Retirement plan

SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF DIGESTIVE DISEASE SPECIALISTS, INC.

Name: DIGESTIVE DISEASE SPECIALISTS, INC. - SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF DIGESTIVE DISEASE SPECIALISTS, INC. (2017) Form 5500
Creator: DIGESTIVE DISEASE SPECIALISTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF DIGESTIVE DISEASE SPECIALISTS, INC., DIGESTIVE DISEASE SPECIALISTS, INC.

DIGESTIVE DISEASE SPECIALISTS, INC.EIN 73-1121127Plan #003PY 2017

5015 N PENNSYLVANIA AVE, SUITE 100 - OKLAHOMA CITY, OK 73112405-370-7753LinkedIn11-50 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$20.5M

+11.7% from 2016

Total participants

238

-1.2% from 2016

Average account balance

$86,904

+13.6% from 2016

Annual return

17.13%

+12.34 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$41.72M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

312

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+20.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$491

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
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA FINANCIAL Service code 28 5707 SOUTHWEST PKWY BLDG 2 STE 400 · AUSTIN, TX 78735	Investment Management	$46,289
MERRILL LYNCH PIERCE FENNER & SMITH3+ years Filed as: MERRILL LYNCH Service code 28 · EIN 13-2740599	Investment Management	$10,247
RETIREMENT INVESTMENT ADVISORS LLC2 years Filed as: RETIREMENT INVESTMENT ADVISORS, INC Service code 28 3001 UNITED FOUNDERS BLVD · OKLAHOMA CITY, OK 73112	Investment Management	$8,487
TD AMERITRADE, INC.1 year Filed as: TD AMERITRADE Service code 28 · EIN 47-0533629	Investment Management	$5,842

Plan features & details

Pension benefit codes2E2F2G2H2J2R3D

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).
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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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.

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

$79K

$484 / participant

Investment mgmt$79K100.0%

% of EOY assets

0.387%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FINLEY & COOK, PLLC
Auditor EIN: 730604334
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$86,904

$55,453+56.7%

$170,435-49.0%

$62,293+39.5%

Participation rate

98.8%

66.4%+32.4pp

83.6%+15.2pp

69.5%+29.3pp

Annual return

17.13%

21.38%-4.2pp

205.94%-188.8pp

28.90%-11.8pp

Employer contribution / active EE

$5,416

$2,164+150.3%

$5,432-0.3%

$2,042+165.2%

Participant deferral / active EE

$3,458

$2,303+50.2%

$4,939-30.0%

$3,169+9.1%

Admin fee / account holder

$336

$455-26.2%

$13,881-97.6%

$479-29.9%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA FINANCIAL

Service code 28

5707 SOUTHWEST PKWY BLDG 2 STE 400 · AUSTIN, TX 78735

Investment Management

$46,289

MERRILL LYNCH PIERCE FENNER & SMITH3+ years

Filed as: MERRILL LYNCH

Service code 28 · EIN 13-2740599

Investment Management

$10,247

RETIREMENT INVESTMENT ADVISORS LLC2 years

Filed as: RETIREMENT INVESTMENT ADVISORS, INC

Service code 28

3001 UNITED FOUNDERS BLVD · OKLAHOMA CITY, OK 73112

Investment Management

$8,487

TD AMERITRADE, INC.1 year

Filed as: TD AMERITRADE

Service code 28 · EIN 47-0533629

Investment Management

$5,842

SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF DIGESTIVE DISEASE SPECIALISTS, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SAVINGS INCENTIVE AND PROFIT SHARING PLAN FOR EMPLOYEES OF DIGESTIVE DISEASE SPECIALISTS, INC.

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