Retirement plan

PREMIER ORTHOPAEDICS & SPORTS MEDICINE, P.L.C. 401(K) PROFIT SHARING PLAN

Name: PREMIER ORTHOPAEDICS & SPORTS MEDICINE, P.L.C. - PREMIER ORTHOPAEDICS & SPORTS MEDICINE, P.L.C. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: PREMIER ORTHOPAEDICS & SPORTS MEDICINE, P.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PREMIER ORTHOPAEDICS & SPORTS MEDICINE, P.L.C. 401(K) PROFIT SHARING PLAN, PREMIER ORTHOPAEDICS & SPORTS MEDICINE, P.L.C.

PREMIER ORTHOPAEDICS & SPORTS MEDICINE, P.L.C.EIN 62-1619606Plan #001PY 2016

1321 MURFREESBORO ROAD, STE. 510 - NASHVILLE, TN 37217615-366-8890

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$25.9M

-1.3% from 2015

Total participants

212

-5.4% from 2015

Average account balance

$136,290

+10.6% from 2015

Annual return

7.24%

+8.38 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.13M

Not enough data

1 years with asset history on file

Average account balance

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

$141K

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.

129

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.

92.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.38M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+14.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$433

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 7 by compensation

Provider	Service type	Compensation
A&G FINANCIAL MANAGEMENT, LLC2+ years Filed as: A&G FINANCIAL MANAGEMENT LLC Service code 27 38 MUSIC SQUARE EAST · NASHVILLE, TN 37023	Advisory (Plan)	$48,825
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO ADVISORS Service code 27 WELLS FARGO ADVISORS FINANCIAL NETW · NASHVILLE, TN 37205	Advisory (Plan)	$22,119
NEWPORT GROUP, INC.1 year Service code 12 · EIN 27-2037969	Direct payment from the plan; Recordk...	$18,708
MERRILL LYNCH PIERCE FENNER & SMITH2+ years Filed as: MERRILL LYNCH Service code 27 1224 SUMTER STREET · COLUMBIA, SC 29201	Advisory (Plan)	$9,715
NATIONAL FINANCIAL SERVICES2+ years Service code 27 242 W. MAIN ST., #262 · HENDERSONVILLE, TN 37075	Advisory (Plan)	$9,658
NORTHWESTERN MUTUAL INVESTMENT SERV2+ years Filed as: NORTHWESTERN MUTUAL Service code 27 1600 DIVISION STREET · NASHVILLE, TN 37203	Advisory (Plan)	$7,029
THOROUGHBRED FINANCIAL SERVICES LLC2+ years Filed as: THOROUGHBRED FINANCIAL SERVICES Service code 27 5110 MARYLAND WAY, SUITE 300 · BRENTWOOD, TN 37027	Advisory (Plan)	$6,167

Plan features & details

Pension benefit codes2A2E2F2G2J2R3D2T3B

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$122K

$774 / participant

Investment mgmt$114K93.0%
Contract admin$8K6.9%
Other / not subdivided$1470.1%

% of EOY assets

0.472%

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: ROBINSON, GRIMES & COMPANY, P.C.
Auditor EIN: 581374304
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$136,290

$46,732+191.6%

$156,551-12.9%

$55,167+147.0%

Participation rate

86.1%

65.8%+20.3pp

84.0%+2.1pp

69.0%+17.1pp

Annual return

7.24%

17.72%-10.5pp

32.23%-25.0pp

169.23%-162.0pp

Employer contribution / active EE

$14,952

$2,105+610.3%

$5,501+171.8%

$1,963+661.9%

Participant deferral / active EE

$5,897

$2,204+167.5%

$4,871+21.1%

$3,054+93.1%

Admin fee / account holder

$643

$418+53.8%

$13,028-95.1%

$504+27.7%

Provider

Service type

Compensation

A&G FINANCIAL MANAGEMENT, LLC2+ years

Filed as: A&G FINANCIAL MANAGEMENT LLC

Service code 27

38 MUSIC SQUARE EAST · NASHVILLE, TN 37023

Advisory (Plan)

$48,825

WELLS FARGO BANK, N.A.2+ years

Filed as: WELLS FARGO ADVISORS

Service code 27

WELLS FARGO ADVISORS FINANCIAL NETW · NASHVILLE, TN 37205

Advisory (Plan)

$22,119

NEWPORT GROUP, INC.1 year

Service code 12 · EIN 27-2037969

Direct payment from the plan; Recordk...

$18,708

MERRILL LYNCH PIERCE FENNER & SMITH2+ years

Filed as: MERRILL LYNCH

Service code 27

1224 SUMTER STREET · COLUMBIA, SC 29201

Advisory (Plan)

$9,715

NATIONAL FINANCIAL SERVICES2+ years

Service code 27

242 W. MAIN ST., #262 · HENDERSONVILLE, TN 37075

Advisory (Plan)

$9,658

NORTHWESTERN MUTUAL INVESTMENT SERV2+ years

Filed as: NORTHWESTERN MUTUAL

Service code 27

1600 DIVISION STREET · NASHVILLE, TN 37203

Advisory (Plan)

$7,029

THOROUGHBRED FINANCIAL SERVICES LLC2+ years

Filed as: THOROUGHBRED FINANCIAL SERVICES

Service code 27

5110 MARYLAND WAY, SUITE 300 · BRENTWOOD, TN 37027

Advisory (Plan)

$6,167

PREMIER ORTHOPAEDICS & SPORTS MEDICINE, P.L.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PREMIER ORTHOPAEDICS & SPORTS MEDICINE, P.L.C. 401(K) 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