Retirement plan

ORTHOTENNESSEE 401(K) PLAN

Name: ORTHOTENNESSEE, P.C. - ORTHOTENNESSEE 401(K) PLAN (2017) 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 2017

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

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

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)

$124.1M

+17.3% from 2016

Total participants

667

+2.6% from 2016

Average account balance

$198,530

+14.7% from 2016

Annual return

14.61%

+8.31 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

$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
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$306,772
SAGEVIEW ADVISORY GROUP, LLC3+ years Filed as: SAGEVIEW RETIREMENT PLAN CONSULTANT Service code 13 · EIN 62-6319489	Contract Administrator	$99,973
SAGEVIEW ADVISORY GROUP, LLC3+ years Service code 27 · EIN 33-0818667	Advisory (Plan)	$88,000
COULTER & JUSTUS1 year Filed as: COULTER & JUSTUS, P.C. Service code 10 · EIN 62-1532536	Accounting	$9,737

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2T3B3D3H

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.
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.
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.)
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

$581K

$1055 / participant

Other / not subdivided$581K100.0%

% of EOY assets

0.469%

all-in expense ratio

Categories reported

0 / 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: COULTER & JUSTUS, P. C.
Auditor EIN: 621532536
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$198,530

$46,173+330.0%

$170,435+16.5%

$69,631+185.1%

Participation rate

92.4%

63.9%+28.5pp

83.6%+8.8pp

70.7%+21.7pp

Annual return

14.61%

21.62%-7.0pp

205.94%-191.3pp

27571.02%-27556.4pp

Employer contribution / active EE

$6,977

$1,610+333.4%

$5,432+28.4%

$2,032+243.3%

Participant deferral / active EE

$4,050

$2,080+94.7%

$4,939-18.0%

$3,224+25.6%

Admin fee / account holder

$930

$116+702.1%

$13,881-93.3%

$110+742.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$306,772

SAGEVIEW ADVISORY GROUP, LLC3+ years

Filed as: SAGEVIEW RETIREMENT PLAN CONSULTANT

Service code 13 · EIN 62-6319489

Contract Administrator

$99,973

SAGEVIEW ADVISORY GROUP, LLC3+ years

Service code 27 · EIN 33-0818667

Advisory (Plan)

$88,000

COULTER & JUSTUS1 year

Filed as: COULTER & JUSTUS, P.C.

Service code 10 · EIN 62-1532536

Accounting

$9,737

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