Retirement plan

ORTHO MONTANA, PSC 401K PROFIT SHARING PLAN

Name: ORTHO MONTANA, PSC - ORTHO MONTANA, PSC 401K PROFIT SHARING PLAN (2018) Form 5500
Creator: ORTHO MONTANA, PSC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORTHO MONTANA, PSC 401K PROFIT SHARING PLAN, ORTHO MONTANA, PSC

ORTHO MONTANA, PSCEIN 81-0303109Plan #001PY 2018

2900 12TH AVENUE NORTH, SUITE 140W - BILLINGS, MT 59101406-237-5050montanabones.comLinkedIn51-200 employeeshospital & health care

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$24.1M

-2.9% from 2017

Total participants

129

+4.9% from 2017

Average account balance

$187,021

-7.5% from 2017

Annual return

-7.61%

-24.29 pp from 2017

Benchmarks

See 5,259 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,259 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.13M

Not enough data

1 years with asset history on file

Average account balance

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

$217K

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.

139

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+12.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1278

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 6 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.4+ years Filed as: WELLS FARGO ADVISORS Service code 26 2705 PARK MARINA DRIVE · REDDING, CA 96001	Advisory (Participants)	$32,267
MERRILL LYNCH PIERCE FENNER & SMITH1 year Service code 27 401 N 31ST STREET · BILLINGS, MT 59101	Advisory (Plan)	$15,620
MORGAN STANLEY SMITH BARNEY4+ years Filed as: MORGAN STANLEY SMITH BARNEY LLC Service code 19 401 NORTH 31ST STREET · BILLINGS, MT 59101	Securities Custodian	$10,726
ALLIED INVESTMENTS4+ years Service code 26 1648 POLY DRIVE, STE 102 · BILLINGS, MT 59102	Advisory (Participants)	$9,356
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$7,853
RBC WEALTH MANAGEMENT4+ years Service code 13 404 N 31ST STREET, SUITE 300 · BILLING, MT 59103	Contract Administrator	$4,858

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 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.

Expense breakdown

Schedule H Part II

Admin total

$80K

$724 / participant

Other / not subdivided$80K100.0%

% of EOY assets

0.333%

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: AMATICS CPA GROUP
Auditor EIN: 453057681
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$187,021

$47,977+289.8%

$154,114+21.4%

$56,287+232.3%

Participation rate

100.0%

66.2%+33.8pp

83.0%+17.0pp

69.9%+30.1pp

Annual return

-7.61%

3.54%-11.1pp

735.16%-742.8pp

-9.96%+2.3pp

Employer contribution / active EE

$10,969

$2,169+405.8%

$5,298+107.1%

$2,111+419.6%

Participant deferral / active EE

$6,576

$2,392+174.9%

$5,081+29.4%

$3,350+96.3%

Admin fee / account holder

$623

$438+42.2%

$13,411-95.4%

$521+19.6%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.4+ years

Filed as: WELLS FARGO ADVISORS

Service code 26

2705 PARK MARINA DRIVE · REDDING, CA 96001

Advisory (Participants)

$32,267

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Service code 27

401 N 31ST STREET · BILLINGS, MT 59101

Advisory (Plan)

$15,620

MORGAN STANLEY SMITH BARNEY4+ years

Filed as: MORGAN STANLEY SMITH BARNEY LLC

Service code 19

401 NORTH 31ST STREET · BILLINGS, MT 59101

Securities Custodian

$10,726

ALLIED INVESTMENTS4+ years

Service code 26

1648 POLY DRIVE, STE 102 · BILLINGS, MT 59102

Advisory (Participants)

$9,356

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$7,853

RBC WEALTH MANAGEMENT4+ years

Service code 13

404 N 31ST STREET, SUITE 300 · BILLING, MT 59103

Contract Administrator

$4,858

ORTHO MONTANA, PSC 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORTHO MONTANA, PSC 401K 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