Retirement plan

COLORADO SPRINGS RADIOLOGISTS, P.C. PROFIT SHARING PLAN

Name: COLORADO SPRINGS RADIOLOGISTS, P.C. - COLORADO SPRINGS RADIOLOGISTS, P.C. PROFIT SHARING PLAN (2022) Form 5500
Creator: COLORADO SPRINGS RADIOLOGISTS, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, COLORADO SPRINGS RADIOLOGISTS, P.C. PROFIT SHARING PLAN, COLORADO SPRINGS RADIOLOGISTS, P.C.

COLORADO SPRINGS RADIOLOGISTS, P.C.EIN 84-0607791Plan #001PY 2022

1390 KELLY JOHNSON BOULEVARD - COLORADO SPRINGS, CO 80920719-593-1799LinkedIn51-200 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$40.7M

-13.8% from 2021

Total participants

263

+6.0% from 2021

Average account balance

$159,532

-18.9% from 2021

Annual return

-15.91%

-30.50 pp from 2021

Benchmarks

See 5,350 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,350 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$49.93M

Not enough data

1 years with asset history on file

Average account balance

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

$198K

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.

252

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.

93.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+12.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$284

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
SHERIDAN ROAD ADVISORS LLC2 years Filed as: HUB INTERNATIONAL NEW ENGLAND LLC Service code 16 275 US ROUTE ONE · CUMBERLAND FORESIDE, ME 04110	Consulting	$27,341
GLOBAL RETIREMENT PARTNERS LLC3 years Filed as: GLOBAL RETIREMENT PARTNERS, LLC Service code 16 4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903	Consulting	$25,956
T ROWE PRICE RPS INC4 years Service code 15 100 EAST PRATT STREET · BALTIMORE, MD 21202	Recordkeeping	$23,768
EP WEALTH ADVISORS LLC2 years Service code 26 · EIN 33-0152539	Advisory (Participants)	$11,927
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB & CO. INC. Service code 33 · EIN 94-1737782	Float revenue; Securities brokerage; ...	$662

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

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

$77K

$376 / participant

Other / not subdivided$77K100.0%

% of EOY assets

0.190%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BIGGSKOFFORD, P.C.
Auditor EIN: 840884124
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$159,532

$65,083+145.1%

$143,788+10.9%

$66,930+138.4%

Participation rate

96.1%

65.2%+30.9pp

80.3%+15.8pp

69.8%+26.3pp

Annual return

-15.91%

-11.13%-4.8pp

-0.03%-15.9pp

1.57%-17.5pp

Employer contribution / active EE

$8,496

$2,361+259.8%

$4,952+71.6%

$2,545+233.9%

Participant deferral / active EE

$4,894

$2,920+67.6%

$5,638-13.2%

$4,238+15.5%

Admin fee / account holder

$303

$502-39.6%

$14,675-97.9%

$593-48.9%

Provider

Service type

Compensation

SHERIDAN ROAD ADVISORS LLC2 years

Filed as: HUB INTERNATIONAL NEW ENGLAND LLC

Service code 16

275 US ROUTE ONE · CUMBERLAND FORESIDE, ME 04110

Consulting

$27,341

GLOBAL RETIREMENT PARTNERS LLC3 years

Filed as: GLOBAL RETIREMENT PARTNERS, LLC

Service code 16

4340 REDWOOD HIGHWAY · SAN RAFAEL, CA 94903

Consulting

$25,956

T ROWE PRICE RPS INC4 years

Service code 15

100 EAST PRATT STREET · BALTIMORE, MD 21202

Recordkeeping

$23,768

EP WEALTH ADVISORS LLC2 years

Service code 26 · EIN 33-0152539

Advisory (Participants)

$11,927

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB & CO. INC.

Service code 33 · EIN 94-1737782

Float revenue; Securities brokerage; ...

$662

COLORADO SPRINGS RADIOLOGISTS, P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

COLORADO SPRINGS RADIOLOGISTS, P.C. 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