Retirement plan

HOSPITAL INTERNISTS OF TEXAS 401(K) PROFIT SHARING PLAN

Name: HOSPITAL INTERNISTS OF TEXAS - HOSPITAL INTERNISTS OF TEXAS 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: HOSPITAL INTERNISTS OF TEXAS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HOSPITAL INTERNISTS OF TEXAS 401(K) PROFIT SHARING PLAN, HOSPITAL INTERNISTS OF TEXAS

HOSPITAL INTERNISTS OF TEXASEIN 81-1896357Plan #002PY 2024

7000 N. MOPAC SUITE 420 - AUSTIN, TX 78731512-482-0045hospitalinternists.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesHigh assets / participantLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$36M

+11.2% from 2023

Total participants

103

-12.7% from 2023

Average account balance

$349,442

+27.4% from 2023

Annual return

13.86%

-3.89 pp from 2023

Benchmarks

See 21,691 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,691 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$35.99M

Not enough data

1 years with asset history on file

Average account balance

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

$349K

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.

103

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

$1.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+13.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1390

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
NOVA 401(K) ASSOCIATES7 years Service code 49 10777 NORTHWEST FRWY. · HOUSTON, TX 77092	Other Services	$16,533
PRICEKUBECKA PLLC2 years Filed as: PRICEKUBECKA Service code 99 · EIN 75-2783674	Other Fees	$12,500
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT ADVISORS, LLC Service code 26 · EIN 02-0488491	Advisory (Participants)	$9,858

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

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.
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

4 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$143K

$2701 / participant

Contract admin$143K100.0%

% of EOY assets

0.398%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PRICEKUBECKA, PLLC
Auditor EIN: 752783674
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$349,442

$81,358+329.5%

$155,556+124.6%

$80,959+331.6%

Participation rate

100.0%

66.3%+33.7pp

78.2%+21.8pp

67.7%+32.3pp

Annual return

13.86%

33.39%-19.5pp

64.84%-51.0pp

35.67%-21.8pp

Employer contribution / active EE

$13,061

$3,106+320.5%

$4,675+179.4%

$2,757+373.7%

Participant deferral / active EE

$11,763

$3,455+240.4%

$5,631+108.9%

$4,300+173.5%

Admin fee / account holder

$1,390

$7,994-82.6%

$15,885-91.3%

$6,925-79.9%

Provider

Service type

Compensation

NOVA 401(K) ASSOCIATES7 years

Service code 49

10777 NORTHWEST FRWY. · HOUSTON, TX 77092

Other Services

$16,533

PRICEKUBECKA PLLC2 years

Filed as: PRICEKUBECKA

Service code 99 · EIN 75-2783674

Other Fees

$12,500

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT ADVISORS, LLC

Service code 26 · EIN 02-0488491

Advisory (Participants)

$9,858

HOSPITAL INTERNISTS OF TEXAS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOSPITAL INTERNISTS OF TEXAS 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