Retirement plan

GEM CITY BONE & JOINT, P.C. 401K PLAN

Name: GEM CITY BONE & JOINT, P.C. - GEM CITY BONE & JOINT, P.C. 401K PLAN (2019) Form 5500
Creator: GEM CITY BONE & JOINT, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GEM CITY BONE & JOINT, P.C. 401K PLAN, GEM CITY BONE & JOINT, P.C.

GEM CITY BONE & JOINT, P.C.EIN 83-0219655Plan #003PY 2019

1909 VISTA DR - LARAMIE, WY 820705530307-745-1423LinkedIn1-10 employeeslaw practice

Other plans on this EIN

1 filing

#004Retirement-$6.0M assets

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$15M

+23.1% from 2018

Total participants

136

+8.8% from 2018

Average account balance

$110,323

+13.2% from 2018

Annual return

20.42%

+28.66 pp from 2018

Benchmarks

See 18,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,452 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.30M

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.

241

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

$1.22M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.74%

Not enough data

1 years with return on file

Admin fee / account holder

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

$340

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
LEAFHOUSE FINANCIAL ADVISORS, LLC5+ years Service code 26 · EIN 26-4311657 BLDG 5, STE 405 · AUSTIN, TX 78730	Advisory (Participants)	$17,077
WEALTH MANAGEMENT ADVISORS5+ years Filed as: WEALTH MANAGEMENT ADVISERS, LLC Service code 26 · EIN 13-4251514 166 OLD FARMS E · MIDDLETOWN, CT 06457	Advisory (Participants)	$17,069
NORTHWESTERN MUTUAL INVESTMENT SERV3 years Filed as: PERSHING, LLC (NORTHWESTERN MUTUAL) Service code 26 · EIN 13-2741729 300 COLONIAL CENTER PARKWAY · LAKE MARY, FL 32746	Advisory (Participants)	$12,443
NATIONWIDE5+ years Service code 15 · EIN 31-1592130 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$12,037
COMMONWEALTH FINANCIAL NETWORK3 years Service code 26 · EIN 04-2675571 29 SAWYER RD. · WALTHAM, MA 02453	Advisory (Participants)	$9,064
TD AMERITRADE, INC.2 years Filed as: TD AMERITRADE Service code 26 P.O. BOX 650567 · DALLAS, TX 75265	Advisory (Participants)	$8,661

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$82K

$862 / participant

Investment mgmt$33K40.8%
Contract admin$49K59.2%

% of EOY assets

0.546%

all-in expense ratio

Categories reported

2 / 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: SOUKUP BUSH & ASSOCIATES, CPAS, P.C
Auditor EIN: 841128248
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$110,323

$85,171+29.5%

$172,753-36.1%

$72,976+51.2%

Participation rate

100.0%

70.1%+29.9pp

82.6%+17.4pp

69.5%+30.5pp

Annual return

20.42%

27.32%-6.9pp

803.00%-782.6pp

81.02%-60.6pp

Employer contribution / active EE

$3,399

$3,324+2.2%

$5,144-33.9%

$2,440+39.3%

Participant deferral / active EE

$5,703

$3,260+74.9%

$5,198+9.7%

$3,608+58.1%

Admin fee / account holder

$602

$5,880-89.8%

$13,956-95.7%

$5,124-88.2%

Provider

Service type

Compensation

LEAFHOUSE FINANCIAL ADVISORS, LLC5+ years

Service code 26 · EIN 26-4311657

BLDG 5, STE 405 · AUSTIN, TX 78730

Advisory (Participants)

$17,077

WEALTH MANAGEMENT ADVISORS5+ years

Filed as: WEALTH MANAGEMENT ADVISERS, LLC

Service code 26 · EIN 13-4251514

166 OLD FARMS E · MIDDLETOWN, CT 06457

Advisory (Participants)

$17,069

NORTHWESTERN MUTUAL INVESTMENT SERV3 years

Filed as: PERSHING, LLC (NORTHWESTERN MUTUAL)

Service code 26 · EIN 13-2741729

300 COLONIAL CENTER PARKWAY · LAKE MARY, FL 32746

Advisory (Participants)

$12,443

NATIONWIDE5+ years

Service code 15 · EIN 31-1592130

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$12,037

COMMONWEALTH FINANCIAL NETWORK3 years

Service code 26 · EIN 04-2675571

29 SAWYER RD. · WALTHAM, MA 02453

Advisory (Participants)

$9,064

TD AMERITRADE, INC.2 years

Filed as: TD AMERITRADE

Service code 26

P.O. BOX 650567 · DALLAS, TX 75265

Advisory (Participants)

$8,661

GEM CITY BONE & JOINT, P.C. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GEM CITY BONE & JOINT, P.C. 401K 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