Retirement plan

ORTHOPEDIC SPECIALISTS OF SW FLORIDA, P.A. 401(K) PROFIT SHARING PLAN

Name: ORTHOPEDIC SPECIALISTS OF SW FLORIDA, P.A. - ORTHOPEDIC SPECIALISTS OF SW FLORIDA, P.A. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: ORTHOPEDIC SPECIALISTS OF SW FLORIDA, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORTHOPEDIC SPECIALISTS OF SW FLORIDA, P.A. 401(K) PROFIT SHARING PLAN, ORTHOPEDIC SPECIALISTS OF SW FLORIDA, P.A.

ORTHOPEDIC SPECIALISTS OF SW FLORIDA, P.A.EIN 65-1011457Plan #001PY 2024

14601 HOPE CENTER LOOP - FT MYERS, FL 33912239-334-7000osswf.comLinkedIn51-200 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$34.7M

+15.1% from 2023

Total participants

234

+14.7% from 2023

Average account balance

$148,501

+0.3% from 2023

Annual return

14.70%

-0.04 pp from 2023

Benchmarks

See 6,019 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,019 peers

Snapshot2024

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Analytics

Total assets (EOY)

Plan-year ending balance

$34.75M

Not enough data

1 years with asset history on file

Average account balance

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

$149K

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.

234

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

$1.93M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+14.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$814

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 4 by compensation

Provider	Service type	Compensation
IRON-CO-FID-COMPREHENSIVE2 years Filed as: IRON-CO-FID--TRADITIONAL Service code 26 5440 W 110TH ST · SHAWNEE MISSION, KS 66211	Advisory (Participants)	$0
M HOLDINGS SECURITIES INC7 years Filed as: M HOLDINGS SECURITIES, INC. Service code 26 1125 W COUCH ST #900 · PORTLAND, OR 97209	Advisory (Participants)	$0
NATIONWIDE8 years Service code 26 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Advisory (Participants)	$0
PPA/TPA2 years Service code 26 PAUL FUCHS · FORT MYERS, FL 33912	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$190K

$1476 / participant

Recordkeeping$16K8.6%
Other / not subdivided$174K91.4%

% of EOY assets

0.548%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: PHILLIPS FELDMAN GROUP P.A.
Auditor EIN: 592840381
Audit fees: $174,020
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$148,501

$55,472+167.7%

$155,567-4.5%

$74,546+99.2%

Participation rate

100.0%

61.9%+38.1pp

78.2%+21.8pp

67.2%+32.8pp

Annual return

14.70%

268.72%-254.0pp

64.74%-50.0pp

1366.03%-1351.3pp

Employer contribution / active EE

$8,618

$2,269+279.8%

$4,674+84.4%

$2,624+228.4%

Participant deferral / active EE

$6,346

$2,838+123.6%

$5,628+12.8%

$4,347+46.0%

Admin fee / account holder

$814

$1,743-53.3%

$15,916-94.9%

$1,944-58.1%

Provider

Service type

Compensation

IRON-CO-FID-COMPREHENSIVE2 years

Filed as: IRON-CO-FID--TRADITIONAL

Service code 26

5440 W 110TH ST · SHAWNEE MISSION, KS 66211

Advisory (Participants)

M HOLDINGS SECURITIES INC7 years

Filed as: M HOLDINGS SECURITIES, INC.

Service code 26

1125 W COUCH ST #900 · PORTLAND, OR 97209

Advisory (Participants)

NATIONWIDE8 years

Service code 26

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Advisory (Participants)

PPA/TPA2 years

Service code 26

PAUL FUCHS · FORT MYERS, FL 33912

Advisory (Participants)

ORTHOPEDIC SPECIALISTS OF SW FLORIDA, P.A. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORTHOPEDIC SPECIALISTS OF SW FLORIDA, P.A. 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