Retirement plan

TEXAS INSTITUTE FOR SURGERY, LLP 401(K) PLAN

Name: TEXAS INSTITUTE FOR SURGERY, LLP - TEXAS INSTITUTE FOR SURGERY, LLP 401(K) PLAN (2021) 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) PLAN, TEXAS INSTITUTE FOR SURGERY, LLP

TEXAS INSTITUTE FOR SURGERY, LLPEIN 77-0628004Plan #002PY 2021

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$14M

+9.6% from 2020

Total participants

232

+9.4% from 2020

Average account balance

$79,775

+6.4% from 2020

Annual return

12.16%

-2.95 pp from 2020

Benchmarks

See 5,353 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,353 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$15.69M

Not enough data

1 years with asset history on file

Average account balance

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

$81K

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.

194

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.

71.2%

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

$7K

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

+15.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$280

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$43,093
NFP RETIREMENT INC2 years Filed as: NFP RETIREMENT, INC. Service code 27 · EIN 33-0905143	Advisory (Plan)	$36,631
RETIREMENTPLANS.COM, LLC2 years Service code 13 · EIN 80-0968774	Contract Administrator	$11,371
AMERICA'S 401K, INC.2 years Filed as: AMERICA'S 401K INC. Service code 14 · EIN 75-2261114	Plan Administrator	$2,054
DEFINITI LLC2 years Filed as: DEFINITI TX Service code 13 8131 LBJ FREEWAY · DALLAS, TX 75251	Contract Administrator	$1,925
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Service code 26 · EIN 61-1732930	Advisory (Participants)	$563

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$93K

$470 / participant

Contract admin$93K100.0%

% of EOY assets

0.663%

all-in expense ratio

Categories reported

1 / 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: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$79,775

$61,156+30.4%

$185,823-57.1%

$79,386+0.5%

Participation rate

71.1%

66.6%+4.4pp

81.7%-10.6pp

70.7%+0.4pp

Annual return

12.16%

19.45%-7.3pp

122.05%-109.9pp

116.85%-104.7pp

Employer contribution / active EE

$1,994

$2,321-14.1%

$5,167-61.4%

$2,427-17.9%

Participant deferral / active EE

$3,741

$2,789+34.1%

$5,568-32.8%

$4,046-7.5%

Admin fee / account holder

$529

$710-25.4%

$16,237-96.7%

$626-15.5%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.6+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$43,093

NFP RETIREMENT INC2 years

Filed as: NFP RETIREMENT, INC.

Service code 27 · EIN 33-0905143

Advisory (Plan)

$36,631

RETIREMENTPLANS.COM, LLC2 years

Service code 13 · EIN 80-0968774

Contract Administrator

$11,371

AMERICA'S 401K, INC.2 years

Filed as: AMERICA'S 401K INC.

Service code 14 · EIN 75-2261114

Plan Administrator

$2,054

DEFINITI LLC2 years

Filed as: DEFINITI TX

Service code 13

8131 LBJ FREEWAY · DALLAS, TX 75251

Contract Administrator

$1,925

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Service code 26 · EIN 61-1732930

Advisory (Participants)

$563

TEXAS INSTITUTE FOR SURGERY, LLP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TEXAS INSTITUTE FOR SURGERY, LLP 401(K) 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