Retirement plan

BIRMINGHAM RADIOLOGICAL GROUP, P.C. PROFIT SHARING PLAN

Name: BIRMINGHAM RADIOLOGICAL GROUP, P.C. - BIRMINGHAM RADIOLOGICAL GROUP, P.C. PROFIT SHARING PLAN (2016) Form 5500
Creator: BIRMINGHAM RADIOLOGICAL GROUP, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BIRMINGHAM RADIOLOGICAL GROUP, P.C. PROFIT SHARING PLAN, BIRMINGHAM RADIOLOGICAL GROUP, P.C.

BIRMINGHAM RADIOLOGICAL GROUP, P.C.EIN 63-0587021Plan #001PY 2016

2000-A SOUTHBRIDGE PARKWAY-ST 300 - BIRMINGHAM, AL 352097718205-871-4274LinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$46.6M

-6.0% from 2015

Total participants

127

0.0% from 2015

Average account balance

$350,540

-8.9% from 2015

Annual return

5.41%

+8.59 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

$69.14M

Not enough data

1 years with asset history on file

Average account balance

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

$652K

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.

106

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

+16.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1960

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 3 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH2+ years Filed as: MERRILL LYNCH Service code 51 · EIN 13-3180817	Investment Mgmt Fees	$71,157
BHK SECURITIES, LLC2+ years Filed as: BHK HOLDINGS Service code 51 · EIN 20-2455216	Investment Mgmt Fees	$48,150
LINCOLN NATIONAL CORPORATION2+ years Service code 13 · EIN 35-1140070	Contract Administrator	$25,295

Plan features & details

Pension benefit codes2E2G2J2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$179K

$1582 / participant

Investment mgmt$179K100.0%

% of EOY assets

0.383%

all-in expense ratio

Categories reported

1 / 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: PEARCE, BEVILL, LEESBURG, MOORE, PC
Auditor EIN: 630813240
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$350,540

$46,732+650.1%

$156,551+123.9%

$55,167+535.4%

Participation rate

100.0%

65.8%+34.2pp

84.0%+16.0pp

69.0%+31.0pp

Annual return

5.41%

17.72%-12.3pp

32.23%-26.8pp

169.23%-163.8pp

Employer contribution / active EE

$12,229

$2,105+480.9%

$5,501+122.3%

$1,963+523.1%

Participant deferral / active EE

$7,416

$2,204+236.4%

$4,871+52.2%

$3,054+142.8%

Admin fee / account holder

$1,344

$418+221.3%

$13,028-89.7%

$504+166.7%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH2+ years

Filed as: MERRILL LYNCH

Service code 51 · EIN 13-3180817

Investment Mgmt Fees

$71,157

BHK SECURITIES, LLC2+ years

Filed as: BHK HOLDINGS

Service code 51 · EIN 20-2455216

Investment Mgmt Fees

$48,150

LINCOLN NATIONAL CORPORATION2+ years

Service code 13 · EIN 35-1140070

Contract Administrator

$25,295

BIRMINGHAM RADIOLOGICAL GROUP, P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BIRMINGHAM RADIOLOGICAL GROUP, P.C. 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