Retirement plan

ORTHOARKANSAS, P. A. PROFIT SHARING PLAN AND TRUST

Name: ORTHOARKANSAS, P.A. - ORTHOARKANSAS, P. A. PROFIT SHARING PLAN AND TRUST (2022) 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 2022

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)

$52.9M

-11.5% from 2021

Total participants

456

+12.9% from 2021

Average account balance

$123,354

-20.5% from 2021

Annual return

-13.57%

-26.31 pp from 2021

Benchmarks

See 3,875 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,875 peers

Snapshot2022

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

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Service providers

Top 10 by compensation

Provider	Service type	Compensation
CORRELL CO.2 years Filed as: CORRELL CO Service code 64 · EIN 36-3492086	Recordkeeping Fees	$64,428
ADP BROKER-DEALER4 years Filed as: PENSION CONSULTANTS, INC. Service code 27 300 S CAMPBELL · SPRINGFIELD, MO 65806	Advisory (Plan)	$35,625
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES & ASSOCIATES Service code 27 12921 CANTRELL RD · LITTLE ROCK, AR 72223	Advisory (Plan)	$19,455
BAIRD FUNDS1 year Filed as: ROBERT BASS Service code 27 1 INFORMATION WAY · LITTLE ROCK, AR 72202	Advisory (Plan)	$17,335
AMERIPRISE FINANCIAL SERVICES INC1 year Filed as: AMERIPRISE FINANCIAL SERVICES, LLC Service code 27 709 LONG POINT RD · MT PLEASANT, SC 294648287	Advisory (Plan)	$16,938
JP MORGAN INVESTMENT MANAGEMENT INC1 year Filed as: LATHROP INVESTMENT MANAGEMENT Service code 27 #10 CORPORATE HILL DR · LITTLE ROCK, AR 722054561	Advisory (Plan)	$9,019
MAI CAPITAL MANAGEMENT, LLC1 year Filed as: MAI CAPITAL MANAGEMENT LLC Service code 27 6050 OAK TREE BLVD · INDEPENDENCE, OH 441316951	Advisory (Plan)	$8,345
CHARLIE HALL, SR1 year Filed as: CHARLIE AND ROVERT PORTER Service code 27 111 CENTER ST · LITTLE ROCK, AR 72201	Advisory (Plan)	$6,581
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MML INVESTORS SERVICES, LLC Service code 27 P O BOX 8099 · SPRINGFIELD, MA 011028099	Advisory (Plan)	$6,547
FROSTF, PLLC1 year Service code 10 · EIN 73-1413977	Accounting	$5,000

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

$196K

$679 / participant

Investment mgmt$127K64.6%
Other / not subdivided$69K35.4%

% of EOY assets

0.371%

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: FROST, PLLC
Auditor EIN: 731413977
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$123,354

$46,332+166.2%

$143,799-14.2%

$64,819+90.3%

Participation rate

90.7%

64.2%+26.4pp

80.3%+10.3pp

71.5%+19.2pp

Annual return

-13.57%

-10.05%-3.5pp

-0.04%-13.5pp

32.84%-46.4pp

Employer contribution / active EE

$6,163

$1,911+222.5%

$4,952+24.5%

$2,507+145.9%

Participant deferral / active EE

$3,802

$2,647+43.6%

$5,638-32.6%

$4,311-11.8%

Admin fee / account holder

$458

$154+197.4%

$14,677-96.9%

$188+143.6%

Provider

Service type

Compensation

CORRELL CO.2 years

Filed as: CORRELL CO

Service code 64 · EIN 36-3492086

Recordkeeping Fees

$64,428

ADP BROKER-DEALER4 years

Filed as: PENSION CONSULTANTS, INC.

Service code 27

300 S CAMPBELL · SPRINGFIELD, MO 65806

Advisory (Plan)

$35,625

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES & ASSOCIATES

Service code 27

12921 CANTRELL RD · LITTLE ROCK, AR 72223

Advisory (Plan)

$19,455

BAIRD FUNDS1 year

Filed as: ROBERT BASS

Service code 27

1 INFORMATION WAY · LITTLE ROCK, AR 72202

Advisory (Plan)

$17,335

AMERIPRISE FINANCIAL SERVICES INC1 year

Filed as: AMERIPRISE FINANCIAL SERVICES, LLC

Service code 27

709 LONG POINT RD · MT PLEASANT, SC 294648287

Advisory (Plan)

$16,938

JP MORGAN INVESTMENT MANAGEMENT INC1 year

Filed as: LATHROP INVESTMENT MANAGEMENT

Service code 27

#10 CORPORATE HILL DR · LITTLE ROCK, AR 722054561

Advisory (Plan)

$9,019

MAI CAPITAL MANAGEMENT, LLC1 year

Filed as: MAI CAPITAL MANAGEMENT LLC

Service code 27

6050 OAK TREE BLVD · INDEPENDENCE, OH 441316951

Advisory (Plan)

$8,345

CHARLIE HALL, SR1 year

Filed as: CHARLIE AND ROVERT PORTER

Service code 27

111 CENTER ST · LITTLE ROCK, AR 72201

Advisory (Plan)

$6,581

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MML INVESTORS SERVICES, LLC

Service code 27

P O BOX 8099 · SPRINGFIELD, MA 011028099

Advisory (Plan)

$6,547

FROSTF, PLLC1 year

Service code 10 · EIN 73-1413977

Accounting

$5,000

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