Retirement plan

KNOXVILLE PEDIATRIC ASSOCIATES, P.C. 401K PLAN

Name: KNOXVILLE PEDIATRIC ASSOCIATES, P. C. - KNOXVILLE PEDIATRIC ASSOCIATES, P.C. 401K PLAN (2020) Form 5500
Creator: KNOXVILLE PEDIATRIC ASSOCIATES, P. C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KNOXVILLE PEDIATRIC ASSOCIATES, P.C. 401K PLAN, KNOXVILLE PEDIATRIC ASSOCIATES, P. C.

KNOXVILLE PEDIATRIC ASSOCIATES, P. C.EIN 62-1337778Plan #001PY 2020

2201 CLINCH AVENUE - KNOXVILLE, TN 37916865-525-0228knoxpediatrics.comLinkedIn201-500 employeesmedical practice

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$41.6M

+11.2% from 2019

Total participants

203

+3.6% from 2019

Average account balance

$211,021

+9.5% from 2019

Annual return

13.03%

-4.14 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$50.99M

Not enough data

1 years with asset history on file

Average account balance

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

$260K

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.

196

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.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.74M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+11.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$491

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 4 by compensation

Provider	Service type	Compensation
MASSACHUSSETTS MUTUAL LIFE INSURANC6+ years Service code 52 · EIN 04-1590850	Indirect Investment Fees	$51,317
SAGEVIEW ADVISORY GROUP, LLC6+ years Service code 27 · EIN 33-0818667	Advisory (Plan)	$41,431
SAGEVIEW ADVISORY GROUP, LLC6+ years Filed as: SAGEVIEW RETIREMENT PLAN CONSULTANT Service code 13 · EIN 62-6319489	Contract Administrator	$26,959
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2R2S2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$120K

$824 / participant

Other / not subdivided$120K100.0%

% of EOY assets

0.289%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COULTER & JUSTUS, P. C.
Auditor EIN: 621532536
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$211,021

$58,888+258.3%

$178,499+18.2%

$73,493+187.1%

Participation rate

95.9%

66.2%+29.7pp

81.9%+14.0pp

70.7%+25.2pp

Annual return

13.03%

24.86%-11.8pp

151.10%-138.1pp

28.51%-15.5pp

Employer contribution / active EE

$7,147

$2,236+219.6%

$5,011+42.6%

$2,270+214.8%

Participant deferral / active EE

$4,155

$2,568+61.8%

$5,202-20.1%

$3,740+11.1%

Admin fee / account holder

$611

$400+52.5%

$13,986-95.6%

$513+19.0%

Provider

Service type

Compensation

MASSACHUSSETTS MUTUAL LIFE INSURANC6+ years

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$51,317

SAGEVIEW ADVISORY GROUP, LLC6+ years

Service code 27 · EIN 33-0818667

Advisory (Plan)

$41,431

SAGEVIEW ADVISORY GROUP, LLC6+ years

Filed as: SAGEVIEW RETIREMENT PLAN CONSULTANT

Service code 13 · EIN 62-6319489

Contract Administrator

$26,959

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52

Indirect Investment Fees

KNOXVILLE PEDIATRIC ASSOCIATES, P.C. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KNOXVILLE PEDIATRIC ASSOCIATES, P.C. 401K 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