Retirement plan

ORTHOAMERICA HOLDINGS, LLC EMPLOYEE SAVINGS PLAN

Name: ORTHOAMERICA HOLDINGS, LLC - ORTHOAMERICA HOLDINGS, LLC EMPLOYEE SAVINGS PLAN (2021) Form 5500
Creator: ORTHOAMERICA HOLDINGS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORTHOAMERICA HOLDINGS, LLC EMPLOYEE SAVINGS PLAN, ORTHOAMERICA HOLDINGS, LLC

ORTHOAMERICA HOLDINGS, LLCEIN 85-2012124Plan #001PY 2021

2165 EARLYWOOD DRIVE - FRANKLIN, IN 46131317-431-0579

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$12.1M

-7.4% from 2020

Total participants

123

-14.0% from 2020

Average account balance

$104,109

-0.2% from 2020

Annual return

11.46%

-2.75 pp from 2020

Benchmarks

See 14,566 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,566 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.62M

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

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.

96.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$311K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+16.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6738

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 2 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO Service code 15 · EIN 34-1542819	Recordkeeping	$24,982
ADP BROKER-DEALER2+ years Filed as: ADP, INC. Service code 15 · EIN 13-3036745	Recordkeeping	$21,201

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

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

$46K

$1026 / participant

Other / not subdivided$46K100.0%

% of EOY assets

0.382%

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: KEMPER CPA GROUP LLP
Auditor EIN: 370818432
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$104,109

$86,288+20.7%

$111,306-6.5%

$85,851+21.3%

Participation rate

84.4%

73.3%+11.1pp

77.3%+7.1pp

69.3%+15.1pp

Annual return

11.46%

19.99%-8.5pp

54.67%-43.2pp

318.63%-307.2pp

Employer contribution / active EE

$3,065

$2,044+50.0%

$2,732+12.2%

$2,565+19.5%

Participant deferral / active EE

$5,237

$3,641+43.8%

$4,488+16.7%

$3,952+32.5%

Admin fee / account holder

$398

$8,189-95.1%

$7,966-95.0%

$6,261-93.6%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.2+ years

Filed as: WELLS FARGO

Service code 15 · EIN 34-1542819

Recordkeeping

$24,982

ADP BROKER-DEALER2+ years

Filed as: ADP, INC.

Service code 15 · EIN 13-3036745

Recordkeeping

$21,201

ORTHOAMERICA HOLDINGS, LLC EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORTHOAMERICA HOLDINGS, LLC EMPLOYEE SAVINGS 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