Retirement plan

NEW MEXICO ONCOLOGY HEMATOLOGY CONSULTANTS, LTD 401(K) PROFIT SHARING PLAN

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

NEW MEXICO ONCOLOGY HEMATOLOGY CONSULTANTS, LTDEIN 85-0367056Plan #001PY 2016

4901 LANG AVENUE NE - ALBUQUERQUE, NM 87109505-842-8171

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$16.2M

+6.6% from 2015

Total participants

254

+17.6% from 2015

Average account balance

$81,649

+3.9% from 2015

Annual return

7.40%

+7.94 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

$26.71M

Not enough data

1 years with asset history on file

Average account balance

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

$103K

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.

260

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.

80.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$444

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 1 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.2+ years Service code 13 · EIN 27-2037969	Contract Administrator	$9,003

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$9K

$51 / participant

Contract admin$9K100.0%

% of EOY assets

0.056%

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: REDW LLC
Auditor EIN: 850203431
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$81,649

$46,732+74.7%

$156,551-47.8%

$55,167+48.0%

Participation rate

68.2%

65.8%+2.4pp

84.0%-15.8pp

69.0%-0.8pp

Annual return

7.40%

17.72%-10.3pp

32.23%-24.8pp

169.23%-161.8pp

Employer contribution / active EE

$1,228

$2,105-41.7%

$5,501-77.7%

$1,963-37.4%

Participant deferral / active EE

$2,832

$2,204+28.5%

$4,871-41.9%

$3,054-7.3%

Admin fee / account holder

$45

$418-89.1%

$13,028-99.7%

$504-91.0%

Provider

Service type

Compensation

NEWPORT GROUP, INC.2+ years

Service code 13 · EIN 27-2037969

Contract Administrator

$9,003

NEW MEXICO ONCOLOGY HEMATOLOGY CONSULTANTS, LTD 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW MEXICO ONCOLOGY HEMATOLOGY CONSULTANTS, LTD 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