Retirement plan

HILLCROFT MEDICAL CLINIC ASSOCIATION 401(K) PLAN

Name: HILLCROFT MEDICAL CLINIC ASSOCIATION - HILLCROFT MEDICAL CLINIC ASSOCIATION 401(K) PLAN (2016) Form 5500
Creator: HILLCROFT MEDICAL CLINIC ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HILLCROFT MEDICAL CLINIC ASSOCIATION 401(K) PLAN, HILLCROFT MEDICAL CLINIC ASSOCIATION

HILLCROFT MEDICAL CLINIC ASSOCIATIONEIN 74-1700061Plan #002PY 2016

1429 HIGHWAY 6 SOUTH - SUGAR LAND, TX 77478713-781-4600hmcdoctors.comLinkedIn201-500 employeesmedical practice

Prospect flagsHigh cash

How to read this page

Total assets (EOY)

$13.2M

+4.7% from 2015

Total participants

279

-6.4% from 2015

Average account balance

$50,372

+1.9% from 2015

Annual return

6.62%

+5.27 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.69M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

413

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.06M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+16.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12

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 3 by compensation

Provider	Service type	Compensation
LOREN D. STARK COMPANY1 year Filed as: LOREN D. STARK COMPANY, INC. Service code 13 10750 ROCKLEY RD · HOUSTON, TX 774783672	Contract Administrator	$1,570
AMERICAN FUNDS1 year Filed as: CAPITAL RESEARCH&MANAGEMENT CO, INC Service code 64 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$550
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO CLEARING SERVICES LLC Service code 55 77 SUGAR CREEK CENTER BLVD STE. 100 · SUGAR LAND, TX 77478	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.
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 cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$310

$1 / participant

Contract admin$310100.0%

% of EOY assets

0.002%

all-in expense ratio

Categories reported

1 / 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: HARPER & PEARSON
Auditor EIN: 741695589
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,372

$46,732+7.8%

$156,551-67.8%

$55,167-8.7%

Participation rate

92.1%

65.8%+26.3pp

84.0%+8.1pp

69.0%+23.1pp

Annual return

6.62%

17.72%-11.1pp

32.23%-25.6pp

169.23%-162.6pp

Employer contribution / active EE

$1,303

$2,105-38.1%

$5,501-76.3%

$1,963-33.6%

Participant deferral / active EE

$2,173

$2,204-1.4%

$4,871-55.4%

$3,054-28.9%

Admin fee / account holder

$418-99.7%

$13,028-100.0%

$504-99.8%

Provider

Service type

Compensation

LOREN D. STARK COMPANY1 year

Filed as: LOREN D. STARK COMPANY, INC.

Service code 13

10750 ROCKLEY RD · HOUSTON, TX 774783672

Contract Administrator

$1,570

AMERICAN FUNDS1 year

Filed as: CAPITAL RESEARCH&MANAGEMENT CO, INC

Service code 64

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$550

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO CLEARING SERVICES LLC

Service code 55

77 SUGAR CREEK CENTER BLVD STE. 100 · SUGAR LAND, TX 77478

Other Commissions

HILLCROFT MEDICAL CLINIC ASSOCIATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HILLCROFT MEDICAL CLINIC ASSOCIATION 401(K) 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