Retirement plan

ORTHOPAEDIC AND SPORTS MEDICINE CENTER - NORMAN, P. C. 401(K) AND PROFIT SHARING PLAN

Name: ORTHOPAEDIC AND SPORTS MEDICINE CENTER - NORMAN, P - ORTHOPAEDIC AND SPORTS MEDICINE CENTER - NORMAN, P. C. 401(K) AND PROFIT SHARING PLAN (2023) Form 5500
Creator: ORTHOPAEDIC AND SPORTS MEDICINE CENTER - NORMAN, P
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORTHOPAEDIC AND SPORTS MEDICINE CENTER - NORMAN, P. C. 401(K) AND PROFIT SHARING PLAN, ORTHOPAEDIC AND SPORTS MEDICINE CENTER - NORMAN, P

ORTHOPAEDIC AND SPORTS MEDICINE CENTER - NORMAN, PEIN 73-0956029Plan #001PY 2023

825 EAST ROBINSON STREET - NORMAN, OK 73071405-364-7900LinkedIn51-200 employeesmedical practice

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed October 24, 2019

Plan administrator

Plan administrator name— Sign in and upgrade to view

825 E Robinson

Norman, OK 73071

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Plans declared (1)

Orthopaedic and Sports Medicine Center4 emp

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Total assets (EOY)

$6.1M

+8.7% from 2022

Total participants

147

+7.3% from 2022

Average account balance

$42,800

+0.3% from 2022

Annual return

14.50%

+30.38 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.43M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

128

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.

83.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$486K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$118

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 2 by compensation

Provider	Service type	Compensation
CADENT CAPITAL ADVISORS LLC5 years Service code 27 · EIN 45-4339378	Advisory (Plan)	$14,617
FIDELITY INVESTMENTS INSTITUTIONAL5 years Service code 37 · EIN 04-2647786	Loan Processing	$1,412

Plan features & details

Pension benefit codes2E2F2J2K3H3D2R

Plan features

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).
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$16K

$214 / participant

Recordkeeping$1K8.7%
Investment mgmt$15K91.3%

% of EOY assets

0.262%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,800

$77,908-45.1%

$149,696-71.4%

$75,173-43.1%

Participation rate

94.7%

65.6%+29.1pp

78.8%+15.9pp

67.2%+27.5pp

Annual return

14.50%

31.73%-17.2pp

134.46%-120.0pp

160.72%-146.2pp

Employer contribution / active EE

$2,336

$3,138-25.6%

$4,821-51.6%

$2,671-12.6%

Participant deferral / active EE

$4,327

$3,411+26.8%

$5,682-23.9%

$4,126+4.9%

Admin fee / account holder

$112

$5,950-98.1%

$13,212-99.2%

$5,651-98.0%

Provider

Service type

Compensation

CADENT CAPITAL ADVISORS LLC5 years

Service code 27 · EIN 45-4339378

Advisory (Plan)

$14,617

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Service code 37 · EIN 04-2647786

Loan Processing

$1,412

ORTHOPAEDIC AND SPORTS MEDICINE CENTER - NORMAN, P. C. 401(K) AND PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORTHOPAEDIC AND SPORTS MEDICINE CENTER - NORMAN, P. C. 401(K) AND PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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