Retirement plan

ORTHOSOUTH 401(K) PROFIT SHARING PLAN

Name: MSK GROUP, PC DBA ORTHOSOUTH - ORTHOSOUTH 401(K) PROFIT SHARING PLAN (2020) 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 2020

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

Other plans on this EIN

3 filings

#002Retirement--#003Retirement--#004Retirement--

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$76.8M

+151.8% from 2019

Total participants

529

+149.5% from 2019

Average account balance

$145,173

+0.9% from 2019

Annual return

158.33%

+137.07 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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 9 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES1 year Service code 26 · EIN 56-1281193 880 CARILLON PARKWAY · ST. PETERSBURG, FL 33716	Advisory (Participants)	$67,190
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO INC. Service code 26 · EIN 94-1737782 211 MAIN STREET · SAN FRANCISCO, CA 94105	Advisory (Participants)	$46,140
BDC ADVISORY, LLC3 years Service code 26 · EIN 62-1750935 465 JACK KRAMER DR. STE. 2 · MEMPHIS, TN 38117	Advisory (Participants)	$42,691
FTB ADVISORS, INC.3 years Service code 26 · EIN 62-0201385 165 MADISON AVENUE FLOOR 14 · MEMPHIS, TN 38103	Advisory (Participants)	$24,338
UBS FINANCIAL SERVICES INC1 year Filed as: UBS FINANCIAL SERVICES INC. Service code 26 · EIN 13-2638166 6070 POPLAR AVENUE STE. 400 · MEMPHIS, TN 381193901	Advisory (Participants)	$24,273
DIVERSIFIED TRUST COMPANY1 year Filed as: DIVERSIFIED TRUST COMPANY, INC. Service code 26 · EIN 62-1554452 6075 POPLAR AVE. STE. 900 · MEMPHIS, TN 38119	Advisory (Participants)	$19,125
WELLS FARGO BANK, N.A.4 years Filed as: WELLS FARGO ADVISORS Service code 26 · EIN 94-1347393 420 MONTGOMERY STREET · SAN FRANCISCO, CA 94104	Advisory (Participants)	$10,080
MERRILL LYNCH PIERCE FENNER & SMITH4 years Filed as: MERRILL LYNCH, PIERCE, FENNER & SMI Service code 26 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281	Advisory (Participants)	$8,577
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK LIFE INSURANCE CO Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$725

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

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

$334K

$1020 / participant

Investment mgmt$231K69.3%
Contract admin$102K30.7%

% of EOY assets

0.434%

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: REYNOLDS BONE & GRIESBECK, PLC
Auditor EIN: 620428728
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$145,173

$52,293+177.6%

$178,498-18.7%

$73,412+97.8%

Participation rate

100.0%

65.3%+34.7pp

81.9%+18.1pp

72.2%+27.8pp

Annual return

158.33%

34.75%+123.6pp

151.09%+7.2pp

59.30%+99.0pp

Employer contribution / active EE

$9,062

$1,735+422.2%

$5,011+80.8%

$2,234+305.7%

Participant deferral / active EE

$4,659

$2,332+99.7%

$5,202-10.4%

$3,806+22.4%

Admin fee / account holder

$631

$127+395.1%

$13,985-95.5%

$158+299.4%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES1 year

Service code 26 · EIN 56-1281193

880 CARILLON PARKWAY · ST. PETERSBURG, FL 33716

Advisory (Participants)

$67,190

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO INC.

Service code 26 · EIN 94-1737782

211 MAIN STREET · SAN FRANCISCO, CA 94105

Advisory (Participants)

$46,140

BDC ADVISORY, LLC3 years

Service code 26 · EIN 62-1750935

465 JACK KRAMER DR. STE. 2 · MEMPHIS, TN 38117

Advisory (Participants)

$42,691

FTB ADVISORS, INC.3 years

Service code 26 · EIN 62-0201385

165 MADISON AVENUE FLOOR 14 · MEMPHIS, TN 38103

Advisory (Participants)

$24,338

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS FINANCIAL SERVICES INC.

Service code 26 · EIN 13-2638166

6070 POPLAR AVENUE STE. 400 · MEMPHIS, TN 381193901

Advisory (Participants)

$24,273

DIVERSIFIED TRUST COMPANY1 year

Filed as: DIVERSIFIED TRUST COMPANY, INC.

Service code 26 · EIN 62-1554452

6075 POPLAR AVE. STE. 900 · MEMPHIS, TN 38119

Advisory (Participants)

$19,125

WELLS FARGO BANK, N.A.4 years

Filed as: WELLS FARGO ADVISORS

Service code 26 · EIN 94-1347393

420 MONTGOMERY STREET · SAN FRANCISCO, CA 94104

Advisory (Participants)

$10,080

MERRILL LYNCH PIERCE FENNER & SMITH4 years

Filed as: MERRILL LYNCH, PIERCE, FENNER & SMI

Service code 26 · EIN 13-5674085

4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281

Advisory (Participants)

$8,577

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK LIFE INSURANCE CO

Service code 15 · EIN 01-0233346

P.O. BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$725

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