Retirement plan

HOLSTON MEDICAL GROUP RETIREMENT PLAN

Name: HOLSTON MEDICAL GROUP, INC. - HOLSTON MEDICAL GROUP RETIREMENT PLAN (2022) 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 2022

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

Prospect flagsHigh feesCorrective distributions

Top hat statement on fileNQDC

Filed February 6, 2019

Plan administrator

Plan administrator name— Sign in and upgrade to view

2323 N John B Dennis Hwy

Kingsport State: TN Zip Code: 37660

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (1)

Holston Medical Group Deferred Compensation Plan82 emp

Open the filing PDF

How to read this page

Total assets (EOY)

$104M

-9.7% from 2021

Total participants

1,292

-5.2% from 2021

Average account balance

$85,874

-9.4% from 2021

Annual return

-15.21%

-29.41 pp from 2021

Benchmarks

See 1,377 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,377 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 3 by compensation

Provider	Service type	Compensation
INTEGRITY CAPITAL MANAGEMENT8+ years Service code 26 444 CLINCHFIELD STREET · KINGSPORT, TN 37660	Advisory (Participants)	$236,154
NEWPORT GROUP, INC.6 years Filed as: NEWPORT GROUP, INC Service code 15 · EIN 27-2037969	Recordkeeping	$120,161
NEWPORT GROUP, INC.6 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131	Bank Trustee	$34,712

Plan features & details

Pension benefit codes2A2E2F2G2J2R3D3H

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.
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

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

$391K

$366 / participant

Investment mgmt$236K60.4%
Contract admin$120K30.7%
Other / not subdivided$35K8.9%

% of EOY assets

0.376%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,874

$45,000+90.8%

$143,757-40.3%

$77,904+10.2%

Participation rate

92.4%

66.8%+25.6pp

80.3%+12.1pp

73.7%+18.7pp

Annual return

-15.21%

29.03%-44.2pp

-0.04%-15.2pp

12.21%-27.4pp

Employer contribution / active EE

$4,670

$1,870+149.8%

$4,951-5.7%

$2,848+64.0%

Participant deferral / active EE

$4,661

$3,157+47.7%

$5,637-17.3%

$4,806-3.0%

Admin fee / account holder

$323

$98+228.1%

$14,673-97.8%

$133+143.6%

Provider

Service type

Compensation

INTEGRITY CAPITAL MANAGEMENT8+ years

Service code 26

444 CLINCHFIELD STREET · KINGSPORT, TN 37660

Advisory (Participants)

$236,154

NEWPORT GROUP, INC.6 years

Filed as: NEWPORT GROUP, INC

Service code 15 · EIN 27-2037969

Recordkeeping

$120,161

NEWPORT GROUP, INC.6 years

Filed as: NEWPORT TRUST COMPANY

Service code 21 · EIN 27-4411131

Bank Trustee

$34,712

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