Retirement plan

TEXAS INSTITUTE FOR SURGERY, LLP 401(K) PROFIT SHARING PLAN AND TRUST

Name: TEXAS INSTITUTE FOR SURGERY, LLP - TEXAS INSTITUTE FOR SURGERY, LLP 401(K) PROFIT SHARING PLAN AND TRUST (2015) Form 5500
Creator: TEXAS INSTITUTE FOR SURGERY, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TEXAS INSTITUTE FOR SURGERY, LLP 401(K) PROFIT SHARING PLAN AND TRUST, TEXAS INSTITUTE FOR SURGERY, LLP

TEXAS INSTITUTE FOR SURGERY, LLPEIN 77-0628004Plan #002PY 2015

7115 GREENVILLE AVE. - DALLAS, TX 75231214-647-5394texasinstituteforsurgery.comLinkedIn201-500 employeeshospital & health care

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$7.5M

No prior year

Total participants

243

No prior year

Average account balance

$43,935

No prior year

Annual return

1.49%

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

$13.75M

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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.

202

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.

69.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.31M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$231

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
NFP RETIREMENT INC1+ years Filed as: NFP SECURITIES Service code 27 · EIN 74-2794194	Advisory (Plan)	$16,561
TRANSAMERICA RETIREMENT SOLUTIONS1+ years Filed as: TRANSAMERICA FINANCIAL LIFE INS Service code 15 · EIN 36-6071399	Recordkeeping	$2,448
SIMPKINS & ASSOCIATES1+ years Filed as: SIMPKINS & ASSOCIATES, INC. Service code 15 · EIN 75-2383194	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D3B

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$20K

$104 / participant

Investment mgmt$17K81.1%
Other / not subdivided$4K18.9%

% of EOY assets

0.272%

all-in expense ratio

Categories reported

1 / 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: MONTGOMERY COSCIA GIREILICH, LLP
Auditor EIN: 752919818
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,935

$46,360-5.2%

$147,617-70.2%

$52,331-16.0%

Participation rate

63.3%

64.9%-1.7pp

84.6%-21.4pp

68.1%-4.8pp

Annual return

1.49%

1.62%-0.1pp

61.98%-60.5pp

4.54%-3.1pp

Employer contribution / active EE

$1,858

$2,126-12.6%

$5,564-66.6%

$1,882-1.3%

Participant deferral / active EE

$2,874

$2,258+27.3%

$4,895-41.3%

$3,022-4.9%

Admin fee / account holder

$119

$766-84.4%

$11,612-99.0%

$592-79.8%

Provider

Service type

Compensation

NFP RETIREMENT INC1+ years

Filed as: NFP SECURITIES

Service code 27 · EIN 74-2794194

Advisory (Plan)

$16,561

TRANSAMERICA RETIREMENT SOLUTIONS1+ years

Filed as: TRANSAMERICA FINANCIAL LIFE INS

Service code 15 · EIN 36-6071399

Recordkeeping

$2,448

SIMPKINS & ASSOCIATES1+ years

Filed as: SIMPKINS & ASSOCIATES, INC.

Service code 15 · EIN 75-2383194

Recordkeeping

TEXAS INSTITUTE FOR SURGERY, LLP 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEXAS INSTITUTE FOR SURGERY, LLP 401(K) PROFIT SHARING PLAN AND 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