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 (2022) 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 2022

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

Other plans on this EIN

1 filing

#004Retirement-$31.3M assets

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$327.7M

-7.7% from 2016

Total participants

595

-1.5% from 2016

Average account balance

$572,891

-5.6% from 2016

Annual return

-17.87%

-5.18 pp from 2016

Benchmarks

See 3,874 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,874 peers

Snapshot2022

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 6 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.8+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$62,098
NFP RETIREMENT INC3 years Filed as: NFP RETIREMENT Service code 17 · EIN 33-0905143	Pension Consulting	$46,875
ONEDIGITAL INVESTMENT ADVISORS LLC3 years Filed as: KRAVITZ, LLC Service code 17 · EIN 82-3719843	Pension Consulting	$16,336
ESOP LAW GROUP1 year Filed as: EMPLOYEE BENEFITS LAW GROUP PC Service code 29 · EIN 68-0195995	Legal	$5,057
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Filed as: FIDEILTY INVESTMENTS INSTITUTIONAL Service code 60	Sub-TA Fees	$0
FIDELITY INVESTMENTS INSTITUTIONAL8+ years Service code 37 · EIN 04-2647786	Loan Processing	$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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$62K

$146 / participant

Investment mgmt$62K100.0%

% of EOY assets

0.019%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$572,891

$46,339+1136.3%

$143,801+298.4%

$64,829+783.7%

Participation rate

94.6%

64.3%+30.3pp

80.3%+14.3pp

71.5%+23.1pp

Annual return

-17.87%

-10.05%-7.8pp

-0.04%-17.8pp

32.85%-50.7pp

Employer contribution / active EE

$27,047

$1,911+1315.3%

$4,952+446.1%

$2,507+978.8%

Participant deferral / active EE

$18,010

$2,648+580.1%

$5,639+219.4%

$4,312+317.7%

Admin fee / account holder

$109

$154-29.4%

$14,680-99.3%

$188-42.2%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.8+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$62,098

NFP RETIREMENT INC3 years

Filed as: NFP RETIREMENT

Service code 17 · EIN 33-0905143

Pension Consulting

$46,875

ONEDIGITAL INVESTMENT ADVISORS LLC3 years

Filed as: KRAVITZ, LLC

Service code 17 · EIN 82-3719843

Pension Consulting

$16,336

ESOP LAW GROUP1 year

Filed as: EMPLOYEE BENEFITS LAW GROUP PC

Service code 29 · EIN 68-0195995

Legal

$5,057

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Filed as: FIDEILTY INVESTMENTS INSTITUTIONAL

Service code 60

Sub-TA Fees

FIDELITY INVESTMENTS INSTITUTIONAL8+ years

Service code 37 · EIN 04-2647786

Loan Processing

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