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 (2020) 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 2020

3610 SPRINGHILL MEMORIAL DRIVE, N - MOBILE, AL 36608251-410-3600alortho.comLinkedIn201-500 employeesmedical practice

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$31.8M

+5.2% from 2019

Total participants

328

+13.9% from 2019

Average account balance

$114,030

+8.6% from 2019

Annual return

11.34%

-5.00 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

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

Service providers

Top 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 10 · EIN 84-0467907	Accounting	$32,237
ELEMENT WEALTH LLC2 years Service code 27 800 WOODLANDS PKWY · RIDGELAND, MS 39157	Advisory (Plan)	$28,896
SMITH, DUKES & BUCKALEW, LLP1 year Filed as: SMITH, DUKES & BUCKALEW LLP Service code 10 3800 AIRPORT BLVD · MOBILE, AL 36608	Accounting	$20,500
ECONOMIC GROUP PENSION SERVICES1 year Filed as: ECONOMIC GROUP PENSION SERVICES INC Service code 13 917 WESTERN AMERICA CIRCLE · MOBILE, AL 36609	Contract Administrator	$13,800
MITCHELL MCLEOD PUGH & WILLIAMS1 year Filed as: MITCHELL MCLEOD PUGH & WILLIAMS INC Service code 26 2610 DAUPHIN STREET · MOBILE, AL 36606	Advisory (Participants)	$8,908
REGIONS BANK3 years Filed as: REGIONS Service code 26 201 MILAN PARKWAY · BIRMINGHAM, AL 35211	Advisory (Participants)	$6,502

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3D3F

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

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

$151K

$644 / participant

Investment mgmt$44K29.5%
Contract admin$86K56.9%
Other / not subdivided$21K13.6%

% of EOY assets

0.473%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$114,030

$58,888+93.6%

$178,499-36.1%

$73,493+55.2%

Participation rate

79.1%

66.2%+12.8pp

81.9%-2.9pp

70.7%+8.4pp

Annual return

11.34%

24.86%-13.5pp

151.10%-139.8pp

28.51%-17.2pp

Employer contribution / active EE

$4,941

$2,236+121.0%

$5,011-1.4%

$2,270+117.7%

Participant deferral / active EE

$3,291

$2,568+28.2%

$5,202-36.7%

$3,740-12.0%

Admin fee / account holder

$540

$400+34.8%

$13,986-96.1%

$513+5.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 10 · EIN 84-0467907

Accounting

$32,237

ELEMENT WEALTH LLC2 years

Service code 27

800 WOODLANDS PKWY · RIDGELAND, MS 39157

Advisory (Plan)

$28,896

SMITH, DUKES & BUCKALEW, LLP1 year

Filed as: SMITH, DUKES & BUCKALEW LLP

Service code 10

3800 AIRPORT BLVD · MOBILE, AL 36608

Accounting

$20,500

ECONOMIC GROUP PENSION SERVICES1 year

Filed as: ECONOMIC GROUP PENSION SERVICES INC

Service code 13

917 WESTERN AMERICA CIRCLE · MOBILE, AL 36609

Contract Administrator

$13,800

MITCHELL MCLEOD PUGH & WILLIAMS1 year

Filed as: MITCHELL MCLEOD PUGH & WILLIAMS INC

Service code 26

2610 DAUPHIN STREET · MOBILE, AL 36606

Advisory (Participants)

$8,908

REGIONS BANK3 years

Filed as: REGIONS

Service code 26

201 MILAN PARKWAY · BIRMINGHAM, AL 35211

Advisory (Participants)

$6,502

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