Retirement plan

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

Name: SOUTH TEXAS ONCOLOGY & HEMATOLOGY, PLLC - SOUTH TEXAS ONCOLOGY & HEMATOLOGY, PLLC 401(K) & PS PLAN (2020) 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) & PS PLAN, SOUTH TEXAS ONCOLOGY & HEMATOLOGY, PLLC

SOUTH TEXAS ONCOLOGY & HEMATOLOGY, PLLCEIN 74-2915297Plan #001PY 2020

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

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$34.8M

+12.1% from 2019

Total participants

471

-1.5% from 2019

Average account balance

$112,675

+14.3% from 2019

Annual return

14.55%

-12.62 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSMUTUAL Service code 15 · EIN 04-1590850	Recordkeeping	$130,353
BDO USA, LLP6+ years Service code 10 · EIN 13-5381590	Accounting	$20,992
CONTINENTAL BENEFITS GROUP, INC.6+ years Service code 17 · EIN 01-0724493	Pension Consulting	$8,084
SOUTH COAST ASSUR CO3 years Service code 17 · EIN 27-0132234	Pension Consulting	$0

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

2 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.)

Expense breakdown

Schedule H Part II

Admin total

$168K

$431 / participant

Investment mgmt$168K100.0%

% of EOY assets

0.483%

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: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$112,675

$52,293+115.5%

$178,498-36.9%

$73,412+53.5%

Participation rate

58.5%

65.3%-6.9pp

81.9%-23.5pp

72.2%-13.7pp

Annual return

14.55%

34.75%-20.2pp

151.09%-136.5pp

59.30%-44.7pp

Employer contribution / active EE

$1,391

$1,735-19.9%

$5,011-72.2%

$2,234-37.7%

Participant deferral / active EE

$3,440

$2,332+47.5%

$5,202-33.9%

$3,806-9.6%

Admin fee / account holder

$544

$127+326.9%

$13,985-96.1%

$158+244.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSMUTUAL

Service code 15 · EIN 04-1590850

Recordkeeping

$130,353

BDO USA, LLP6+ years

Service code 10 · EIN 13-5381590

Accounting

$20,992

CONTINENTAL BENEFITS GROUP, INC.6+ years

Service code 17 · EIN 01-0724493

Pension Consulting

$8,084

SOUTH COAST ASSUR CO3 years

Service code 17 · EIN 27-0132234

Pension Consulting

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTH TEXAS ONCOLOGY & HEMATOLOGY, PLLC 401(K) & PS 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