Retirement plan

TEXAS NEUROLOGY PA 401(K) PROFIT SHARING PLAN & TRUST

Name: TEXAS NEUROLOGY PA - TEXAS NEUROLOGY PA 401(K) PROFIT SHARING PLAN & TRUST (2019) Form 5500
Creator: TEXAS NEUROLOGY PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEXAS NEUROLOGY PA 401(K) PROFIT SHARING PLAN & TRUST, TEXAS NEUROLOGY PA

TEXAS NEUROLOGY PAEIN 75-2654757Plan #001PY 2019

6301 GASTON AVE STE 100 - DALLAS, TX 75214214-827-3610texasneurology.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$16.4M

+8.1% from 2018

Total participants

285

+141.5% from 2018

Average account balance

$64,229

-51.9% from 2018

Annual return

19.72%

+26.56 pp from 2018

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2019

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 5 by compensation

Provider	Service type	Compensation
PAYCHEX, INC.1 year Filed as: PAYCHEX RETIREMENT SERVICES Service code 64 · EIN 16-1124166 911 PANORAMA TRAIL S · ROCHESTER, NY 146250397	Recordkeeping Fees	$19,412
NATIONWIDE5+ years Service code 26 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Advisory (Participants)	$451
PROSPERA FINANCIAL SERVICES2 years Service code 26	Advisory (Participants)	$350
CECILCO5+ years Service code 26 · EIN 43-4923457 ATTN STACEY TUCKER · DALLAS, TX 75254	Advisory (Participants)	$125
PROSPERA FINANCIAL SERVICES1 year Filed as: PROSPERA FINANCIAL SERVICES, INC. Service code 26 · EIN 75-1832551 5429 LBJ FRW · DALLAS, TX 75240	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2J2K2R2S2T3D

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).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

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

$77K

$300 / participant

Other / not subdivided$77K100.0%

% of EOY assets

0.467%

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

$64,229

$62,928+2.1%

$172,755-62.8%

$67,579-5.0%

Participation rate

88.7%

64.5%+24.2pp

82.6%+6.0pp

71.3%+17.4pp

Annual return

19.72%

30.36%-10.6pp

802.94%-783.2pp

378.56%-358.8pp

Employer contribution / active EE

$827

$1,636-49.4%

$5,144-83.9%

$2,148-61.5%

Participant deferral / active EE

$2,148

$2,145+0.2%

$5,198-58.7%

$3,539-39.3%

Admin fee / account holder

$300

$167+80.1%

$13,955-97.8%

$142+110.9%

Provider

Service type

Compensation

PAYCHEX, INC.1 year

Filed as: PAYCHEX RETIREMENT SERVICES

Service code 64 · EIN 16-1124166

911 PANORAMA TRAIL S · ROCHESTER, NY 146250397

Recordkeeping Fees

$19,412

NATIONWIDE5+ years

Service code 26

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Advisory (Participants)

$451

PROSPERA FINANCIAL SERVICES2 years

Service code 26

Advisory (Participants)

$350

CECILCO5+ years

Service code 26 · EIN 43-4923457

ATTN STACEY TUCKER · DALLAS, TX 75254

Advisory (Participants)

$125

PROSPERA FINANCIAL SERVICES1 year

Filed as: PROSPERA FINANCIAL SERVICES, INC.

Service code 26 · EIN 75-1832551

5429 LBJ FRW · DALLAS, TX 75240

Advisory (Participants)

TEXAS NEUROLOGY PA 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEXAS NEUROLOGY PA 401(K) PROFIT SHARING PLAN & TRUST

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