Retirement plan

NEW MEXICO ORTHOPAEDIC ASSOCIATES, PC 401(K) PROFIT SHARING PLAN

Name: NEW MEXICO ORTHOPAEDIC ASSOCIATES, PC - NEW MEXICO ORTHOPAEDIC ASSOCIATES, PC 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: NEW MEXICO ORTHOPAEDIC ASSOCIATES, PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW MEXICO ORTHOPAEDIC ASSOCIATES, PC 401(K) PROFIT SHARING PLAN, NEW MEXICO ORTHOPAEDIC ASSOCIATES, PC

NEW MEXICO ORTHOPAEDIC ASSOCIATES, PCEIN 85-0291612Plan #002PY 2016

201 CEDAR SE, SUITE 6600 - ALBUQUERQUE, NM 87106505-724-4319nmohelpdesk.comLinkedIn201-500 employees

Other plans on this EIN

1 filing

#001Retirement-$21.3M assets

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$32.4M

+0.8% from 2015

Total participants

301

-1.3% from 2015

Average account balance

$110,150

+2.5% from 2015

Annual return

6.90%

+6.90 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$52.95M

Not enough data

1 years with asset history on file

Average account balance

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

$171K

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.

309

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

$3.80M

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

+11.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$67

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 7 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$103,163
RBC WEALTH MANAGEMENT2+ years Service code 27 · EIN 40-1416330	Advisory (Plan)	$62,908
RICCI & COMPANY1 year Filed as: RICCI & COMPANY LLC Service code 10 · EIN 20-5949532	Accounting	$16,472
INOVEST WEALTH MANAGEMENT LLC1 year Service code 71 · EIN 26-2253447	Brokerage Fees	$5,760
PENSION INC.2+ years Filed as: THE PENSION COMPANY Service code 13 · EIN 75-2394560 13155 NOEL ROAD STE 2300 · DALLAS, TX 75240	Contract Administrator	$2,720
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO INC Service code 59 · EIN 94-1737782	Shareholder Servicing	$405
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB & CO Service code 59	Shareholder Servicing	$255

Plan features & details

Pension benefit codes2A2E2F2G2J2R

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.

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

$125K

$629 / participant

Investment mgmt$125K100.0%

% of EOY assets

0.385%

all-in expense ratio

Categories reported

1 / 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: RICCI & COMPANY
Auditor EIN: 205949532
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$110,150

$46,732+135.7%

$156,551-29.6%

$55,167+99.7%

Participation rate

96.5%

65.8%+30.7pp

84.0%+12.5pp

69.0%+27.5pp

Annual return

6.90%

17.72%-10.8pp

32.23%-25.3pp

169.23%-162.3pp

Employer contribution / active EE

$4,418

$2,105+109.9%

$5,501-19.7%

$1,963+125.1%

Participant deferral / active EE

$4,854

$2,204+120.2%

$4,871-0.4%

$3,054+58.9%

Admin fee / account holder

$424

$418+1.3%

$13,028-96.7%

$504-15.9%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.2+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$103,163

RBC WEALTH MANAGEMENT2+ years

Service code 27 · EIN 40-1416330

Advisory (Plan)

$62,908

RICCI & COMPANY1 year

Filed as: RICCI & COMPANY LLC

Service code 10 · EIN 20-5949532

Accounting

$16,472

INOVEST WEALTH MANAGEMENT LLC1 year

Service code 71 · EIN 26-2253447

Brokerage Fees

$5,760

PENSION INC.2+ years

Filed as: THE PENSION COMPANY

Service code 13 · EIN 75-2394560

13155 NOEL ROAD STE 2300 · DALLAS, TX 75240

Contract Administrator

$2,720

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO INC

Service code 59 · EIN 94-1737782

Shareholder Servicing

$405

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB & CO

Service code 59

Shareholder Servicing

$255

NEW MEXICO ORTHOPAEDIC ASSOCIATES, PC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW MEXICO ORTHOPAEDIC ASSOCIATES, PC 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