Retirement plan

GOULD MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN

Name: GOULD MEDICAL GROUP, INC. - GOULD MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: GOULD MEDICAL GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOULD MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN, GOULD MEDICAL GROUP, INC.

GOULD MEDICAL GROUP, INC.EIN 94-2151374Plan #003PY 2017

600 COFFEE ROAD - MODESTO, CA 95355209-521-6097LinkedIn201-500 employeeshospital & health care

Other plans on this EIN

1 filing

#004Retirement-$14.6M assets

Prospect flagsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$265.7M

-7.7% from 2016

Total participants

510

-1.5% from 2016

Average account balance

$539,038

-5.6% from 2016

Annual return

18.46%

-5.18 pp from 2016

Benchmarks

See 3,812 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,812 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$483.31M

Not enough data

1 years with asset history on file

Average account balance

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

$776K

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.

623

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.

92.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23.51M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$48K

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

+23.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-245

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 5 by compensation

Provider	Service type	Compensation
GOULD MEDICAL GROUP, INC.1 year Service code 14 · EIN 94-2151374	Plan Administrator	$72,590
STRATEGIC ADVISORS, INC.3+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$30,104
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Filed as: FIDEILTY INVESTMENTS INSTITUTIONAL Service code 60	Sub-TA Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Filed as: FIDELITY INVESMENTS INSTITUTIONAL Service code 60	Sub-TA Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D

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.
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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

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: BOWMAN & COMPANY LLP
Auditor EIN: 941481988
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$539,038

$46,182+1067.2%

$170,435+216.3%

$69,634+674.1%

Participation rate

95.7%

63.9%+31.8pp

83.6%+12.1pp

70.7%+25.0pp

Annual return

18.46%

21.40%-2.9pp

205.94%-187.5pp

27572.26%-27553.8pp

Employer contribution / active EE

$22,220

$1,610+1280.0%

$5,432+309.0%

$2,032+993.4%

Participant deferral / active EE

$15,684

$2,081+653.8%

$4,939+217.5%

$3,224+386.5%

Admin fee / account holder

-$151

$116-230.5%

$13,881-101.1%

$110-237.1%

Provider

Service type

Compensation

GOULD MEDICAL GROUP, INC.1 year

Service code 14 · EIN 94-2151374

Plan Administrator

$72,590

STRATEGIC ADVISORS, INC.3+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$30,104

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Filed as: FIDEILTY INVESTMENTS INSTITUTIONAL

Service code 60

Sub-TA Fees

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Filed as: FIDELITY INVESMENTS INSTITUTIONAL

Service code 60

Sub-TA Fees

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 60

Sub-TA Fees

GOULD MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOULD MEDICAL GROUP, 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