Retirement plan

ORTHOTENNESSEE 401(K) PLAN

Name: ORTHOTENNESSEE, P.C. - ORTHOTENNESSEE 401(K) PLAN (2024) Form 5500
Creator: ORTHOTENNESSEE, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORTHOTENNESSEE 401(K) PLAN, ORTHOTENNESSEE, P.C.

ORTHOTENNESSEE, P.C.EIN 62-1700130Plan #002PY 2024

260 FT. SANDERS WEST BLVD. STE 200 - KNOXVILLE, TN 37922865-769-4506

Prospect flagsLow returnsHigh feesFailed to transmit contributions

Top hat statement on fileNQDC

Filed January 10, 2022

Plan administrator

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260 Ft. Sanders West Blvd., Suite 200

Knoxville, TN 37922

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Plans declared (1)

OrthoTennessee, P.C. Deferred Compensation Plan1 emp

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Total assets (EOY)

$153.3M

+6.3% from 2023

Total participants

951

+23.3% from 2023

Average account balance

$178,928

-4.4% from 2023

Annual return

11.09%

-2.17 pp from 2023

Benchmarks

See 4,134 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,134 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$153.34M

Not enough data

1 years with asset history on file

Average account balance

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

$179K

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.

857

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.

87.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+11.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$378

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 4 by compensation

Provider	Service type	Compensation
SAGEVIEW ADVISORY GROUP, LLC10+ years Service code 27 · EIN 33-0818667	Advisory (Plan)	$91,807
SVRPC, INC.4 years Service code 13 · EIN 62-6319489	Contract Administrator	$90,000
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 · EIN 84-0467907	Recordkeeping Fees	$57,308
COULTER & JUSTUS8 years Filed as: COULTER & JUSTUS, P.C. Service code 99 · EIN 62-1532536	Other Fees	$5,897

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2T3D3H

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.
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.
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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$324K

$424 / participant

Recordkeeping$60K18.6%
Investment mgmt$168K51.8%
Contract admin$90K27.8%
Other / not subdivided$6K1.8%

% of EOY assets

0.211%

all-in expense ratio

Categories reported

3 / 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: $5,897
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$178,928

$50,820+252.1%

$155,567+15.0%

$77,671+130.4%

Participation rate

87.7%

63.1%+24.6pp

78.2%+9.5pp

70.6%+17.1pp

Annual return

11.09%

34.85%-23.8pp

64.74%-53.6pp

31.21%-20.1pp

Employer contribution / active EE

$7,605

$1,993+281.7%

$4,674+62.7%

$2,726+178.9%

Participant deferral / active EE

$4,237

$2,823+50.1%

$5,628-24.7%

$4,648-8.8%

Admin fee / account holder

$378

$436-13.3%

$15,916-97.6%

$430-12.1%

Provider

Service type

Compensation

SAGEVIEW ADVISORY GROUP, LLC10+ years

Service code 27 · EIN 33-0818667

Advisory (Plan)

$91,807

SVRPC, INC.4 years

Service code 13 · EIN 62-6319489

Contract Administrator

$90,000

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$57,308

COULTER & JUSTUS8 years

Filed as: COULTER & JUSTUS, P.C.

Service code 99 · EIN 62-1532536

Other Fees

$5,897

ORTHOTENNESSEE 401(K) 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

ORTHOTENNESSEE 401(K) 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