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 (2023) 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 2023

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$23.6M

+12.0% from 2022

Total participants

169

-2.9% from 2022

Average account balance

$142,441

+15.4% from 2022

Annual return

15.72%

+28.31 pp from 2022

Benchmarks

See 5,703 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,703 peers

Snapshot2023

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

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
SOVERIGN WEALTH ADVISORS LLC2 years Service code 27 3120 SW FWY · HOUSTON, TX 77098	Advisory (Plan)	$40,000
ARMANINO LLP8 years Service code 10 · EIN 94-6214841 12657 ALCOSTA BLVD · SAN RAMON, CA 94583	Accounting	$26,250
FLEXPATH STRATEGIES, LLC1 year Filed as: FLEXPATH STRATEGIES LLC Service code 99 120 VANTIS · ALISO VIEJO, CA 92656	Other Fees	$11,083
NOVA 401(K) ASSOCIATES2 years Service code 13 10777 NORTHWEST FREEWAY · HOUSTON, TX 77092	Contract Administrator	$6,695

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

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

$77K

$733 / participant

Recordkeeping$75K97.6%
Contract admin$2K2.4%

% of EOY assets

0.326%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$142,441

$61,391+132.0%

$149,723-4.9%

$71,529+99.1%

Participation rate

97.1%

62.5%+34.6pp

78.8%+18.4pp

67.9%+29.2pp

Annual return

15.72%

35.88%-20.2pp

134.50%-118.8pp

28.97%-13.2pp

Employer contribution / active EE

$7,075

$2,384+196.8%

$4,821+46.7%

$2,590+173.2%

Participant deferral / active EE

$7,886

$2,921+170.0%

$5,682+38.8%

$4,291+83.8%

Admin fee / account holder

$464

$1,264-63.3%

$13,215-96.5%

$1,588-70.8%

Provider

Service type

Compensation

SOVERIGN WEALTH ADVISORS LLC2 years

Service code 27

3120 SW FWY · HOUSTON, TX 77098

Advisory (Plan)

$40,000

ARMANINO LLP8 years

Service code 10 · EIN 94-6214841

12657 ALCOSTA BLVD · SAN RAMON, CA 94583

Accounting

$26,250

FLEXPATH STRATEGIES, LLC1 year

Filed as: FLEXPATH STRATEGIES LLC

Service code 99

120 VANTIS · ALISO VIEJO, CA 92656

Other Fees

$11,083

NOVA 401(K) ASSOCIATES2 years

Service code 13

10777 NORTHWEST FREEWAY · HOUSTON, TX 77092

Contract Administrator

$6,695

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