Retirement plan

SOUTH TEXAS ONCOLOGY & HEMATOLOGY, PLLC 401(K) PROFIT SHARING PLAN

Name: SOUTH TEXAS ONCOLOGY & HEMATOLOGY, PLLC - SOUTH TEXAS ONCOLOGY & HEMATOLOGY, PLLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: SOUTH TEXAS ONCOLOGY & HEMATOLOGY, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTH TEXAS ONCOLOGY & HEMATOLOGY, PLLC 401(K) PROFIT SHARING PLAN, SOUTH TEXAS ONCOLOGY & HEMATOLOGY, PLLC

SOUTH TEXAS ONCOLOGY & HEMATOLOGY, PLLCEIN 74-2915297Plan #001PY 2024

4383 MEDICAL DRIVE, SUITE 4066 - SAN ANTONIO, TX 78229210-593-5721startclinical.comLinkedIn201-500 employeesmedical practice

Prospect flagsHigh feesLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$45.1M

+2.0% from 2023

Total participants

471

-18.7% from 2023

Average account balance

$131,469

+2.6% from 2023

Annual return

14.15%

-2.12 pp from 2023

Benchmarks

See 4,134 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,134 peers

Snapshot2024

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$45.09M

Not enough data

1 years with asset history on file

Average account balance

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

$131K

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.

343

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.

60.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.37M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$474

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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
COMMONWEALTH TPA SOLUTIONS3 years Filed as: COMMONWEALTH TPA SOLUTIONS, LLC Service code 13	Contract Administrator	$16,837
COMMONWEALTH TPA SOLUTIONS2 years Service code 13 8 COMMONWEALTH DRIVE · MEDFORD, NJ 08055	Contract Administrator	$13,407
KELLI JEAN DAVIS1 year Filed as: KELLI BLOUNT FALK DBA KBFALK PPC Service code 99 20770 HWY 281 N. STE 108-148 · SAN ANTONIO, TX 78258	Other Fees	$6,000
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INS. COMPANY OF AM. Service code 64 8515 EAST OARCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$5,401

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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.
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.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$163K

$502 / participant

Investment mgmt$163K100.0%

% of EOY assets

0.361%

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: KBFALK, PLLC
Auditor EIN: 823097971
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$131,469

$50,820+158.7%

$155,567-15.5%

$77,671+69.3%

Participation rate

60.5%

63.1%-2.6pp

78.2%-17.7pp

70.6%-10.1pp

Annual return

14.15%

34.85%-20.7pp

64.74%-50.6pp

31.21%-17.1pp

Employer contribution / active EE

$1,953

$1,993-2.0%

$4,674-58.2%

$2,726-28.4%

Participant deferral / active EE

$5,371

$2,823+90.3%

$5,628-4.6%

$4,648+15.6%

Admin fee / account holder

$474

$436+8.7%

$15,916-97.0%

$430+10.1%

Provider

Service type

Compensation

COMMONWEALTH TPA SOLUTIONS3 years

Filed as: COMMONWEALTH TPA SOLUTIONS, LLC

Service code 13

Contract Administrator

$16,837

COMMONWEALTH TPA SOLUTIONS2 years

Service code 13

8 COMMONWEALTH DRIVE · MEDFORD, NJ 08055

Contract Administrator

$13,407

KELLI JEAN DAVIS1 year

Filed as: KELLI BLOUNT FALK DBA KBFALK PPC

Service code 99

20770 HWY 281 N. STE 108-148 · SAN ANTONIO, TX 78258

Other Fees

$6,000

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INS. COMPANY OF AM.

Service code 64

8515 EAST OARCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$5,401

SOUTH TEXAS ONCOLOGY & HEMATOLOGY, PLLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTH TEXAS ONCOLOGY & HEMATOLOGY, PLLC 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