Retirement plan

TEXAS NEUROLOGY 401(K) PROFIT SHARING PLAN

Name: TEXAS NEUROLOGY, P.A. - TEXAS NEUROLOGY 401(K) PROFIT SHARING PLAN (2017) 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 2017

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

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$15.9M

+23.1% from 2016

Total participants

141

+6.0% from 2016

Average account balance

$121,267

+23.1% from 2016

Annual return

19.98%

+12.23 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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
NATIONWIDE3+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$32,433
CECILCO3+ years Service code 13 14881 QUARUM DR · DALLAS, TX 752546725	Contract Administrator	$12,185
PROSPERA FINANCIAL SERVICES3+ years Filed as: PROSPERA FINANCIAL SERVICES INC. Service code 27 5429 LBJ FRW · DALLAS, TX 752400000	Advisory (Plan)	$8,670

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

2 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).

Expense breakdown

Schedule H Part II

Admin total

$100K

$971 / participant

Other / not subdivided$100K100.0%

% of EOY assets

0.630%

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: WHITLEY PENN LLP
Auditor EIN: 752393478
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$121,267

$55,453+118.7%

$170,435-28.8%

$62,293+94.7%

Participation rate

90.3%

66.4%+23.9pp

83.6%+6.7pp

69.5%+20.8pp

Annual return

19.98%

21.38%-1.4pp

205.94%-186.0pp

28.90%-8.9pp

Employer contribution / active EE

$1,771

$2,164-18.2%

$5,432-67.4%

$2,042-13.3%

Participant deferral / active EE

$4,399

$2,303+91.0%

$4,939-10.9%

$3,169+38.8%

Admin fee / account holder

$763

$455+67.8%

$13,881-94.5%

$479+59.3%

Provider

Service type

Compensation

NATIONWIDE3+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$32,433

CECILCO3+ years

Service code 13

14881 QUARUM DR · DALLAS, TX 752546725

Contract Administrator

$12,185

PROSPERA FINANCIAL SERVICES3+ years

Filed as: PROSPERA FINANCIAL SERVICES INC.

Service code 27

5429 LBJ FRW · DALLAS, TX 752400000

Advisory (Plan)

$8,670

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