Retirement plan

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

Name: NEW MEXICO ORTHOPAEDIC ASSOCIATES, P.C. - NEW MEXICO ORTHOPAEDIC ASSOCIATES, PC 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: NEW MEXICO ORTHOPAEDIC ASSOCIATES, P.C.
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, P.C.

NEW MEXICO ORTHOPAEDIC ASSOCIATES, P.C.EIN 85-0291612Plan #002PY 2019

2100 LOUISIANA BLVD NE, SUITE 410 - ALBUQUERQUE, NM 87110505-724-4300nmohelpdesk.comLinkedIn201-500 employees

Other plans on this EIN

1 filing

#001Retirement-$21.1M assets

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$40.3M

+17.5% from 2018

Total participants

304

+2.7% from 2018

Average account balance

$137,546

+17.1% from 2018

Annual return

19.34%

+24.29 pp from 2018

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2019

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 10 of 16 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850	Other Services	$130,720
RBC WEALTH MANAGEMENT5+ years Service code 27 · EIN 41-1416330	Advisory (Plan)	$80,105
ALLIANCE BENEFIT GROUP2 years Filed as: ALLIANCE BENEFIT GROUP SOUTHWEST Service code 13 · EIN 38-3944313	Contract Administrator	$6,456
CHARLES SCHWAB & CO., INC.3 years Filed as: CHARLES SCHWAB & CO, INC. Service code 59 · EIN 94-1737782	Shareholder Servicing	$56
AMERICAN FUNDS3 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB & CO Service code 59	Shareholder Servicing	$0
DIAMOND HILL3 years Service code 52 · EIN 31-6547095	Indirect Investment Fees	$0
FRANKLIN TEMPLETON3 years Service code 52 · EIN 59-6865210	Indirect Investment Fees	$0
HARRIS3 years Service code 52 · EIN 52-2257782	Indirect Investment Fees	$0
JANUS HENDERSON3 years Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3D

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.
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

$145K

$575 / participant

Investment mgmt$130K89.7%
Contract admin$15K10.3%

% of EOY assets

0.360%

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: LOFTIS & LOVATO GROUP
Auditor EIN: 843463346
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$137,546

$62,928+118.6%

$172,755-20.4%

$67,579+103.5%

Participation rate

95.6%

64.5%+31.2pp

82.6%+13.0pp

71.3%+24.4pp

Annual return

19.34%

30.36%-11.0pp

802.94%-783.6pp

378.56%-359.2pp

Employer contribution / active EE

$6,679

$1,636+308.2%

$5,144+29.8%

$2,148+211.0%

Participant deferral / active EE

$4,538

$2,145+111.6%

$5,198-12.7%

$3,539+28.2%

Admin fee / account holder

$495

$167+197.0%

$13,955-96.5%

$142+247.8%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

Other Services

$130,720

RBC WEALTH MANAGEMENT5+ years

Service code 27 · EIN 41-1416330

Advisory (Plan)

$80,105

ALLIANCE BENEFIT GROUP2 years

Filed as: ALLIANCE BENEFIT GROUP SOUTHWEST

Service code 13 · EIN 38-3944313

Contract Administrator

$6,456

CHARLES SCHWAB & CO., INC.3 years

Filed as: CHARLES SCHWAB & CO, INC.

Service code 59 · EIN 94-1737782

Shareholder Servicing

$56

AMERICAN FUNDS3 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB & CO

Service code 59

Shareholder Servicing

DIAMOND HILL3 years

Service code 52 · EIN 31-6547095

Indirect Investment Fees

FRANKLIN TEMPLETON3 years

Service code 52 · EIN 59-6865210

Indirect Investment Fees

HARRIS3 years

Service code 52 · EIN 52-2257782

Indirect Investment Fees

JANUS HENDERSON3 years

Service code 52 · EIN 84-0592523

Indirect Investment Fees

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