Retirement plan

GROWTH ORTHOPAEDICS 401(K) PROFIT SHARING PLAN

Name: GROWTH ORTHOPAEDICS MSO, LLC - GROWTH ORTHOPAEDICS 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: GROWTH ORTHOPAEDICS MSO, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GROWTH ORTHOPAEDICS 401(K) PROFIT SHARING PLAN, GROWTH ORTHOPAEDICS MSO, LLC

GROWTH ORTHOPAEDICS MSO, LLCEIN 85-3612850Plan #001PY 2022

550 S DIXIE HWY, STE 300 - CORAL GABLES, FL 33146859-422-4569

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$14.1M

No prior year

Total participants

413

No prior year

Average account balance

$34,601

No prior year

Annual return

-14.83%

No prior year

Benchmarks

See 3,875 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,875 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.98M

Not enough data

1 years with asset history on file

Average account balance

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

$57K

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.

420

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.

99.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.80M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+38.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$330

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 3 by compensation

Provider	Service type	Compensation
MCF ADVISORS LLC1+ years Service code 27 50 E RIVERCENTER BLVD · COVINGTON, KY 41011	Advisory (Plan)	$82,751
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$47,860
MCGREGOR & ASSOCIATES, INC.1+ years Service code 13 997 GOVERNORS LANE · LEXINGTON, KY 40513	Contract Administrator	$11,890

Plan features & details

Pension benefit codes2E2G2J2K3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

$131K

$427 / participant

Contract admin$131K100.0%

% of EOY assets

0.928%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BLUE & CO., LLC
Auditor EIN: 351178661
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,601

$46,332-25.3%

$143,799-75.9%

$64,819-46.6%

Participation rate

98.4%

64.2%+34.1pp

80.3%+18.1pp

71.5%+26.9pp

Annual return

-14.83%

-10.05%-4.8pp

-0.04%-14.8pp

32.84%-47.7pp

Employer contribution / active EE

$3,452

$1,911+80.6%

$4,952-30.3%

$2,507+37.7%

Participant deferral / active EE

$2,423

$2,647-8.5%

$5,638-57.0%

$4,311-43.8%

Admin fee / account holder

$321

$154+108.6%

$14,677-97.8%

$188+70.9%

Provider

Service type

Compensation

MCF ADVISORS LLC1+ years

Service code 27

50 E RIVERCENTER BLVD · COVINGTON, KY 41011

Advisory (Plan)

$82,751

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$47,860

MCGREGOR & ASSOCIATES, INC.1+ years

Service code 13

997 GOVERNORS LANE · LEXINGTON, KY 40513

Contract Administrator

$11,890

GROWTH ORTHOPAEDICS 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GROWTH ORTHOPAEDICS 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