Retirement plan

THE WEST CLINIC 401(K) AND PROFIT SHARING PLAN

Name: THE WEST CLINIC - THE WEST CLINIC 401(K) AND PROFIT SHARING PLAN (2017) Form 5500
Creator: THE WEST CLINIC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE WEST CLINIC 401(K) AND PROFIT SHARING PLAN, THE WEST CLINIC

THE WEST CLINICEIN 62-1526296Plan #001PY 2017

7945 WOLF RIVER BLVD - GERMANTOWN, TN 38138901-683-0055westclinic.comLinkedIn201-500 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$43.7M

+13.0% from 2016

Total participants

658

+6.8% from 2016

Average account balance

$70,620

+4.4% from 2016

Annual return

14.79%

+6.32 pp from 2016

Benchmarks

See 3,813 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,813 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$98.21M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

1,022

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.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.42M

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

+14.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$216

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 5 by compensation

Provider	Service type	Compensation
HIGHLAND CONSULTING ASSOCIATES3+ years Filed as: HIGHLAND CAPITAL MANAGEMENT, LLC Service code 51 · EIN 27-5440911	Investment Mgmt Fees	$200,267
EPIC RETIREMENT PLAN SERVICES3+ years Filed as: THE RETIREMENT PLAN COMPANY, LLC Service code 64 · EIN 42-1558009	Recordkeeping Fees	$48,483
EPIC RETIREMENT PLAN SERVICES3+ years Filed as: THE RETIREMENT PLAN COMPANY Service code 60	Sub-TA Fees	$16,952
MID ATLANTIC CAPITAL CORPORATION3+ years Filed as: MID ATLANTIC TRUST COMPANY Service code 26 1251 WATERFRONT PLACE · PITTSBURGH, PA 15222	Advisory (Participants)	$16,621
BURLEIGH CONSULTING GROUP2 years Service code 13 465 JACK KRAMER DRIVE · MEMPHIS, TN 38117	Contract Administrator	$11,562

Plan features & details

Pension benefit codes2E2F2J2K2D2T

Plan features

2D
Offset plan
Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
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).
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.

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

$277K

$572 / participant

Investment mgmt$200K72.3%
Contract admin$12K4.2%
Other / not subdivided$65K23.5%

% of EOY assets

0.634%

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: MAYER HOFFMAN MCCANN P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$70,620

$46,173+52.9%

$170,435-58.6%

$69,631+1.4%

Participation rate

91.9%

63.9%+28.0pp

83.6%+8.3pp

70.7%+21.3pp

Annual return

14.79%

21.62%-6.8pp

205.94%-191.1pp

27571.02%-27556.2pp

Employer contribution / active EE

$3,868

$1,610+140.3%

$5,432-28.8%

$2,032+90.4%

Participant deferral / active EE

$4,163

$2,080+100.1%

$4,939-15.7%

$3,224+29.1%

Admin fee / account holder

$447

$116+285.8%

$13,881-96.8%

$110+305.1%

Provider

Service type

Compensation

HIGHLAND CONSULTING ASSOCIATES3+ years

Filed as: HIGHLAND CAPITAL MANAGEMENT, LLC

Service code 51 · EIN 27-5440911

Investment Mgmt Fees

$200,267

EPIC RETIREMENT PLAN SERVICES3+ years

Filed as: THE RETIREMENT PLAN COMPANY, LLC

Service code 64 · EIN 42-1558009

Recordkeeping Fees

$48,483

EPIC RETIREMENT PLAN SERVICES3+ years

Filed as: THE RETIREMENT PLAN COMPANY

Service code 60

Sub-TA Fees

$16,952

MID ATLANTIC CAPITAL CORPORATION3+ years

Filed as: MID ATLANTIC TRUST COMPANY

Service code 26

1251 WATERFRONT PLACE · PITTSBURGH, PA 15222

Advisory (Participants)

$16,621

BURLEIGH CONSULTING GROUP2 years

Service code 13

465 JACK KRAMER DRIVE · MEMPHIS, TN 38117

Contract Administrator

$11,562

THE WEST CLINIC 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE WEST CLINIC 401(K) AND 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