Retirement plan

ORTHOSOUTH 401(K) PROFIT SHARING PLAN

Name: MSK GROUP, PC DBA ORTHOSOUTH - ORTHOSOUTH 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: MSK GROUP, PC DBA ORTHOSOUTH
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORTHOSOUTH 401(K) PROFIT SHARING PLAN, MSK GROUP, PC DBA ORTHOSOUTH

MSK GROUP, PC DBA ORTHOSOUTHEIN 62-0819926Plan #001PY 2024

6077 PRIMACY PARKWAY, SUITE 140 - MEMPHIS, TN 38119901-259-1600

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$92.8M

+17.2% from 2023

Total participants

660

+40.7% from 2023

Average account balance

$181,662

+7.6% from 2023

Annual return

13.92%

-1.90 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$92.83M

Not enough data

1 years with asset history on file

Average account balance

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

$182K

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.

511

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.

71.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.91M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$718

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 10 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290 711 HIGH STREET · DES MOINES, IA 503920001	Contract Administrator	$141,673
RAYMOND JAMES FINANCIAL SERVICES5 years Service code 26 · EIN 56-1281193 880 CARILLON PARKWAY · ST. PETERSBURG, FL 33716	Advisory (Participants)	$84,161
DIVERSIFIED TRUST COMPANY5 years Filed as: DIVERSIFIED TRUST COMPANY, INC. Service code 26 · EIN 62-1554452 6075 POPLAR AVENUE · MEMPHIS, TN 38119	Advisory (Participants)	$47,412
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & COMPANY, INC. Service code 26 · EIN 94-1737782 211 MAIN STREET · SAN FRANCISCO, CA 94105	Advisory (Participants)	$34,311
JANNEY MONTGOMERY SCOTT LLC1 year Filed as: JANNEY MONTGOMERY SCOTT Service code 26	Advisory (Participants)	$20,106
UBS FINANCIAL SERVICES INC4 years Filed as: UBS FINANCIAL SERVICES, INC. Service code 26 · EIN 13-2638166 6070 POPLAR AVENUE · MEMPHIS, TN 381193901	Advisory (Participants)	$19,620
FTB ADVISORS, INC.7 years Service code 26 · EIN 62-0201385 165 MADISON · MEMPHIS, TN 38103	Advisory (Participants)	$19,409
BURLEIGH CONSULTING GROUP3 years Filed as: BURLEIGH CONSULTING GROUP, INC. Service code 49 · EIN 62-0842964 465 JACK KRAMER DR. · MEMPHIS, TN 38117	Other Services	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: J P MORGAN SECURITIES LLC Service code 26 · EIN 13-4110995 383 MADISON AVENUE · NEW YORK, NY 10179	Advisory (Participants)	$0
MORGAN STANLEY SMITH BARNEY2 years Filed as: J.P. MORGAN SECURITIES, LLC Service code 27	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R3D

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.
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.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$367K

$697 / participant

Investment mgmt$225K61.4%
Contract admin$142K38.6%

% of EOY assets

0.395%

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: REYNOLDS, BONE & BRIESBECK, PLC
Auditor EIN: 620428728
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$181,662

$50,902+256.9%

$155,534+16.8%

$77,736+133.7%

Participation rate

71.7%

63.1%+8.6pp

78.2%-6.5pp

70.6%+1.1pp

Annual return

13.92%

34.85%-20.9pp

64.92%-51.0pp

31.26%-17.3pp

Employer contribution / active EE

$5,445

$1,991+173.4%

$4,675+16.5%

$2,728+99.6%

Participant deferral / active EE

$3,883

$2,824+37.5%

$5,630-31.0%

$4,651-16.5%

Admin fee / account holder

$718

$437+64.2%

$15,900-95.5%

$433+65.6%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

711 HIGH STREET · DES MOINES, IA 503920001

Contract Administrator

$141,673

RAYMOND JAMES FINANCIAL SERVICES5 years

Service code 26 · EIN 56-1281193

880 CARILLON PARKWAY · ST. PETERSBURG, FL 33716

Advisory (Participants)

$84,161

DIVERSIFIED TRUST COMPANY5 years

Filed as: DIVERSIFIED TRUST COMPANY, INC.

Service code 26 · EIN 62-1554452

6075 POPLAR AVENUE · MEMPHIS, TN 38119

Advisory (Participants)

$47,412

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & COMPANY, INC.

Service code 26 · EIN 94-1737782

211 MAIN STREET · SAN FRANCISCO, CA 94105

Advisory (Participants)

$34,311

JANNEY MONTGOMERY SCOTT LLC1 year

Filed as: JANNEY MONTGOMERY SCOTT

Service code 26

Advisory (Participants)

$20,106

UBS FINANCIAL SERVICES INC4 years

Filed as: UBS FINANCIAL SERVICES, INC.

Service code 26 · EIN 13-2638166

6070 POPLAR AVENUE · MEMPHIS, TN 381193901

Advisory (Participants)

$19,620

FTB ADVISORS, INC.7 years

Service code 26 · EIN 62-0201385

165 MADISON · MEMPHIS, TN 38103

Advisory (Participants)

$19,409

BURLEIGH CONSULTING GROUP3 years

Filed as: BURLEIGH CONSULTING GROUP, INC.

Service code 49 · EIN 62-0842964

465 JACK KRAMER DR. · MEMPHIS, TN 38117

Other Services

MORGAN STANLEY SMITH BARNEY1 year

Filed as: J P MORGAN SECURITIES LLC

Service code 26 · EIN 13-4110995

383 MADISON AVENUE · NEW YORK, NY 10179

Advisory (Participants)

MORGAN STANLEY SMITH BARNEY2 years

Filed as: J.P. MORGAN SECURITIES, LLC

Service code 27

Advisory (Plan)

ORTHOSOUTH 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORTHOSOUTH 401(K) 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