Retirement plan

HOUSTON EAR NOSE & THROAT CLINIC 401(K) PROFIT SHARING PLAN

Name: HOUSTON EAR, NOSE & THROAT CLINIC, LLP - HOUSTON EAR NOSE & THROAT CLINIC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: HOUSTON EAR, NOSE & THROAT CLINIC, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOUSTON EAR NOSE & THROAT CLINIC 401(K) PROFIT SHARING PLAN, HOUSTON EAR, NOSE & THROAT CLINIC, LLP

HOUSTON EAR, NOSE & THROAT CLINIC, LLPEIN 74-1195579Plan #002PY 2022

14140 SOUTHWEST FREEWAY, SUITE 200 - SUGARLAND, TX 77478281-649-7000LinkedIn1-10 employeeshospital & health care

Other plans on this EIN

1 filing

#004Retirement--

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$21.1M

-13.7% from 2021

Total participants

174

+27.0% from 2021

Average account balance

$123,473

-30.8% from 2021

Annual return

-12.59%

-26.42 pp from 2021

Benchmarks

See 5,354 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,354 peers

Snapshot2022

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$26.98M

Not enough data

1 years with asset history on file

Average account balance

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

$157K

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.

172

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.

97.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.72M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+12.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$496

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 7 by compensation

Provider	Service type	Compensation
LPL FINANCIAL6 years Filed as: LPL FINANCIAL LLC - RPCP Service code 27 · EIN 04-3046611	Advisory (Plan)	$33,953
ARMANINO LLP7 years Service code 10 · EIN 94-6214841	Accounting	$20,948
PRINCIPAL LIFE INSURANCE COMPANY8+ years Service code 13 · EIN 42-0127290	Contract Administrator	$17,475
NOVA 401(K) ASSOCIATES1 year Service code 13 · EIN 20-1181458	Contract Administrator	$12,055
ONEDIGITAL INVESTMENT ADVISORS LLC8+ years Filed as: KRAVITZ INC Service code 49	Other Services	$6,779
SOVERIGN WEALTH ADVISORS LLC1 year Service code 27 3120 SW FWY · HOUSTON, TX 77098	Advisory (Plan)	$6,630
ONEDIGITAL INVESTMENT ADVISORS LLC5 years Filed as: KRAVITZ, LLC Service code 13 · EIN 82-3719843	Contract Administrator	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3D3H

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.
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.
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$44K

$421 / participant

Investment mgmt$44K100.0%

% of EOY assets

0.207%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: ARMANINO LLP
Auditor EIN: 946214841
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$123,473

$65,061+89.8%

$143,757-14.1%

$66,914+84.5%

Participation rate

97.1%

65.2%+31.9pp

80.3%+16.8pp

69.8%+27.3pp

Annual return

-12.59%

-11.14%-1.5pp

-0.04%-12.5pp

1.58%-14.2pp

Employer contribution / active EE

$7,946

$2,361+236.6%

$4,951+60.5%

$2,544+212.3%

Participant deferral / active EE

$7,580

$2,919+159.7%

$5,637+34.5%

$4,237+78.9%

Admin fee / account holder

$256

$502-49.0%

$14,673-98.3%

$593-56.8%

Provider

Service type

Compensation

LPL FINANCIAL6 years

Filed as: LPL FINANCIAL LLC - RPCP

Service code 27 · EIN 04-3046611

Advisory (Plan)

$33,953

ARMANINO LLP7 years

Service code 10 · EIN 94-6214841

Accounting

$20,948

PRINCIPAL LIFE INSURANCE COMPANY8+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$17,475

NOVA 401(K) ASSOCIATES1 year

Service code 13 · EIN 20-1181458

Contract Administrator

$12,055

ONEDIGITAL INVESTMENT ADVISORS LLC8+ years

Filed as: KRAVITZ INC

Service code 49

Other Services

$6,779

SOVERIGN WEALTH ADVISORS LLC1 year

Service code 27

3120 SW FWY · HOUSTON, TX 77098

Advisory (Plan)

$6,630

ONEDIGITAL INVESTMENT ADVISORS LLC5 years

Filed as: KRAVITZ, LLC

Service code 13 · EIN 82-3719843

Contract Administrator

HOUSTON EAR NOSE & THROAT CLINIC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOUSTON EAR NOSE & THROAT CLINIC 401(K) PROFIT SHARING PLAN

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