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 (2020) 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 2020

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

Other plans on this EIN

1 filing

#004Retirement-$26.1M assets

Prospect flagsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$356.9M

-7.7% from 2016

Total participants

569

-1.5% from 2016

Average account balance

$651,296

-5.6% from 2016

Annual return

17.38%

-5.18 pp from 2016

Benchmarks

See 3,871 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,871 peers

Snapshot2020

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
NFP RETIREMENT INC1 year Filed as: NFP RETIREMENT Service code 17 · EIN 33-0905143	Pension Consulting	$78,125
STRATEGIC ADVISORS, INC.6+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$33,782
ONEDIGITAL INVESTMENT ADVISORS LLC1 year Filed as: KRAVITZ, LLC Service code 17 · EIN 82-3719843	Pension Consulting	$8,250
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Filed as: FIDEILTY INVESTMENTS INSTITUTIONAL Service code 60	Sub-TA Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL6+ 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

Admin total

$34K

$80 / participant

Investment mgmt$34K100.0%

% of EOY assets

0.009%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$651,296

$52,303+1145.2%

$178,510+264.9%

$73,415+787.1%

Participation rate

95.0%

65.3%+29.7pp

81.9%+13.1pp

72.2%+22.8pp

Annual return

17.38%

34.76%-17.4pp

151.13%-133.7pp

59.30%-41.9pp

Employer contribution / active EE

$24,690

$1,737+1321.8%

$5,011+392.7%

$2,234+1005.3%

Participant deferral / active EE

$17,635

$2,334+655.6%

$5,202+239.0%

$3,806+363.3%

Admin fee / account holder

$62

$127-51.6%

$13,988-99.6%

$158-61.0%

Provider

Service type

Compensation

NFP RETIREMENT INC1 year

Filed as: NFP RETIREMENT

Service code 17 · EIN 33-0905143

Pension Consulting

$78,125

STRATEGIC ADVISORS, INC.6+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$33,782

ONEDIGITAL INVESTMENT ADVISORS LLC1 year

Filed as: KRAVITZ, LLC

Service code 17 · EIN 82-3719843

Pension Consulting

$8,250

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Filed as: FIDEILTY INVESTMENTS INSTITUTIONAL

Service code 60

Sub-TA Fees

FIDELITY INVESTMENTS INSTITUTIONAL6+ 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