Retirement plan

PRAXIS MEDICAL GROUP 401(K) PLAN

Name: PRAXIS MEDICAL GROUP, PC - PRAXIS MEDICAL GROUP 401(K) PLAN (2015) Form 5500
Creator: PRAXIS MEDICAL GROUP, PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PRAXIS MEDICAL GROUP 401(K) PLAN, PRAXIS MEDICAL GROUP, PC

PRAXIS MEDICAL GROUP, PCEIN 93-1224010Plan #001PY 2015

PO BOX 1517, 2460 SW PERKINS AVE - PENDLETON, OR 978010410541-278-4741gopraxishealth.comLinkedIn201-500 employeesmedical practice

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$3.1M

No prior year

Total participants

133

No prior year

Average account balance

$30,047

No prior year

Annual return

2.87%

No prior year

Benchmarks

See 4,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort4,452 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.08M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

594

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.

95.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+12.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$216

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 4 by compensation

Provider	Service type	Compensation
TPG FINANCIAL ADVISORS, LLC1+ years Service code 27 11740 SW 68TH PKWY SUITE 200 · PORTLAND, OH 97223	Advisory (Plan)	$6,933
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$5,968
NORTHWEST RETIREMENT PLANS, INC.1+ years Service code 13 3235 HILLCREST PARK DRIVE STE 100 · MEDFORD, OR 97504	Contract Administrator	$2,773
GREAT-WEST LIFE & ANNUITY INSURANCE1+ years Filed as: ADVISED ASSET GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$1,296

Plan features & details

Pension benefit codes2E2J2K2F2G2T3D

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$6K

$64 / participant

Investment mgmt$6K100.0%

% of EOY assets

0.211%

all-in expense ratio

Categories reported

1 / 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: JONES & ROTH, P.C.
Auditor EIN: 930819646
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,047

$46,360-35.2%

$147,618-79.6%

$52,331-42.6%

Participation rate

69.3%

64.9%+4.4pp

84.6%-15.3pp

68.1%+1.2pp

Annual return

2.87%

1.62%+1.2pp

61.98%-59.1pp

4.54%-1.7pp

Employer contribution / active EE

$573

$2,126-73.0%

$5,565-89.7%

$1,882-69.5%

Participant deferral / active EE

$4,576

$2,258+102.7%

$4,895-6.5%

$3,022+51.4%

Admin fee / account holder

$63

$766-91.7%

$11,612-99.5%

$592-89.3%

Provider

Service type

Compensation

TPG FINANCIAL ADVISORS, LLC1+ years

Service code 27

11740 SW 68TH PKWY SUITE 200 · PORTLAND, OH 97223

Advisory (Plan)

$6,933

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$5,968

NORTHWEST RETIREMENT PLANS, INC.1+ years

Service code 13

3235 HILLCREST PARK DRIVE STE 100 · MEDFORD, OR 97504

Contract Administrator

$2,773

GREAT-WEST LIFE & ANNUITY INSURANCE1+ years

Filed as: ADVISED ASSET GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$1,296

PRAXIS MEDICAL GROUP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PRAXIS MEDICAL GROUP 401(K) 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