Retirement plan

FLAGSHIP ORAL SURGERY PARTNERS, LLC 401(K) RETIREMENT PLAN

Name: FLAGSHIP ORAL SURGERY PARTNERS, LLC - FLAGSHIP ORAL SURGERY PARTNERS, LLC 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: FLAGSHIP ORAL SURGERY PARTNERS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FLAGSHIP ORAL SURGERY PARTNERS, LLC 401(K) RETIREMENT PLAN, FLAGSHIP ORAL SURGERY PARTNERS, LLC

FLAGSHIP ORAL SURGERY PARTNERS, LLCEIN 87-1634449Plan #001PY 2024

5550 77 CENTER DRIVE, SUITE 320 - CHARLOTTE, NC 28217704-820-1187

Prospect flagsHigh cashLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$32.8M

+84.5% from 2023

Total participants

582

-5.8% from 2023

Average account balance

$85,542

+137.9% from 2023

Annual return

73.28%

+55.15 pp from 2023

Benchmarks

See 4,134 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,134 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$32.85M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

384

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.

65.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+73.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$249

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

See the 3-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.1 year Filed as: VANGUARD GROUP INC. Service code 15 · EIN 23-1945930 100 VANGUARD BOULEVARD · MALVERN, PA 193552331	Recordkeeping	$61,068
COMMONWEALTH FINANCIAL NETWORK1 year Service code 27 · EIN 04-2675571 280 CONGRESS STREET · BOSTON, MA 02210	Advisory (Plan)	$23,534
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISORY SERVICES, LLC Service code 27 · EIN 35-2552359 5707 SOUTHWEST PARKWAY · AUSTIN, TX 78735	Advisory (Plan)	$10,846
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$1,648

Plan features & details

Pension benefit codes2A2E2J2F2G3D3H2T2K

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

$96K

$168 / participant

Contract admin$96K100.0%

% of EOY assets

0.291%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CARON & BLETZER, PLLC
Auditor EIN: 043499945
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$85,542

$50,820+68.3%

$155,567-45.0%

$77,671+10.1%

Participation rate

65.2%

63.1%+2.1pp

78.2%-13.0pp

70.6%-5.4pp

Annual return

73.28%

34.85%+38.4pp

64.74%+8.5pp

31.21%+42.1pp

Employer contribution / active EE

$1,532

$1,993-23.1%

$4,674-67.2%

$2,726-43.8%

Participant deferral / active EE

$3,921

$2,823+38.9%

$5,628-30.3%

$4,648-15.6%

Admin fee / account holder

$249

$436-42.9%

$15,916-98.4%

$430-42.1%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.1 year

Filed as: VANGUARD GROUP INC.

Service code 15 · EIN 23-1945930

100 VANGUARD BOULEVARD · MALVERN, PA 193552331

Recordkeeping

$61,068

COMMONWEALTH FINANCIAL NETWORK1 year

Service code 27 · EIN 04-2675571

280 CONGRESS STREET · BOSTON, MA 02210

Advisory (Plan)

$23,534

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISORY SERVICES, LLC

Service code 27 · EIN 35-2552359

5707 SOUTHWEST PARKWAY · AUSTIN, TX 78735

Advisory (Plan)

$10,846

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$1,648

FLAGSHIP ORAL SURGERY PARTNERS, LLC 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FLAGSHIP ORAL SURGERY PARTNERS, LLC 401(K) RETIREMENT 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