Retirement plan

SOUTHERN OREGON ORTHOPEDICS, INC. 401(K) PROFIT SHARING PLAN

Name: SOUTHERN OREGON ORTHOPEDICS, INC. - SOUTHERN OREGON ORTHOPEDICS, INC. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: SOUTHERN OREGON ORTHOPEDICS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOUTHERN OREGON ORTHOPEDICS, INC. 401(K) PROFIT SHARING PLAN, SOUTHERN OREGON ORTHOPEDICS, INC.

SOUTHERN OREGON ORTHOPEDICS, INC.EIN 93-0587572Plan #001PY 2016

2780 E. BARNETT ROAD, SUITE 200 - MEDFORD, OR 975048674541-779-6250oregonortho.comLinkedIn11-50 employeeshospital & health care

Other plans on this EIN

1 filing

#003Retirement-$4.2M assets

Prospect flagsHigh feesHigh cashFailed to transmit contributions

How to read this page

Total assets (EOY)

$13.8M

+2.8% from 2015

Total participants

129

+10.3% from 2015

Average account balance

$106,749

-6.8% from 2015

Annual return

4.87%

+13.12 pp from 2015

Benchmarks

See 17,769 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,769 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$26.82M

Not enough data

1 years with asset history on file

Average account balance

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

$102K

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.

264

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.

81.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.64M

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

+16.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$462

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 2 by compensation

Provider	Service type	Compensation
CRITERION CAPITAL ADVISORS LLC2+ years Filed as: CRITERION WEALTH ADVISORS Service code 26 26650 THE OLD ROAD, SUITE 110 · VALENCIA, CA 91381	Advisory (Participants)	$93,342
NEWPORT GROUP, INC.2+ years Filed as: THE NEWPORT GROUP Service code 15 35 IRON POINT CIRCLE, SUITE 300 · FOLSOM, CA 95630	Recordkeeping	$61,480

Plan features & details

Pension benefit codes2E2J2A2F2G2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$155K

$1701 / participant

Investment mgmt$93K60.3%
Contract admin$61K39.7%

% of EOY assets

1.124%

all-in expense ratio

Categories reported

2 / 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: MOSS ADAMS, LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,749

$77,638+37.5%

$156,551-31.8%

$62,881+69.8%

Participation rate

100.0%

71.2%+28.8pp

84.0%+16.0pp

69.3%+30.7pp

Annual return

4.87%

50.33%-45.5pp

32.23%-27.4pp

20.14%-15.3pp

Employer contribution / active EE

$8,257

$3,444+139.8%

$5,501+50.1%

$2,281+262.0%

Participant deferral / active EE

$4,511

$3,046+48.1%

$4,871-7.4%

$3,203+40.8%

Admin fee / account holder

$1,200

$5,561-78.4%

$13,028-90.8%

$4,296-72.1%

Provider

Service type

Compensation

CRITERION CAPITAL ADVISORS LLC2+ years

Filed as: CRITERION WEALTH ADVISORS

Service code 26

26650 THE OLD ROAD, SUITE 110 · VALENCIA, CA 91381

Advisory (Participants)

$93,342

NEWPORT GROUP, INC.2+ years

Filed as: THE NEWPORT GROUP

Service code 15

35 IRON POINT CIRCLE, SUITE 300 · FOLSOM, CA 95630

Recordkeeping

$61,480

SOUTHERN OREGON ORTHOPEDICS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOUTHERN OREGON ORTHOPEDICS, INC. 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