Retirement plan

MEDICAL ANESTHESIA GROUP, P.A. PROFIT SHARING PLAN

Name: MEDICAL ANESTHESIA GROUP, P.A. - MEDICAL ANESTHESIA GROUP, P.A. PROFIT SHARING PLAN (2017) Form 5500
Creator: MEDICAL ANESTHESIA GROUP, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDICAL ANESTHESIA GROUP, P.A. PROFIT SHARING PLAN, MEDICAL ANESTHESIA GROUP, P.A.

MEDICAL ANESTHESIA GROUP, P.A.EIN 62-0815135Plan #001PY 2017

6060 PRIMACY PARKWAY, STE 241 - MEMPHIS, TN 38119901-725-5846LinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$91M

+16.9% from 2016

Total participants

162

+4.5% from 2016

Average account balance

$561,700

+11.9% from 2016

Annual return

13.52%

+6.27 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

$110.85M

Not enough data

1 years with asset history on file

Average account balance

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

$754K

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.

147

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.

94.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$31K

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

+14.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5965

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 7 by compensation

Provider	Service type	Compensation
MERIDIAN TRUST & INVESTMENT COMPANY3+ years Service code 10 · EIN 62-1700796	Accounting	$230,009
EPIC RETIREMENT PLAN SERVICES2 years Filed as: EPIC ADVISORS, INC. Service code 12 · EIN 16-1450952	Recordkeeping fees; Direct payment fr...	$16,295
STIFEL NICOLAUS & CO INC2 years Filed as: STIFEL, NICOLAUS & COMPANY, INC. Service code 26 3549 BLUECUTT ROAD · COLUMBUS, MS 39705	Advisory (Participants)	$14,706
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB TRUST COMPANY Service code 12 · EIN 42-1558009	Distribution (12b-1) fees; Custodial ...	$7,472
GOLDMAN SACHS3+ years Filed as: UNITED CAPITAL FINANCIAL ADVISORS Service code 26 · EIN 27-0493248	Advisory (Participants)	$7,411
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES & ASSOCIATES, INC. Service code 26 JOHN BARNES, BARNES EAST GROUP · LITTLE ROCK, AR 722231708	Advisory (Participants)	$5,193
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO., INC Service code 19 · EIN 94-1737782	Securities Custodian	$1,685

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D2K

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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$273K

$2024 / participant

Investment mgmt$257K94.0%
Contract admin$16K6.0%

% of EOY assets

0.300%

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: PUGH CPAS
Auditor EIN: 621142155
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$561,700

$55,453+912.9%

$170,439+229.6%

$62,293+801.7%

Participation rate

100.0%

66.4%+33.6pp

83.6%+16.4pp

69.5%+30.5pp

Annual return

13.52%

21.38%-7.9pp

205.94%-192.4pp

28.90%-15.4pp

Employer contribution / active EE

$21,406

$2,164+889.3%

$5,433+294.0%

$2,042+948.2%

Participant deferral / active EE

$12,894

$2,303+460.0%

$4,939+161.0%

$3,169+306.9%

Admin fee / account holder

$1,687

$455+270.7%

$13,881-87.8%

$479+251.9%

Provider

Service type

Compensation

MERIDIAN TRUST & INVESTMENT COMPANY3+ years

Service code 10 · EIN 62-1700796

Accounting

$230,009

EPIC RETIREMENT PLAN SERVICES2 years

Filed as: EPIC ADVISORS, INC.

Service code 12 · EIN 16-1450952

Recordkeeping fees; Direct payment fr...

$16,295

STIFEL NICOLAUS & CO INC2 years

Filed as: STIFEL, NICOLAUS & COMPANY, INC.

Service code 26

3549 BLUECUTT ROAD · COLUMBUS, MS 39705

Advisory (Participants)

$14,706

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB TRUST COMPANY

Service code 12 · EIN 42-1558009

Distribution (12b-1) fees; Custodial ...

$7,472

GOLDMAN SACHS3+ years

Filed as: UNITED CAPITAL FINANCIAL ADVISORS

Service code 26 · EIN 27-0493248

Advisory (Participants)

$7,411

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES & ASSOCIATES, INC.

Service code 26

JOHN BARNES, BARNES EAST GROUP · LITTLE ROCK, AR 722231708

Advisory (Participants)

$5,193

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & CO., INC

Service code 19 · EIN 94-1737782

Securities Custodian

$1,685

MEDICAL ANESTHESIA GROUP, P.A. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDICAL ANESTHESIA GROUP, P.A. 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