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 (2023) 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 2023

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

Other plans on this EIN

1 filing

#004Retirement-$33.7M assets

Prospect flagsHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$393.3M

-7.7% from 2016

Total participants

616

-1.5% from 2016

Average account balance

$683,931

-5.6% from 2016

Annual return

19.39%

-5.18 pp from 2016

Benchmarks

See 4,033 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,033 peers

Snapshot2023

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.9+ years Service code 27 · EIN 04-2654524	Advisory (Plan)	$75,922
NFP RETIREMENT INC4 years Filed as: NFP RETIREMENT Service code 16 · EIN 33-0905143	Consulting	$62,500
ONEDIGITAL INVESTMENT ADVISORS LLC1 year Filed as: KRAVITZ LLC Service code 16 · EIN 82-3719843	Consulting	$11,089
BOWMAN & COMPANY LLP1 year Filed as: BOWMAN& COMPANY, LLP Service code 10 · EIN 94-1481988	Accounting	$10,500
FIDUCIARY ADVOCATES LLC1 year Service code 16 · EIN 88-3705625	Consulting	$5,500
FIDELITY INVESTMENTS INSTITUTIONAL9+ years Service code 37 · EIN 04-2647786	Loan Processing	-$235,488

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

-$67K

$-145 / participant

Investment mgmt$76K0.0%
Legal$4K0.0%

% of EOY assets

-0.017%

all-in expense ratio

Categories reported

2 / 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: $10,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$683,931

$47,173+1349.8%

$149,740+356.7%

$74,478+818.3%

Participation rate

91.1%

63.4%+27.7pp

78.8%+12.3pp

70.7%+20.4pp

Annual return

19.39%

22.75%-3.4pp

134.51%-115.1pp

34.37%-15.0pp

Employer contribution / active EE

$26,652

$1,903+1300.5%

$4,821+452.8%

$2,637+910.8%

Participant deferral / active EE

$17,703

$2,730+548.5%

$5,683+211.5%

$4,530+290.8%

Admin fee / account holder

-$116

$343-133.9%

$13,222-100.9%

$347-133.5%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.9+ years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$75,922

NFP RETIREMENT INC4 years

Filed as: NFP RETIREMENT

Service code 16 · EIN 33-0905143

Consulting

$62,500

ONEDIGITAL INVESTMENT ADVISORS LLC1 year

Filed as: KRAVITZ LLC

Service code 16 · EIN 82-3719843

Consulting

$11,089

BOWMAN & COMPANY LLP1 year

Filed as: BOWMAN& COMPANY, LLP

Service code 10 · EIN 94-1481988

Accounting

$10,500

FIDUCIARY ADVOCATES LLC1 year

Service code 16 · EIN 88-3705625

Consulting

$5,500

FIDELITY INVESTMENTS INSTITUTIONAL9+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$235,488

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