Retirement plan

SOUTHEAST ORTHOPEDIC SPECIALISTS 401(K) PLAN AND TRUST

Name: SOUTHEAST ORTHOPEDIC SPECIALISTS, INC. - SOUTHEAST ORTHOPEDIC SPECIALISTS 401(K) PLAN AND TRUST (2020) Form 5500
Creator: SOUTHEAST ORTHOPEDIC SPECIALISTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHEAST ORTHOPEDIC SPECIALISTS 401(K) PLAN AND TRUST, SOUTHEAST ORTHOPEDIC SPECIALISTS, INC.

SOUTHEAST ORTHOPEDIC SPECIALISTS, INC.EIN 59-3696338Plan #002PY 2020

6800 SOUTHPOINT PARKWAY, SUITE 300 - JACKSONVILLE, FL 32216904-634-0640se-ortho.comLinkedIn501-1000 employeesmedical practice

Prospect flagsFailed to transmit contributionsWind-down / frozen

How to read this page

Total assets (EOY)

$14.7M

+16.5% from 2019

Total participants

567

-8.0% from 2019

Average account balance

$26,386

+24.0% from 2019

Annual return

14.97%

-6.57 pp from 2019

Benchmarks

See 18,628 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,628 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.40M

Not enough data

1 years with asset history on file

Average account balance

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

$128K

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.

198

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.

80.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.06M

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

+14.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$32

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
INDEPENDENT FINANCIAL PARTNERS6+ years Service code 99 · EIN 59-3331424 3030 NORTH ROCKY POINT DR. WEST · TAMPA, FL 33607	Other Fees	$25,152

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$32K

$398 / participant

Investment mgmt$25K78.1%
Contract admin$4K11.0%
Other / not subdivided$4K10.9%

% of EOY assets

0.219%

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: ASSURANCE DIMENSIONS
Auditor EIN: 263429295
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,386

$91,198-71.1%

$178,503-85.2%

$79,856-67.0%

Participation rate

87.7%

69.2%+18.4pp

81.9%+5.7pp

69.6%+18.0pp

Annual return

14.97%

24.20%-9.2pp

151.12%-136.1pp

31.71%-16.7pp

Employer contribution / active EE

$4,053

$3,257+24.4%

$5,011-19.1%

$2,471+64.0%

Participant deferral / active EE

$8,395

$3,237+159.4%

$5,202+61.4%

$3,741+124.4%

Admin fee / account holder

$58

$6,748-99.1%

$13,987-99.6%

$5,306-98.9%

Provider

Service type

Compensation

INDEPENDENT FINANCIAL PARTNERS6+ years

Service code 99 · EIN 59-3331424

3030 NORTH ROCKY POINT DR. WEST · TAMPA, FL 33607

Other Fees

$25,152

SOUTHEAST ORTHOPEDIC SPECIALISTS 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHEAST ORTHOPEDIC SPECIALISTS 401(K) PLAN AND TRUST

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