Retirement plan

NORTHWEST ORTHOPAEDIC SPECIALIST, P.S. 401(K) SAVINGS PLAN

Name: NORTHWEST ORTHOPAEDIC SPECIALIST, P .S. - NORTHWEST ORTHOPAEDIC SPECIALIST, P.S. 401(K) SAVINGS PLAN (2020) Form 5500
Creator: NORTHWEST ORTHOPAEDIC SPECIALIST, P .S.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHWEST ORTHOPAEDIC SPECIALIST, P.S. 401(K) SAVINGS PLAN, NORTHWEST ORTHOPAEDIC SPECIALIST, P .S.

NORTHWEST ORTHOPAEDIC SPECIALIST, P .S.EIN 91-1502837Plan #004PY 2020

601 W. 5TH AVE., SUITE 400 - SPOKANE, WA 99204509-624-2226nworthopaedicspecialists.comLinkedIn201-500 employeesmedical practice

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$67.4M

+16.4% from 2019

Total participants

367

+18.4% from 2019

Average account balance

$203,749

-99.6% from 2019

Annual return

16.85%

-4.58 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$76.49M

Not enough data

1 years with asset history on file

Average account balance

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

$184K

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.

415

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+17.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$857

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 7 by compensation

Provider	Service type	Compensation
NORTHERN CAPITAL MANAGEMENT4 years Service code 26 · EIN 91-1548437	Advisory (Participants)	$110,267
GIBSON CAPITAL, LLC4 years Service code 26 6600 BROOKTREE COURT · WEXFORD, PA 15090	Advisory (Participants)	$31,343
RANDALL & HURLEY, INC.6+ years Service code 15 · EIN 91-1661080 1328 N. WHITMAN LANE · LIBERTY LAKE, WA 99019	Recordkeeping	$17,973
CHARLES SCHWAB & CO., INC.6+ years Filed as: CHARLES SCHWAB BANK Service code 18 · EIN 82-3967259	Custodial (other than securities); Sh...	$15,656
MERRILL LYNCH PIERCE FENNER & SMITH5 years Filed as: MERRILL LYNCH PIERCE FENNER SMITH Service code 28 · EIN 13-5674085	Investment Management	$10,962
NORTH AMERICAN KTRADE ALLIANCE, LLC3 years Filed as: NORTH STAR RESOURCE GROUP Service code 26 2945 TRIVERTON PIKE DRIVE · MADISON, WI 537117509	Advisory (Participants)	$6,608
CHARLES SCHWAB & CO., INC.6+ years Service code 59 · EIN 94-1737782	Shareholder Servicing	$938

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D2R2A

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.
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.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$217K

$701 / participant

Investment mgmt$199K91.7%
Other / not subdivided$18K8.3%

% of EOY assets

0.321%

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: EIDE BAILLY, LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$203,749

$52,293+289.6%

$178,503+14.1%

$73,412+177.5%

Participation rate

88.3%

65.3%+23.0pp

81.9%+6.4pp

72.2%+16.2pp

Annual return

16.85%

34.75%-17.9pp

151.12%-134.3pp

59.30%-42.4pp

Employer contribution / active EE

$5,270

$1,736+203.5%

$5,011+5.2%

$2,234+135.9%

Participant deferral / active EE

$4,501

$2,333+92.9%

$5,202-13.5%

$3,806+18.3%

Admin fee / account holder

$655

$127+414.2%

$13,987-95.3%

$158+314.7%

Provider

Service type

Compensation

NORTHERN CAPITAL MANAGEMENT4 years

Service code 26 · EIN 91-1548437

Advisory (Participants)

$110,267

GIBSON CAPITAL, LLC4 years

Service code 26

6600 BROOKTREE COURT · WEXFORD, PA 15090

Advisory (Participants)

$31,343

RANDALL & HURLEY, INC.6+ years

Service code 15 · EIN 91-1661080

1328 N. WHITMAN LANE · LIBERTY LAKE, WA 99019

Recordkeeping

$17,973

CHARLES SCHWAB & CO., INC.6+ years

Filed as: CHARLES SCHWAB BANK

Service code 18 · EIN 82-3967259

Custodial (other than securities); Sh...

$15,656

MERRILL LYNCH PIERCE FENNER & SMITH5 years

Filed as: MERRILL LYNCH PIERCE FENNER SMITH

Service code 28 · EIN 13-5674085

Investment Management

$10,962

NORTH AMERICAN KTRADE ALLIANCE, LLC3 years

Filed as: NORTH STAR RESOURCE GROUP

Service code 26

2945 TRIVERTON PIKE DRIVE · MADISON, WI 537117509

Advisory (Participants)

$6,608

CHARLES SCHWAB & CO., INC.6+ years

Service code 59 · EIN 94-1737782

Shareholder Servicing

$938

NORTHWEST ORTHOPAEDIC SPECIALIST, P.S. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHWEST ORTHOPAEDIC SPECIALIST, P.S. 401(K) 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