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 (2023) 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 2023

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$19M

+13.7% from 2022

Total participants

233

-12.4% from 2022

Average account balance

$81,356

+29.8% from 2022

Annual return

16.91%

+32.61 pp from 2022

Benchmarks

See 1,918 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,918 peers

Snapshot2023

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 5 by compensation

Provider	Service type	Compensation
NFP RETIREMENT INC1 year Service code 27 120 VANTIS · ALISO VIEJO, CA 92656	Advisory (Plan)	$22,500
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$14,459
ATCHLEY & ASSOCIATES1 year Filed as: ATCHLEY & ASSOCIATES LLP Service code 10 6850 AUSTIN CENTER BLVD · AUSTIN, TX 78731	Accounting	$12,500
NOVA 401(K) ASSOCIATES2 years Service code 13 10777 NORTHWEST FWY · HOUSTON, TX 77092	Contract Administrator	$9,088
CAMBRIDGE INVESTMENT RESEARCH2 years Service code 27 1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556	Advisory (Plan)	$7,500

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$66K

$385 / participant

Recordkeeping$62K94.0%
Contract admin$4K6.0%

% of EOY assets

0.350%

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: ATCHLEY & ASSOCIATES, LLP
Auditor EIN: 742920819
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,356

$58,292+39.6%

$86,640-6.1%

$71,511+13.8%

Participation rate

100.0%

65.0%+35.0pp

71.7%+28.3pp

67.9%+32.1pp

Annual return

16.91%

21.63%-4.7pp

592.52%-575.6pp

28.86%-11.9pp

Employer contribution / active EE

$5,272

$2,574+104.8%

$3,024+74.3%

$2,589+103.6%

Participant deferral / active EE

$4,853

$3,438+41.1%

$4,438+9.3%

$4,291+13.1%

Admin fee / account holder

$284

$1,057-73.1%

$5,616-94.9%

$1,588-82.1%

Provider

Service type

Compensation

NFP RETIREMENT INC1 year

Service code 27

120 VANTIS · ALISO VIEJO, CA 92656

Advisory (Plan)

$22,500

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$14,459

ATCHLEY & ASSOCIATES1 year

Filed as: ATCHLEY & ASSOCIATES LLP

Service code 10

6850 AUSTIN CENTER BLVD · AUSTIN, TX 78731

Accounting

$12,500

NOVA 401(K) ASSOCIATES2 years

Service code 13

10777 NORTHWEST FWY · HOUSTON, TX 77092

Contract Administrator

$9,088

CAMBRIDGE INVESTMENT RESEARCH2 years

Service code 27

1776 PLEASANT PLAIN RD · FAIRFIELD, IA 52556

Advisory (Plan)

$7,500

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