Retirement plan

SONTERRA MEDICAL MANAGEMENT GROUP PROFIT SHARING 401K PLAN

Name: SONTERRA MEDICAL MANAGEMENT GROUP, INC. - SONTERRA MEDICAL MANAGEMENT GROUP PROFIT SHARING 401K PLAN (2024) Form 5500
Creator: SONTERRA MEDICAL MANAGEMENT GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SONTERRA MEDICAL MANAGEMENT GROUP PROFIT SHARING 401K PLAN, SONTERRA MEDICAL MANAGEMENT GROUP, INC.

SONTERRA MEDICAL MANAGEMENT GROUP, INC.EIN 74-3006020Plan #001PY 2024

400 CONCORD PLAZA DRIVE, SUITE 300 - SAN ANTONIO, TX 78216210-804-5402LinkedIn501-1000 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$59.5M

+13.7% from 2023

Total participants

650

+4.2% from 2023

Average account balance

$92,157

+8.7% from 2023

Annual return

12.85%

-4.29 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$59.53M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

646

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.

99.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.78M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$497

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 10 of 11 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO5 years Filed as: ONEAMERICA RETIREMENT SERVICES Service code 15 · EIN 46-5378846	Recordkeeping	$94,213
SYMMETRY PARTNERS, LLC2 years Filed as: SYMMETRY FINANCIAL Service code 27 204 WHITSON AVENUE · SWANNANOA, NC 28778	Advisory (Plan)	$72,756
MERRILL LYNCH PIERCE FENNER & SMITH9 years Filed as: MERRILL LYNCH Service code 27 45 E WASHINGTON STREET · CHAGRIN FALLS, OH 44022	Advisory (Plan)	$38,281
MORGAN STANLEY SMITH BARNEY7 years Filed as: MORGAN STANLEY DEAN WITTER Service code 27 700 NORTH SAINT MARY'S STREET · SAN ANTONIO, TX 78205	Advisory (Plan)	$28,013
MORGAN STANLEY SMITH BARNEY7 years Filed as: MORGAN STANLEY WEALTH MANAGEMENT Service code 27 112 EAST PECAN STREET · SAN ANTONIO, TX 78205	Advisory (Plan)	$22,788
LEAFHOUSE FINANCIAL ADVISORS, LLC8 years Filed as: LEAFHOUSE FINANCIAL ADVISORS Service code 27 6011 WEST COURTYARD DRIVE · AUSTIN, TX 78730	Advisory (Plan)	$18,189
ROCKEFELLER FINANCIAL LLC4 years Filed as: ROCKEFELLER CAPITAL MANAGEMENT Service code 27 300 CRESCENT COURT · DALLAS, TX 75201	Advisory (Plan)	$13,714
MORGAN STANLEY SMITH BARNEY3 years Filed as: MORGAN STANLEY Service code 27 112 EAST PECAN STREET · SAN ANTONIO, TX 78205	Advisory (Plan)	$12,332
NORTHWESTERN MUTUAL INVESTMENT SERV3 years Filed as: NORTHWESTERN MUTUAL Service code 27 601 UNION STREET · SEATTLE, WA 98101	Advisory (Plan)	$8,625
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: THE FARRIS GROUP/FIDELITY Service code 27 7557 RAMBLER ROAD · DALLAS, TX 75231	Advisory (Plan)	$5,903

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2S2T3B3D3H

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

$321K

$661 / participant

Investment mgmt$216K67.4%
Contract admin$94K29.3%
Other / not subdivided$11K3.3%

% of EOY assets

0.539%

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: HAYNIE & COMPANY
Auditor EIN: 870325228
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,157

$50,902+81.0%

$155,534-40.7%

$77,736+18.6%

Participation rate

99.2%

63.1%+36.1pp

78.2%+21.0pp

70.6%+28.6pp

Annual return

12.85%

34.85%-22.0pp

64.92%-52.1pp

31.26%-18.4pp

Employer contribution / active EE

$4,988

$1,991+150.5%

$4,675+6.7%

$2,728+82.9%

Participant deferral / active EE

$4,857

$2,824+72.0%

$5,630-13.7%

$4,651+4.4%

Admin fee / account holder

$497

$437+13.7%

$15,900-96.9%

$433+14.7%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO5 years

Filed as: ONEAMERICA RETIREMENT SERVICES

Service code 15 · EIN 46-5378846

Recordkeeping

$94,213

SYMMETRY PARTNERS, LLC2 years

Filed as: SYMMETRY FINANCIAL

Service code 27

204 WHITSON AVENUE · SWANNANOA, NC 28778

Advisory (Plan)

$72,756

MERRILL LYNCH PIERCE FENNER & SMITH9 years

Filed as: MERRILL LYNCH

Service code 27

45 E WASHINGTON STREET · CHAGRIN FALLS, OH 44022

Advisory (Plan)

$38,281

MORGAN STANLEY SMITH BARNEY7 years

Filed as: MORGAN STANLEY DEAN WITTER

Service code 27

700 NORTH SAINT MARY'S STREET · SAN ANTONIO, TX 78205

Advisory (Plan)

$28,013

MORGAN STANLEY SMITH BARNEY7 years

Filed as: MORGAN STANLEY WEALTH MANAGEMENT

Service code 27

112 EAST PECAN STREET · SAN ANTONIO, TX 78205

Advisory (Plan)

$22,788

LEAFHOUSE FINANCIAL ADVISORS, LLC8 years

Filed as: LEAFHOUSE FINANCIAL ADVISORS

Service code 27

6011 WEST COURTYARD DRIVE · AUSTIN, TX 78730

Advisory (Plan)

$18,189

ROCKEFELLER FINANCIAL LLC4 years

Filed as: ROCKEFELLER CAPITAL MANAGEMENT

Service code 27

300 CRESCENT COURT · DALLAS, TX 75201

Advisory (Plan)

$13,714

MORGAN STANLEY SMITH BARNEY3 years

Filed as: MORGAN STANLEY

Service code 27

112 EAST PECAN STREET · SAN ANTONIO, TX 78205

Advisory (Plan)

$12,332

NORTHWESTERN MUTUAL INVESTMENT SERV3 years

Filed as: NORTHWESTERN MUTUAL

Service code 27

601 UNION STREET · SEATTLE, WA 98101

Advisory (Plan)

$8,625

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: THE FARRIS GROUP/FIDELITY

Service code 27

7557 RAMBLER ROAD · DALLAS, TX 75231

Advisory (Plan)

$5,903

SONTERRA MEDICAL MANAGEMENT GROUP PROFIT SHARING 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SONTERRA MEDICAL MANAGEMENT GROUP PROFIT SHARING 401K 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