Retirement plan

ORTHOARKANSAS, P. A. PROFIT SHARING PLAN AND TRUST

Name: ORTHOARKANSAS, P.A. - ORTHOARKANSAS, P. A. PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: ORTHOARKANSAS, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORTHOARKANSAS, P. A. PROFIT SHARING PLAN AND TRUST, ORTHOARKANSAS, P.A.

ORTHOARKANSAS, P.A.EIN 71-0485626Plan #001PY 2020

800 FAIR PARK BLVD - LITTLE ROCK, AR 72204501-500-3500orthoarkansas.comLinkedIn201-500 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$52.7M

+3.3% from 2019

Total participants

433

+8.5% from 2019

Average account balance

$129,419

+1.2% from 2019

Annual return

11.74%

-8.48 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$61.07M

Not enough data

1 years with asset history on file

Average account balance

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

$114K

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.

537

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.

88.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.92M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+12.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$168

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 3 by compensation

Provider	Service type	Compensation
HOGANTAYLOR LLP1 year Filed as: HOGAN TAYLOR LLP Service code 10 11300 CANTRELL RD · LITTLE ROCK, AR 72212	Accounting	$76,600
ADP BROKER-DEALER2 years Filed as: PENSION CONSULTANTS, INC. Service code 27 300 S CAMPBELL · SPRINGFIELD, MO 65806	Advisory (Plan)	$55,662
OVERBEY GRAHAM STRIEGEL & WESTBROOK1 year Filed as: OVERBEY, STRIGEL, BOYD & WESTBROOK, Service code 17 10809 EXECUTIVE CENTER DR · LITTLE ROCK, AR 72211	Pension Consulting	$6,343

Plan features & details

Pension benefit codes2A2E2G2J3D

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.
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.
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

$296K

$1075 / participant

Other / not subdivided$296K100.0%

% of EOY assets

0.561%

all-in expense ratio

Categories reported

0 / 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: HOGANTAYLOR LLP
Auditor EIN: 731413977
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$129,419

$52,293+147.5%

$178,499-27.5%

$73,412+76.3%

Participation rate

90.5%

65.3%+25.2pp

81.9%+8.6pp

72.2%+18.4pp

Annual return

11.74%

34.75%-23.0pp

151.10%-139.4pp

59.30%-47.6pp

Employer contribution / active EE

$6,027

$1,735+247.3%

$5,011+20.3%

$2,234+169.8%

Participant deferral / active EE

$3,847

$2,332+65.0%

$5,202-26.0%

$3,806+1.1%

Admin fee / account holder

$726

$127+470.4%

$13,986-94.8%

$158+360.1%

Provider

Service type

Compensation

HOGANTAYLOR LLP1 year

Filed as: HOGAN TAYLOR LLP

Service code 10

11300 CANTRELL RD · LITTLE ROCK, AR 72212

Accounting

$76,600

ADP BROKER-DEALER2 years

Filed as: PENSION CONSULTANTS, INC.

Service code 27

300 S CAMPBELL · SPRINGFIELD, MO 65806

Advisory (Plan)

$55,662

OVERBEY GRAHAM STRIEGEL & WESTBROOK1 year

Filed as: OVERBEY, STRIGEL, BOYD & WESTBROOK,

Service code 17

10809 EXECUTIVE CENTER DR · LITTLE ROCK, AR 72211

Pension Consulting

$6,343

ORTHOARKANSAS, P. A. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORTHOARKANSAS, P. A. PROFIT SHARING PLAN AND TRUST

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