Retirement plan

ALABAMA ORTHOPAEDIC CLINIC, P.C. 401(K) PROFIT SHARING PLAN

Name: ALABAMA ORTHOPAEDIC CLINIC, P.C. - ALABAMA ORTHOPAEDIC CLINIC, P.C. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: ALABAMA ORTHOPAEDIC CLINIC, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALABAMA ORTHOPAEDIC CLINIC, P.C. 401(K) PROFIT SHARING PLAN, ALABAMA ORTHOPAEDIC CLINIC, P.C.

ALABAMA ORTHOPAEDIC CLINIC, P.C.EIN 63-1174582Plan #001PY 2017

3610 SPRINGHILL MEMORIAL DR NO. - MOBILE, AL 36608251-410-3600alortho.comLinkedIn201-500 employeesmedical practice

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$29.8M

+21.5% from 2016

Total participants

268

+0.4% from 2016

Average account balance

$111,315

+20.6% from 2016

Annual return

17.77%

+9.36 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

$27.73M

Not enough data

1 years with asset history on file

Average account balance

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

$107K

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.

259

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.

82.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.12M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+9.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$355

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 7 by compensation

Provider	Service type	Compensation
PINNACLE TRUST CO1 year Filed as: PINNACLE TRUST COMPANY, LLC Service code 27 101 PORT ST STE 200 · MADISON, MS 39110	Advisory (Plan)	$26,903
ECONOMIC GROUP PENSION SERVICES1 year Filed as: ECONOMIC GROUP PENSION Service code 13 · EIN 13-3180178	Contract Administrator	$22,758
RAYMOND JAMES FINANCIAL SERVICES3+ years Filed as: RAYMOND JAMES Service code 26 21 WEST 1-65 SERVICE RD NORTH · MOBILE, AL 36608	Advisory (Participants)	$20,580
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB Service code 26 3605 SPRINGHILL BUSINESS PARK STE A · MOBILE, AL 36608	Advisory (Participants)	$20,343
SMITH DUKES BUCKELEW2 years Service code 10 · EIN 63-1174582	Accounting	$13,500
MORGAN STANLEY SMITH BARNEY3+ years Service code 26 P O BOX 9166 · DOTHAN, AL 36304	Advisory (Participants)	$11,833
NORTHWESTERN MUTUAL INVESTMENT SERV3+ years Filed as: NORTHWESTERN MUTUAL INVESTMENT SVCS Service code 55	Other Commissions	$0

Plan features & details

Pension benefit codes2F3D2G2J2K2R2A2T2E

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.

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

$116K

$554 / participant

Contract admin$5K4.0%
Other / not subdivided$111K96.0%

% of EOY assets

0.388%

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: SMITH, DUKES AND BUCKALEW
Auditor EIN: 630191630
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$111,315

$55,453+100.7%

$170,435-34.7%

$62,293+78.7%

Participation rate

100.0%

66.4%+33.6pp

83.6%+16.4pp

69.5%+30.5pp

Annual return

17.77%

21.38%-3.6pp

205.94%-188.2pp

28.90%-11.1pp

Employer contribution / active EE

$5,098

$2,164+135.6%

$5,432-6.2%

$2,042+149.6%

Participant deferral / active EE

$3,370

$2,303+46.3%

$4,939-31.8%

$3,169+6.3%

Admin fee / account holder

$432

$455-5.1%

$13,881-96.9%

$479-9.9%

Provider

Service type

Compensation

PINNACLE TRUST CO1 year

Filed as: PINNACLE TRUST COMPANY, LLC

Service code 27

101 PORT ST STE 200 · MADISON, MS 39110

Advisory (Plan)

$26,903

ECONOMIC GROUP PENSION SERVICES1 year

Filed as: ECONOMIC GROUP PENSION

Service code 13 · EIN 13-3180178

Contract Administrator

$22,758

RAYMOND JAMES FINANCIAL SERVICES3+ years

Filed as: RAYMOND JAMES

Service code 26

21 WEST 1-65 SERVICE RD NORTH · MOBILE, AL 36608

Advisory (Participants)

$20,580

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB

Service code 26

3605 SPRINGHILL BUSINESS PARK STE A · MOBILE, AL 36608

Advisory (Participants)

$20,343

SMITH DUKES BUCKELEW2 years

Service code 10 · EIN 63-1174582

Accounting

$13,500

MORGAN STANLEY SMITH BARNEY3+ years

Service code 26

P O BOX 9166 · DOTHAN, AL 36304

Advisory (Participants)

$11,833

NORTHWESTERN MUTUAL INVESTMENT SERV3+ years

Filed as: NORTHWESTERN MUTUAL INVESTMENT SVCS

Service code 55

Other Commissions

ALABAMA ORTHOPAEDIC CLINIC, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ALABAMA ORTHOPAEDIC CLINIC, P.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