Retirement plan

ORTHOARKANSAS, P. A. PROFIT SHARING PLAN AND TRUST

Name: ORTHOARKANSAS, P.A. - ORTHOARKANSAS, P. A. PROFIT SHARING PLAN AND TRUST (2023) 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 2023

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)

$59.1M

+11.7% from 2022

Total participants

496

+8.8% from 2022

Average account balance

$129,881

+5.3% from 2022

Annual return

15.55%

+29.12 pp from 2022

Benchmarks

See 4,041 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,041 peers

Snapshot2023

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 9 by compensation

Provider	Service type	Compensation
CORRELL CO.3 years Filed as: CORRELL CO Service code 64 · EIN 36-3492086	Recordkeeping Fees	$69,150
ADP BROKER-DEALER5 years Filed as: PENSION CONSULTANTS, INC. Service code 27 300 S CAMPBELL · SPRINGFIELD, MO 65806	Advisory (Plan)	$25,000
AMERIPRISE FINANCIAL SERVICES INC2 years Filed as: AMERIPRISE FINANCIAL SERVICES, LLC Service code 27 709 LONG POINT RD · MT PLEASANT, SC 294648287	Advisory (Plan)	$19,011
BAIRD FUNDS2 years Filed as: ROBERT BASS Service code 27 1 INFORMATION WAY · LITTLE ROCK, AR 72202	Advisory (Plan)	$17,334
FROSTF, PLLC2 years Service code 10 · EIN 73-1413977	Accounting	$11,000
JP MORGAN INVESTMENT MANAGEMENT INC2 years Filed as: LATHROP INVESTMENT MANAGEMENT Service code 27 #10 CORPORATE HILL DR · LITTLE ROCK, AR 72205	Advisory (Plan)	$9,404
RAYMOND JAMES FINANCIAL SERVICES2 years Filed as: RAYMOND JAMES & ASSOCIATES Service code 27 12921 CANTRELL RD · LITTLE ROCK, AR 72223	Advisory (Plan)	$8,532
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MML INVESTORS SERVICES, LLC Service code 27 P O BOX 8099 · SPRINGFIELD, MA 011028099	Advisory (Plan)	$7,059
MAI CAPITAL MANAGEMENT, LLC2 years Filed as: MAI CAPITAL MANAGEMENT LLC Service code 27 6050 OAK TREE BLVD · INDEPENDENCE, OH 441316951	Advisory (Plan)	$6,912

Plan features & details

Pension benefit codes2A2E2G2J3D3H

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.
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

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

$181K

$604 / participant

Recordkeeping$69K38.1%
Trustee / custodial$76K42.0%
Investment mgmt$25K13.8%
Other / not subdivided$11K6.1%

% of EOY assets

0.307%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FROST, PLLC
Auditor EIN: 731413977
Audit fees: $11,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$129,881

$47,135+175.6%

$149,717-13.2%

$74,440+74.5%

Participation rate

86.3%

63.4%+22.9pp

78.8%+7.6pp

70.7%+15.6pp

Annual return

15.55%

22.75%-7.2pp

134.41%-118.9pp

34.37%-18.8pp

Employer contribution / active EE

$7,140

$1,906+274.7%

$4,820+48.1%

$2,638+170.7%

Participant deferral / active EE

$4,253

$2,728+55.9%

$5,682-25.1%

$4,529-6.1%

Admin fee / account holder

$398

$343+16.2%

$13,213-97.0%

$348+14.6%

Provider

Service type

Compensation

CORRELL CO.3 years

Filed as: CORRELL CO

Service code 64 · EIN 36-3492086

Recordkeeping Fees

$69,150

ADP BROKER-DEALER5 years

Filed as: PENSION CONSULTANTS, INC.

Service code 27

300 S CAMPBELL · SPRINGFIELD, MO 65806

Advisory (Plan)

$25,000

AMERIPRISE FINANCIAL SERVICES INC2 years

Filed as: AMERIPRISE FINANCIAL SERVICES, LLC

Service code 27

709 LONG POINT RD · MT PLEASANT, SC 294648287

Advisory (Plan)

$19,011

BAIRD FUNDS2 years

Filed as: ROBERT BASS

Service code 27

1 INFORMATION WAY · LITTLE ROCK, AR 72202

Advisory (Plan)

$17,334

FROSTF, PLLC2 years

Service code 10 · EIN 73-1413977

Accounting

$11,000

JP MORGAN INVESTMENT MANAGEMENT INC2 years

Filed as: LATHROP INVESTMENT MANAGEMENT

Service code 27

#10 CORPORATE HILL DR · LITTLE ROCK, AR 72205

Advisory (Plan)

$9,404

RAYMOND JAMES FINANCIAL SERVICES2 years

Filed as: RAYMOND JAMES & ASSOCIATES

Service code 27

12921 CANTRELL RD · LITTLE ROCK, AR 72223

Advisory (Plan)

$8,532

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MML INVESTORS SERVICES, LLC

Service code 27

P O BOX 8099 · SPRINGFIELD, MA 011028099

Advisory (Plan)

$7,059

MAI CAPITAL MANAGEMENT, LLC2 years

Filed as: MAI CAPITAL MANAGEMENT LLC

Service code 27

6050 OAK TREE BLVD · INDEPENDENCE, OH 441316951

Advisory (Plan)

$6,912

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