Retirement plan

TRAVIS COUNTY MEDICAL SOCIETY'S 401(K) SAVINGS PLAN

Name: TRAVIS COUNTY MEDICAL SOCIETY - TRAVIS COUNTY MEDICAL SOCIETY'S 401(K) SAVINGS PLAN (2024) Form 5500
Creator: TRAVIS COUNTY MEDICAL SOCIETY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRAVIS COUNTY MEDICAL SOCIETY'S 401(K) SAVINGS PLAN, TRAVIS COUNTY MEDICAL SOCIETY

TRAVIS COUNTY MEDICAL SOCIETYEIN 74-6017762Plan #001PY 2024

4300 NORTH LAMAR BLVD. - AUSTIN, TX 78756512-206-1249tcms.comLinkedIn11-50 employeeshospital & health care

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$21.4M

+12.8% from 2023

Total participants

272

+16.7% from 2023

Average account balance

$79,789

-1.9% from 2023

Annual return

12.59%

-4.31 pp from 2023

Benchmarks

See 2,051 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,051 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.38M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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.

268

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.

98.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.82M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$229

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
NFP RETIREMENT INC1 year Filed as: NFP RETIREMENT INC. Service code 27 120 VANTIS · ALISO VIEJO, CA 92656	Advisory (Plan)	$22,500
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$15,419
ATCHLEY & ASSOCIATES2 years Filed as: ATCHLEY & ASSOCIATES LLP Service code 10 6850 AUSTIN CENTER BLVD · AUSTIN, TX 78731	Accounting	$13,153
NOVA 401(K) ASSOCIATES3 years Service code 13 10777 NORTHWEST FREEWAY · HOUSTON, TX 77092	Contract Administrator	$8,460

Plan features & details

Pension benefit codes2E2F2G2J2S2T2X3D3F3H

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.
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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$61K

$301 / participant

Recordkeeping$15K25.1%
Investment mgmt$24K39.7%
Contract admin$8K13.8%
Other / not subdivided$13K21.4%

% of EOY assets

0.287%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ATCHLEY & ASSOCIATES, LLP
Auditor EIN: 742920819
Audit fees: $13,154
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,789

$60,504+31.9%

$81,882-2.6%

$74,478+7.1%

Participation rate

98.0%

62.9%+35.1pp

72.4%+25.7pp

67.2%+30.8pp

Annual return

12.59%

16.91%-4.3pp

779.47%-766.9pp

1370.56%-1358.0pp

Employer contribution / active EE

$4,604

$2,627+75.3%

$2,916+57.9%

$2,626+75.3%

Participant deferral / active EE

$4,298

$3,400+26.4%

$4,323-0.6%

$4,350-1.2%

Admin fee / account holder

$229

$1,492-84.6%

$7,360-96.9%

$1,946-88.2%

Provider

Service type

Compensation

NFP RETIREMENT INC1 year

Filed as: NFP RETIREMENT INC.

Service code 27

120 VANTIS · ALISO VIEJO, CA 92656

Advisory (Plan)

$22,500

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$15,419

ATCHLEY & ASSOCIATES2 years

Filed as: ATCHLEY & ASSOCIATES LLP

Service code 10

6850 AUSTIN CENTER BLVD · AUSTIN, TX 78731

Accounting

$13,153

NOVA 401(K) ASSOCIATES3 years

Service code 13

10777 NORTHWEST FREEWAY · HOUSTON, TX 77092

Contract Administrator

$8,460

TRAVIS COUNTY MEDICAL SOCIETY'S 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRAVIS COUNTY MEDICAL SOCIETY'S 401(K) SAVINGS 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