Retirement plan

BAY MEDICAL MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN

Name: BAY MEDICAL MANAGEMENT, LLC - BAY MEDICAL MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: BAY MEDICAL MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAY MEDICAL MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN, BAY MEDICAL MANAGEMENT, LLC

BAY MEDICAL MANAGEMENT, LLCEIN 68-0423282Plan #005PY 2018

2125 OAK GROVE ROAD, SUITE 200 - WALNUT CREEK, CA 94598925-296-7150bicrad.comLinkedIn201-500 employeeshospital & health care

Other plans on this EIN

1 filing

#013Retirement-$6.0M assets

Prospect flagsHigh feesHigh assets / participantLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$116.1M

+0.8% from 2017

Total participants

307

+4.1% from 2017

Average account balance

$389,722

-2.6% from 2017

Annual return

1.64%

-13.72 pp from 2017

Benchmarks

See 576 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Cohort576 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$208.63M

Not enough data

1 years with asset history on file

Average account balance

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

$502K

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.

416

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.

96.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.67M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+17.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

$522

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 10 of 12 by compensation

Provider	Service type	Compensation
PACIFIC GLOBAL INVESTMENT MGMT4+ years Service code 26 · EIN 95-4351611	Advisory (Participants)	$93,418
CHARLES SCHWAB & CO., INC.4+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$59,474
EQUIUS PARTNERS INC4+ years Service code 26 · EIN 94-2927404	Advisory (Participants)	$22,205
SCHARF INVESTMENTS LLC4+ years Service code 26 · EIN 26-3775085	Advisory (Participants)	$18,060
DESTINATION WEALTH MANAGEMENT4+ years Service code 26 · EIN 56-2326959	Advisory (Participants)	$13,170
CHARLES SCHWAB & CO., INC.4+ years Service code 33 · EIN 94-1737782	Shareholder servicing fees; Float rev...	$12,582
PARK PIEDMONT ADVISORS LLC3 years Service code 26 · EIN 06-1710971	Advisory (Participants)	$10,125
CAPITAL ADVANTAGE INC1 year Service code 26 · EIN 94-3307876	Advisory (Participants)	$9,041
HARRY KEIR OXLEY DBA DOUBLE BA4+ years Service code 26 · EIN 03-0450991	Advisory (Participants)	$7,321
MISSION WEALTH MANAGEMENT LP4+ years Filed as: MISSION WEALTH MANAGEMENT LLC Service code 26 · EIN 95-4783206	Advisory (Participants)	$7,110

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2S2T3B3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

6 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.
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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$259K

$1038 / participant

Investment mgmt$182K70.2%
Other / not subdivided$77K29.8%

% of EOY assets

0.223%

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: CAMPBELL TAYLOR & CO.
Auditor EIN: 680251243
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$389,722

$277,327+40.5%

$154,108+152.9%

Participation rate

96.4%

62.7%+33.7pp

83.0%+13.3pp

Annual return

1.64%

-3.82%+5.5pp

735.21%-733.6pp

Employer contribution / active EE

$16,151

$1,922+740.5%

$5,298+204.9%

Participant deferral / active EE

$11,566

$1,965+488.5%

$5,081+127.6%

Admin fee / account holder

$868

$104,675-99.2%

$13,411-93.5%

Provider

Service type

Compensation

PACIFIC GLOBAL INVESTMENT MGMT4+ years

Service code 26 · EIN 95-4351611

Advisory (Participants)

$93,418

CHARLES SCHWAB & CO., INC.4+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$59,474

EQUIUS PARTNERS INC4+ years

Service code 26 · EIN 94-2927404

Advisory (Participants)

$22,205

SCHARF INVESTMENTS LLC4+ years

Service code 26 · EIN 26-3775085

Advisory (Participants)

$18,060

DESTINATION WEALTH MANAGEMENT4+ years

Service code 26 · EIN 56-2326959

Advisory (Participants)

$13,170

CHARLES SCHWAB & CO., INC.4+ years

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Float rev...

$12,582

PARK PIEDMONT ADVISORS LLC3 years

Service code 26 · EIN 06-1710971

Advisory (Participants)

$10,125

CAPITAL ADVANTAGE INC1 year

Service code 26 · EIN 94-3307876

Advisory (Participants)

$9,041

HARRY KEIR OXLEY DBA DOUBLE BA4+ years

Service code 26 · EIN 03-0450991

Advisory (Participants)

$7,321

MISSION WEALTH MANAGEMENT LP4+ years

Filed as: MISSION WEALTH MANAGEMENT LLC

Service code 26 · EIN 95-4783206

Advisory (Participants)

$7,110

BAY MEDICAL MANAGEMENT, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAY MEDICAL MANAGEMENT, LLC 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