Retirement plan

HOLSTON MEDICAL GROUP RETIREMENT PLAN

Name: HOLSTON MEDICAL GROUP, INC. - HOLSTON MEDICAL GROUP RETIREMENT PLAN (2021) Form 5500
Creator: HOLSTON MEDICAL GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOLSTON MEDICAL GROUP RETIREMENT PLAN, HOLSTON MEDICAL GROUP, INC.

HOLSTON MEDICAL GROUP, INC.EIN 62-1388079Plan #003PY 2021

2323 NORTH JOHN B. DENNIS HIGHWAY - KINGSPORT, TN 37660423-578-1511

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed February 6, 2019

Plan administrator

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2323 N John B Dennis Hwy

Kingsport State: TN Zip Code: 37660

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Plans declared (1)

Holston Medical Group Deferred Compensation Plan82 emp

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Total assets (EOY)

$115.1M

+18.1% from 2020

Total participants

1,363

+4.1% from 2020

Average account balance

$94,826

+11.2% from 2020

Annual return

14.19%

+1.84 pp from 2020

Benchmarks

See 3,799 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,799 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$147.11M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

1,375

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.

91.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.83M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$329

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 3 by compensation

Provider	Service type	Compensation
INTEGRITY CAPITAL MANAGEMENT7+ years Service code 26 444 CLINCHFIELD STREET · KINGSPORT, TN 37660	Advisory (Participants)	$174,848
NEWPORT GROUP, INC.5 years Filed as: NEWPORT GROUP, INC Service code 15 · EIN 27-2037969	Recordkeeping	$142,570
NEWPORT GROUP, INC.5 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131	Bank Trustee	$34,623

Plan features & details

Pension benefit codes2E2F2G2J2R3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$352K

$361 / participant

Investment mgmt$175K49.7%
Contract admin$143K40.5%
Other / not subdivided$35K9.8%

% of EOY assets

0.306%

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: BLACKBURN, CHILDERS & STEAGALL, PLC
Auditor EIN: 620647474
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$94,826

$56,540+67.7%

$185,849-49.0%

$86,821+9.2%

Participation rate

84.7%

65.5%+19.2pp

81.7%+3.0pp

72.3%+12.4pp

Annual return

14.19%

118.20%-104.0pp

122.10%-107.9pp

97.94%-83.7pp

Employer contribution / active EE

$2,268

$1,844+23.0%

$5,169-56.1%

$2,406-5.7%

Participant deferral / active EE

$4,722

$2,555+84.8%

$5,569-15.2%

$4,132+14.3%

Admin fee / account holder

$290

$150+93.8%

$16,244-98.2%

$170+71.0%

Provider

Service type

Compensation

INTEGRITY CAPITAL MANAGEMENT7+ years

Service code 26

444 CLINCHFIELD STREET · KINGSPORT, TN 37660

Advisory (Participants)

$174,848

NEWPORT GROUP, INC.5 years

Filed as: NEWPORT GROUP, INC

Service code 15 · EIN 27-2037969

Recordkeeping

$142,570

NEWPORT GROUP, INC.5 years

Filed as: NEWPORT TRUST COMPANY

Service code 21 · EIN 27-4411131

Bank Trustee

$34,623

HOLSTON MEDICAL GROUP RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOLSTON MEDICAL GROUP RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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