET, STE.2A · MATTHEWS, NC 28105

Investment Mgmt Fees

$102,072

BARROW, PARRIS & DAVENPORT, PA2+ years

Service code 10 · EIN 20-3919567

P.O. BOX 6069 · KINSTON, NC 285010069

Accounting

$6,850

ORTHOPAEDICS EAST & SPORTS MEDICINE CENTER, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORTHOPAEDICS EAST & SPORTS MEDICINE CENTER, INC. 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