Retirement plan

TEXAS NEUROLOGY 401(K) PROFIT SHARING PLAN

Name: TEXAS NEUROLOGY, P.A. - TEXAS NEUROLOGY 401(K) PROFIT SHARING PLAN (2015) Form 5500
Creator: TEXAS NEUROLOGY, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEXAS NEUROLOGY 401(K) PROFIT SHARING PLAN, TEXAS NEUROLOGY, P.A.

TEXAS NEUROLOGY, P.A.EIN 75-2654757Plan #001PY 2015

6301 GASTON AVENUE, SUITE 100W - DALLAS, TX 752146273214-827-3610texasneurology.comLinkedIn51-200 employeeshospital & health care

Prospect flagsLow returnsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$12.5M

No prior year

Total participants

126

No prior year

Average account balance

$103,863

No prior year

Annual return

-4.28%

No prior year

Benchmarks

See 4,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort4,452 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.72M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

143

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.

95.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.06M

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

+17.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$94

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 3 by compensation

Provider	Service type	Compensation
NATIONWIDE1+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$37,445
PROSPERA FINANCIAL SERVICES1+ years Filed as: PROSPERA FINANCIAL SERVICES INC. Service code 27 5429 LBJ FRW · DALLAS, TX 752400000	Advisory (Plan)	$15,249
CECILCO1+ years Service code 13 14881 QUARUM DR · DALLAS, TX 752546725	Contract Administrator	$11,701

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T

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.
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.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$65K

$620 / participant

Other / not subdivided$65K100.0%

% of EOY assets

0.523%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WAGNER, EUBANK & NICHOLAS, L.L.P.
Auditor EIN: 752904993
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$103,863

$46,360+124.0%

$147,617-29.6%

$52,331+98.5%

Participation rate

94.3%

64.9%+29.3pp

84.6%+9.7pp

68.1%+26.2pp

Annual return

-4.28%

1.62%-5.9pp

61.98%-66.3pp

4.54%-8.8pp

Employer contribution / active EE

$1,612

$2,126-24.2%

$5,564-71.0%

$1,882-14.3%

Participant deferral / active EE

$3,770

$2,258+67.0%

$4,895-23.0%

$3,022+24.8%

Admin fee / account holder

$543

$766-29.1%

$11,612-95.3%

$592-8.2%

Provider

Service type

Compensation

NATIONWIDE1+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$37,445

PROSPERA FINANCIAL SERVICES1+ years

Filed as: PROSPERA FINANCIAL SERVICES INC.

Service code 27

5429 LBJ FRW · DALLAS, TX 752400000

Advisory (Plan)

$15,249

CECILCO1+ years

Service code 13

14881 QUARUM DR · DALLAS, TX 752546725

Contract Administrator

$11,701

TEXAS NEUROLOGY 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEXAS NEUROLOGY 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