Retirement plan

THE COLSON MEDICAL LLC EMPLOYEES' RETIREMENT PLAN

Name: COLSON MEDICAL LLC - THE COLSON MEDICAL LLC EMPLOYEES' RETIREMENT PLAN (2024) Form 5500
Creator: COLSON MEDICAL LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE COLSON MEDICAL LLC EMPLOYEES' RETIREMENT PLAN, COLSON MEDICAL LLC

COLSON MEDICAL LLCEIN 84-2860690Plan #001PY 2024

181 W. MADISON ST., SUITE 2500 - CHICAGO, IL 60602312-372-9500

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$190.2M

+12.4% from 2023

Total participants

1,786

+1.8% from 2023

Average account balance

$110,794

+12.4% from 2023

Annual return

15.87%

-4.33 pp from 2023

Benchmarks

See 839 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort839 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$190.23M

Not enough data

1 years with asset history on file

Average account balance

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

$111K

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.

1,717

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.

94.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$15.95M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+15.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$44

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 5 by compensation

Provider	Service type	Compensation
MERCER3 years Filed as: MERCER INC. Service code 16 · EIN 13-2834414	Consulting	$89,116
STRATEGIC ADVISORS, INC.5 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$54,127
GRANT THORNTON LLP6+ years Filed as: GRANT THORNTON Service code 10 · EIN 36-6055558	Accounting	$36,075
THOMPSON COBURN LLP3 years Service code 29 · EIN 43-0666662	Legal	$11,130
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Service code 37 · EIN 04-2647786	Loan Processing	-$114,466

Plan features & details

Pension benefit codes2G2J2K2T3H2E2F3D

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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$76K

$60 / participant

Investment mgmt$54K71.2%
Legal$11K14.6%
Contract admin$6000.8%
Other / not subdivided$10K13.3%

% of EOY assets

0.040%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRANT THORNTON
Auditor EIN: 366055558
Audit fees: $36,075
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$110,794

$110,258+0.5%

$102,460+8.1%

$200,096-44.6%

Participation rate

94.6%

86.3%+8.3pp

76.5%+18.1pp

72.0%+22.6pp

Annual return

15.87%

35.78%-19.9pp

29.47%-13.6pp

34.26%-18.4pp

Employer contribution / active EE

$5,405

$3,605+49.9%

$3,025+78.7%

$3,038+77.9%

Participant deferral / active EE

$7,145

$6,377+12.0%

$5,056+41.3%

$5,090+40.4%

Admin fee / account holder

$44

$122-63.8%

$9,460-99.5%

$269-83.6%

Provider

Service type

Compensation

MERCER3 years

Filed as: MERCER INC.

Service code 16 · EIN 13-2834414

Consulting

$89,116

STRATEGIC ADVISORS, INC.5 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$54,127

GRANT THORNTON LLP6+ years

Filed as: GRANT THORNTON

Service code 10 · EIN 36-6055558

Accounting

$36,075

THOMPSON COBURN LLP3 years

Service code 29 · EIN 43-0666662

Legal

$11,130

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$114,466

THE COLSON MEDICAL LLC EMPLOYEES' RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE COLSON MEDICAL LLC EMPLOYEES' RETIREMENT 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