Retirement plan

SOUTHEAST ORTHOPEDIC SPECIALISTS 401(K) PLAN AND TRUST

Name: SOUTHEAST ORTHOPEDIC SPECIALISTS, INC. - SOUTHEAST ORTHOPEDIC SPECIALISTS 401(K) PLAN AND TRUST (2021) 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 2021

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)

$17.4M

+18.5% from 2020

Total participants

567

0.0% from 2020

Average account balance

$31,044

+17.7% from 2020

Annual return

14.28%

-0.69 pp from 2020

Benchmarks

See 18,805 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,805 peers

Snapshot2021

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 3 by compensation

Provider	Service type	Compensation
INDEPENDENT FINANCIAL PARTNERS7+ years Service code 99 · EIN 59-3331424	Other Fees	$30,285
MORNINGSTAR1 year Filed as: MORNINGSTAR INVESTMENT MANAGEMENT Service code 26 · EIN 36-3297908	Advisory (Participants)	$2,662
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 26 · EIN 71-0294708	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$35K

$406 / participant

Investment mgmt$30K86.7%
Contract admin$5K13.3%

% of EOY assets

0.200%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,044

$95,406-67.5%

$185,849-83.3%

$85,847-63.8%

Participation rate

93.0%

68.8%+24.3pp

81.7%+11.3pp

69.3%+23.7pp

Annual return

14.28%

23.59%-9.3pp

122.10%-107.8pp

318.61%-304.3pp

Employer contribution / active EE

$10,480

$3,314+216.3%

$5,169+102.8%

$2,565+308.5%

Participant deferral / active EE

$10,340

$3,424+202.0%

$5,569+85.7%

$3,952+161.6%

Admin fee / account holder

$62

$7,214-99.1%

$16,244-99.6%

$6,261-99.0%

Provider

Service type

Compensation

INDEPENDENT FINANCIAL PARTNERS7+ years

Service code 99 · EIN 59-3331424

Other Fees

$30,285

MORNINGSTAR1 year

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT

Service code 26 · EIN 36-3297908

Advisory (Participants)

$2,662

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 26 · EIN 71-0294708

Advisory (Participants)

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