Retirement plan

PREMIER MEDICAL GROUP,INC. 401(K) PROFIT SHARING PLAN AND TRUST

Name: PREMIER MEDICAL GROUP, INC. - PREMIER MEDICAL GROUP,INC. 401(K) PROFIT SHARING PLAN AND TRUST (2015) Form 5500
Creator: PREMIER MEDICAL GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PREMIER MEDICAL GROUP,INC. 401(K) PROFIT SHARING PLAN AND TRUST, PREMIER MEDICAL GROUP, INC.

PREMIER MEDICAL GROUP, INC.EIN 72-1356450Plan #001PY 2015

3701 DAUPHIN STREET - MOBILE, AL 36608251-341-3405LinkedIn1-10 employees

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$48.2M

No prior year

Total participants

416

No prior year

Average account balance

$116,064

No prior year

Annual return

0.91%

No prior year

Benchmarks

See 3,168 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,168 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$83.25M

Not enough data

1 years with asset history on file

Average account balance

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

$272K

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.

306

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.

87.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.78M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+21.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$470

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 4 by compensation

Provider	Service type	Compensation
TRUSTMARK NATIONAL BANK1+ years Service code 15 · EIN 64-0180810	Recordkeeping	$110,747
HAYEK KALLEN INVESTMENT MANAGE1+ years Filed as: HAYEK KALLEN Service code 26 · EIN 63-1215730	Advisory (Participants)	$15,328
NEWPORT GROUP, INC.1+ years Filed as: NEWPORT GROUP Service code 15 · EIN 27-2037969	Recordkeeping	$13,742
LEGG MASON1+ years Service code 26 100 INTERNATIONAL DR. · BALTIMORE, MD 21202	Advisory (Participants)	$11,231

Plan features & details

Pension benefit codes2A2E2G2J

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.

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

$182K

$637 / participant

Investment mgmt$15K8.3%
Contract admin$167K91.7%

% of EOY assets

0.377%

all-in expense ratio

Categories reported

2 / 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: SMITH DUKES & BUCKALEW
Auditor EIN: 630191630
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$116,064

$37,117+212.7%

$147,617-21.4%

$55,191+110.3%

Participation rate

99.6%

63.6%+36.0pp

84.6%+15.0pp

69.2%+30.5pp

Annual return

0.91%

3.44%-2.5pp

61.98%-61.1pp

10.78%-9.9pp

Employer contribution / active EE

$4,879

$1,620+201.1%

$5,564-12.3%

$1,899+157.0%

Participant deferral / active EE

$2,328

$1,985+17.2%

$4,895-52.5%

$3,046-23.6%

Admin fee / account holder

$437

$86+411.2%

$11,612-96.2%

$91+381.9%

Provider

Service type

Compensation

TRUSTMARK NATIONAL BANK1+ years

Service code 15 · EIN 64-0180810

Recordkeeping

$110,747

HAYEK KALLEN INVESTMENT MANAGE1+ years

Filed as: HAYEK KALLEN

Service code 26 · EIN 63-1215730

Advisory (Participants)

$15,328

NEWPORT GROUP, INC.1+ years

Filed as: NEWPORT GROUP

Service code 15 · EIN 27-2037969

Recordkeeping

$13,742

LEGG MASON1+ years

Service code 26

100 INTERNATIONAL DR. · BALTIMORE, MD 21202

Advisory (Participants)

$11,231

PREMIER MEDICAL GROUP,INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PREMIER MEDICAL GROUP,INC. 401(K) 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