Retirement plan

PULMONARY CONSULTANTS OF TEXAS EMPLOYEE 401(K) PROFIT SHARING PLAN

Name: TEXAS PULMONARY & CRITICAL CARE CONSULTANTS - PULMONARY CONSULTANTS OF TEXAS EMPLOYEE 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: TEXAS PULMONARY & CRITICAL CARE CONSULTANTS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PULMONARY CONSULTANTS OF TEXAS EMPLOYEE 401(K) PROFIT SHARING PLAN, TEXAS PULMONARY & CRITICAL CARE CONSULTANTS

TEXAS PULMONARY & CRITICAL CARE CONSULTANTSEIN 75-1604753Plan #001PY 2020

911-C MEDICAL CENTER DRIVE - ARLINGTON, TX 760124758817-335-5288LinkedIn1-10 employeesmedical practice

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$39.5M

+16.5% from 2019

Total participants

120

-6.3% from 2019

Average account balance

$362,301

+30.4% from 2019

Annual return

15.05%

-7.61 pp from 2019

Benchmarks

See 18,640 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,640 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$32.90M

Not enough data

1 years with asset history on file

Average account balance

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

$362K

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.

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.

151.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.29M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+16.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12168

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

0 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISORY SERVICES. Service code 27 · EIN 35-2552359	Advisory (Plan)	$30,373
PACIFIC ADVISORY CAPITAL2 years Service code 27 500 S. GRAND AVE · LOS ANGELES, CA 90071	Advisory (Plan)	$21,395
THE VANGUARD GROUP, INC.5+ years Service code 15 · EIN 23-1945930	Recordkeeping	$10,929

Plan features & details

Pension benefit codes2A2E3D2G2J2K2F2T

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.
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

3 tripped

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).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$63K

$738 / participant

Investment mgmt$52K82.6%
Contract admin$11K17.4%

% of EOY assets

0.159%

all-in expense ratio

Categories reported

2 / 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: JTAYLOR
Auditor EIN: 752795393
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$362,301

$91,190+297.3%

$178,490+103.0%

$79,858+353.7%

Participation rate

87.1%

69.2%+17.9pp

81.9%+5.1pp

69.6%+17.4pp

Annual return

15.05%

24.19%-9.1pp

151.07%-136.0pp

31.71%-16.7pp

Employer contribution / active EE

$9,121

$3,256+180.1%

$5,011+82.0%

$2,471+269.1%

Participant deferral / active EE

$6,300

$3,236+94.7%

$5,202+21.1%

$3,740+68.4%

Admin fee / account holder

$575

$6,751-91.5%

$13,984-95.9%

$5,306-89.2%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISORY SERVICES.

Service code 27 · EIN 35-2552359

Advisory (Plan)

$30,373

PACIFIC ADVISORY CAPITAL2 years

Service code 27

500 S. GRAND AVE · LOS ANGELES, CA 90071

Advisory (Plan)

$21,395

THE VANGUARD GROUP, INC.5+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$10,929

PULMONARY CONSULTANTS OF TEXAS EMPLOYEE 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PULMONARY CONSULTANTS OF TEXAS EMPLOYEE 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