Retirement plan

PULMONARY ASSOCIATES OF MOBILE, PC 401(K) PROFIT SHARING PLAN

Name: PULMONARY ASSOCIATES OF MOBILE, P.C. - PULMONARY ASSOCIATES OF MOBILE, PC 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: PULMONARY ASSOCIATES OF MOBILE, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PULMONARY ASSOCIATES OF MOBILE, PC 401(K) PROFIT SHARING PLAN, PULMONARY ASSOCIATES OF MOBILE, P.C.

PULMONARY ASSOCIATES OF MOBILE, P.C.EIN 63-0799312Plan #001PY 2017

5955 AIRPORT BLVD - MOBILE, AL 36608251-633-0573LinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$25.5M

+20.1% from 2016

Total participants

171

+4.9% from 2016

Average account balance

$156,508

+17.9% from 2016

Annual return

14.05%

+4.94 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$47.22M

Not enough data

1 years with asset history on file

Average account balance

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

$290K

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.

163

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.

97.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+11.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$206

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
MITCHELL MCLEOD PUGH & WILLIAMS3+ years Service code 28 2610 DAUPHIN STREET · MOBILE, AL 36606	Investment Management	$38,358
REGIONS BANK3+ years Service code 21 · EIN 63-6129301	Bank Trustee	$18,944
ASCENSUS LLC3+ years Filed as: ASCENSUS Service code 15 · EIN 41-1246679	Recordkeeping	$6,375

Plan features & details

Pension benefit codes2E2J2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 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).

Expense breakdown

Schedule H Part II

Admin total

$66K

$590 / participant

Investment mgmt$38K58.0%
Contract admin$28K42.0%

% of EOY assets

0.259%

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: WILKINS MILLER, LLC
Auditor EIN: 270355040
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$156,508

$55,453+182.2%

$170,435-8.2%

$62,293+151.2%

Participation rate

92.9%

66.4%+26.5pp

83.6%+9.3pp

69.5%+23.3pp

Annual return

14.05%

21.38%-7.3pp

205.94%-191.9pp

28.90%-14.8pp

Employer contribution / active EE

$9,744

$2,164+350.4%

$5,432+79.4%

$2,042+377.1%

Participant deferral / active EE

$5,885

$2,303+155.6%

$4,939+19.1%

$3,169+85.7%

Admin fee / account holder

$405

$455-10.9%

$13,881-97.1%

$479-15.4%

Provider

Service type

Compensation

MITCHELL MCLEOD PUGH & WILLIAMS3+ years

Service code 28

2610 DAUPHIN STREET · MOBILE, AL 36606

Investment Management

$38,358

REGIONS BANK3+ years

Service code 21 · EIN 63-6129301

Bank Trustee

$18,944

ASCENSUS LLC3+ years

Filed as: ASCENSUS

Service code 15 · EIN 41-1246679

Recordkeeping

$6,375

PULMONARY ASSOCIATES OF MOBILE, PC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PULMONARY ASSOCIATES OF MOBILE, PC 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