Retirement plan

JACKSON HEART CLINIC, P.A. 401(K) PLAN

Name: JACKSON HEART CLINIC, P.A. - JACKSON HEART CLINIC, P.A. 401(K) PLAN (2016) Form 5500
Creator: JACKSON HEART CLINIC, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JACKSON HEART CLINIC, P.A. 401(K) PLAN, JACKSON HEART CLINIC, P.A.

JACKSON HEART CLINIC, P.A.EIN 64-0528954Plan #001PY 2016

970 LAKELAND DRIVE, SUITE 61 - JACKSON, MS 39216601-982-7850jacksonheart.comLinkedIn51-200 employeeshospital & health care

Prospect flagsLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$23.2M

+6.9% from 2015

Total participants

132

+10.0% from 2015

Average account balance

$211,185

+16.6% from 2015

Annual return

8.94%

+12.07 pp from 2015

Benchmarks

See 785 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Cohort785 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$42.13M

Not enough data

1 years with asset history on file

Average account balance

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

$251K

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.

168

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.

94.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+14.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$444

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 2 by compensation

Provider	Service type	Compensation
NATIONWIDE2+ years Service code 28 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Investment Management	$53,188
GRANTHAM POOLE1 year Service code 10 · EIN 64-0903390 1062 HIGHLAND COLONY PKWY, STE 201 · RIDGELAND, MS 39157	Accounting	$22,250

Plan features & details

Pension benefit codes2E2G2J2K3D

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.
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.
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

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRANTHAMPOOLE PLLC
Auditor EIN: 640903390
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$211,185

$306,927-31.2%

$156,551+34.9%

Participation rate

77.8%

59.9%+17.9pp

84.0%-6.2pp

Annual return

8.94%

1.08%+7.9pp

32.23%-23.3pp

Employer contribution / active EE

$8,976

$1,481+505.9%

$5,501+63.2%

Participant deferral / active EE

$4,145

$1,779+133.0%

$4,871-14.9%

Admin fee / account holder

$73,834-100.0%

$13,028-100.0%

Provider

Service type

Compensation

NATIONWIDE2+ years

Service code 28 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Investment Management

$53,188

GRANTHAM POOLE1 year

Service code 10 · EIN 64-0903390

1062 HIGHLAND COLONY PKWY, STE 201 · RIDGELAND, MS 39157

Accounting

$22,250

JACKSON HEART CLINIC, P.A. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

JACKSON HEART CLINIC, P.A. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion