Retirement plan

WEST TENNESSEE BONE & JOINT CLINIC, P.C. PROFIT SHARING PLAN

Name: WEST TENNESSEE BONE & JOINT CLINIC, P.C. - WEST TENNESSEE BONE & JOINT CLINIC, P.C. PROFIT SHARING PLAN (2020) Form 5500
Creator: WEST TENNESSEE BONE & JOINT CLINIC, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WEST TENNESSEE BONE & JOINT CLINIC, P.C. PROFIT SHARING PLAN, WEST TENNESSEE BONE & JOINT CLINIC, P.C.

WEST TENNESSEE BONE & JOINT CLINIC, P.C.EIN 62-0913372Plan #002PY 2020

24 PHYSICIANS DRIVE - JACKSON, TN 38305731-661-9825

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$25.2M

+25.2% from 2019

Total participants

176

+28.5% from 2019

Average account balance

$143,296

-2.5% from 2019

Annual return

20.50%

-0.68 pp from 2019

Benchmarks

See 5,416 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,416 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$46.26M

Not enough data

1 years with asset history on file

Average account balance

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

$183K

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.

253

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.

99.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.18M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+16.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$489

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
FINANCIAL PARTNERS GROUP, LLC1 year Service code 27 607 COMMONS DR. · GALLATIN, TN 37065	Advisory (Plan)	$35,902
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$14,995
SHERIDAN ROAD ADVISORS LLC2 years Filed as: HUB INTERNATIONAL GULF SOUTH LIMITE Service code 13 3510 N. CAUSEWAY BLVD., STE. 300 · METARIE, LA 700023531	Contract Administrator	$8,200
AMERICAN REALTY ADVISORS1 year Filed as: THE AMERICAN AUDITORS GROUP, LLC Service code 10 P.O. BOX 4723 · SPOKANE, WA 99220	Accounting	$6,000

Plan features & details

Pension benefit codes2A2E2G2J2K2T3D

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.
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.
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

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

$81K

$567 / participant

Investment mgmt$31K38.0%
Other / not subdivided$50K62.0%

% of EOY assets

0.321%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: THE AMERICAN AUDITORS GROUP, LLC
Auditor EIN: 814229648
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$143,296

$58,879+143.4%

$178,490-19.7%

$73,488+95.0%

Participation rate

100.0%

66.2%+33.8pp

81.9%+18.1pp

70.7%+29.3pp

Annual return

20.50%

24.86%-4.4pp

151.07%-130.6pp

28.51%-8.0pp

Employer contribution / active EE

$7,802

$2,236+248.9%

$5,011+55.7%

$2,270+243.7%

Participant deferral / active EE

$5,564

$2,567+116.7%

$5,202+7.0%

$3,740+48.8%

Admin fee / account holder

$460

$400+15.0%

$13,984-96.7%

$513-10.3%

Provider

Service type

Compensation

FINANCIAL PARTNERS GROUP, LLC1 year

Service code 27

607 COMMONS DR. · GALLATIN, TN 37065

Advisory (Plan)

$35,902

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$14,995

SHERIDAN ROAD ADVISORS LLC2 years

Filed as: HUB INTERNATIONAL GULF SOUTH LIMITE

Service code 13

3510 N. CAUSEWAY BLVD., STE. 300 · METARIE, LA 700023531

Contract Administrator

$8,200

AMERICAN REALTY ADVISORS1 year

Filed as: THE AMERICAN AUDITORS GROUP, LLC

Service code 10

P.O. BOX 4723 · SPOKANE, WA 99220

Accounting

$6,000

WEST TENNESSEE BONE & JOINT CLINIC, P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WEST TENNESSEE BONE & JOINT CLINIC, P.C. 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