Retirement plan

CHILDREN'S MEDICAL GROUP, P. C. 401(K) PROFIT SHARING PLAN

Name: CHILDREN'S MEDICAL GROUP, P.C. - CHILDREN'S MEDICAL GROUP, P. C. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: CHILDREN'S MEDICAL GROUP, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHILDREN'S MEDICAL GROUP, P. C. 401(K) PROFIT SHARING PLAN, CHILDREN'S MEDICAL GROUP, P.C.

CHILDREN'S MEDICAL GROUP, P.C.EIN 58-1085890Plan #002PY 2023

1875 CENTURY BLVD. SUITE 150 - ATLANTA, GA 303453323404-633-4595cmg-pc.comLinkedIn51-200 employeesmedical practice

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed December 2, 2024

Plan administrator

Plan administrator name— Sign in and upgrade to view

1875 Century Blvd., Suite 150

Atlanta, GA 30345

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Plans declared (1)

Children’s Medical Group Non-Qualified Plan6 emp

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Total assets (EOY)

$29.1M

+18.5% from 2022

Total participants

183

+11.6% from 2022

Average account balance

$173,964

-19.1% from 2022

Annual return

18.77%

+34.72 pp from 2022

Benchmarks

See 5,719 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,719 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$34.23M

Not enough data

1 years with asset history on file

Average account balance

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

$169K

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.

203

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.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.67M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+14.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$810

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Filed as: ENVESTNET ASSET MANAGEMENT INC Service code 27 · EIN 36-4319587	Advisory (Plan)	$26,681
MILLIMAN, INC.1 year Service code 15 · EIN 91-0675641	Recordkeeping	$19,802
MERCER2 years Filed as: MERCER GLOBAL ADVISORS INC Service code 27 · EIN 74-3257877	Advisory (Plan)	$12,478
INVEST FINANCIAL CORPORATION1 year Filed as: INVEST. RESEARCH & ADVISORY GROUP Service code 26 · EIN 58-1989031	Advisory (Participants)	$7,500

Plan features & details

Pension benefit codes2A2E2F2G2J2R3D

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.
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.
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

$113K

$713 / participant

Recordkeeping$20K17.6%
Investment mgmt$84K74.8%
Other trustee fees$9K7.6%

% of EOY assets

0.388%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: RUBIO, CPA, P.C.
Auditor EIN: 582032697
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$173,964

$61,272+183.9%

$149,673+16.2%

$71,457+143.5%

Participation rate

89.9%

62.5%+27.4pp

78.8%+11.1pp

67.9%+22.0pp

Annual return

18.77%

35.85%-17.1pp

134.42%-115.6pp

28.85%-10.1pp

Employer contribution / active EE

$5,737

$2,378+141.2%

$4,818+19.1%

$2,588+121.7%

Participant deferral / active EE

$4,315

$2,917+47.9%

$5,680-24.0%

$4,289+0.6%

Admin fee / account holder

$674

$1,261-46.5%

$13,210-94.9%

$1,587-57.5%

Provider

Service type

Compensation

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Filed as: ENVESTNET ASSET MANAGEMENT INC

Service code 27 · EIN 36-4319587

Advisory (Plan)

$26,681

MILLIMAN, INC.1 year

Service code 15 · EIN 91-0675641

Recordkeeping

$19,802

MERCER2 years

Filed as: MERCER GLOBAL ADVISORS INC

Service code 27 · EIN 74-3257877

Advisory (Plan)

$12,478

INVEST FINANCIAL CORPORATION1 year

Filed as: INVEST. RESEARCH & ADVISORY GROUP

Service code 26 · EIN 58-1989031

Advisory (Participants)

$7,500

CHILDREN'S MEDICAL GROUP, P. C. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CHILDREN'S MEDICAL GROUP, P. C. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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