Retirement plan

GEM STATE RADIOLOGY PROFIT SHARING PLAN

Name: GEM STATE RADIOLOGY LLP - GEM STATE RADIOLOGY PROFIT SHARING PLAN (2023) Form 5500
Creator: GEM STATE RADIOLOGY LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GEM STATE RADIOLOGY PROFIT SHARING PLAN, GEM STATE RADIOLOGY LLP

GEM STATE RADIOLOGY LLPEIN 82-6041596Plan #002PY 2023

877 W MAIN ST STE 603 - BOISE, ID 837026070208-384-9060LinkedIn51-200 employeesmedical practice

Other plans on this EIN

2 filings

#005Retirement-$5.4M assets #001Retirement-$25K assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$31.1M

-15.5% from 2022

Total participants

158

0.0% from 2022

Average account balance

$196,949

-15.5% from 2022

Annual return

9.70%

+0.88 pp from 2022

Benchmarks

See 5,708 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.88M

Not enough data

1 years with asset history on file

Average account balance

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

$188K

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.

164

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

$2.65M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+9.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$624

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 2 by compensation

Provider	Service type	Compensation
RBC WEALTH MANAGEMENT9+ years Service code 27 · EIN 41-1416330 60 S 6TH ST · MINNEAPOLIS, MN 55402	Advisory (Plan)	$112,079
FERGUSON WELLMAN CAPITAL MANAGEMENT1 year Service code 27 · EIN 93-0646988	Advisory (Plan)	$101,775

Plan features & details

Pension benefit codes2A2E2J3B3H3D

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.
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.
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.
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

$218K

$1616 / participant

Investment mgmt$214K98.0%
Contract admin$4K2.0%

% of EOY assets

0.701%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$196,949

$61,356+221.0%

$149,696+31.6%

$71,511+175.4%

Participation rate

100.0%

62.5%+37.5pp

78.8%+21.2pp

67.9%+32.1pp

Annual return

9.70%

35.86%-26.2pp

134.46%-124.8pp

28.86%-19.2pp

Employer contribution / active EE

$12,105

$2,382+408.3%

$4,821+151.1%

$2,589+367.5%

Participant deferral / active EE

$7,321

$2,920+150.8%

$5,682+28.8%

$4,291+70.6%

Admin fee / account holder

$1,381

$1,263+9.3%

$13,212-89.6%

$1,588-13.1%

Provider

Service type

Compensation

RBC WEALTH MANAGEMENT9+ years

Service code 27 · EIN 41-1416330

60 S 6TH ST · MINNEAPOLIS, MN 55402

Advisory (Plan)

$112,079

FERGUSON WELLMAN CAPITAL MANAGEMENT1 year

Service code 27 · EIN 93-0646988

Advisory (Plan)

$101,775

GEM STATE RADIOLOGY PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GEM STATE RADIOLOGY 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