Retirement plan

GOLDEN STATE ORTHOPEDICS & SPINE PROFIT SHARING 401(K) PLAN

Name: GOLDEN STATE ORTHOPEDICS & SPINE - GOLDEN STATE ORTHOPEDICS & SPINE PROFIT SHARING 401(K) PLAN (2023) Form 5500
Creator: GOLDEN STATE ORTHOPEDICS & SPINE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GOLDEN STATE ORTHOPEDICS & SPINE PROFIT SHARING 401(K) PLAN, GOLDEN STATE ORTHOPEDICS & SPINE

GOLDEN STATE ORTHOPEDICS & SPINEEIN 94-3375456Plan #002PY 2023

2625 SHADELANDS DRIVE - WALNUT CREEK, CA 94598925-939-8585goldenstateortho.comLinkedIn501-1000 employeesmedical practice

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$96M

+20.7% from 2022

Total participants

702

+19.6% from 2022

Average account balance

$136,741

+0.9% from 2022

Annual return

25.49%

+8.47 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$109.45M

Not enough data

1 years with asset history on file

Average account balance

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

$143K

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.

768

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+13.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$547

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
CAPITAL PERFORMANCE ADVISORS, LLP1 year Filed as: CAPITAL PERFORMANCE ADVISORS Service code 26 · EIN 20-8077927 165 LENNON LANE, SUITE 200 · WALNUT CREEK, CA 94010	Advisory (Participants)	$209,227
PENSIONONE ADVISORS, INC.1 year Filed as: PENSIONONE ADVISORS Service code 13 · EIN 20-1407640 165 LENNON LANE, SUITE 200 · WALNUT CREEK, CA 94598	Contract Administrator	$111,747
PILLAR WEALTH MGMT LLC2 years Service code 26 · EIN 26-2819598 1255 TREAT BLVD, STE 300 · WALNUT CREEK, CA 94597	Advisory (Participants)	$38,206
THE VANGUARD GROUP, INC.2 years Service code 13 · EIN 23-1945930 P.O. BOX 982902 · EL PASO, TX 799982902	Contract Administrator	$32,525
ROCKEFELLER FINANCIAL LLC1 year Filed as: ROCKEFELLER GLOBAL FAMILY OFFICE Service code 26 · EIN 82-3226180 TWO EMBARCADERO CENTER, SUITE 2320 · SAN FRANCISCO, CA 94111	Advisory (Participants)	$30,003
LEDGEWOOD WEALTH ADVISORS2 years Service code 26 · EIN 22-3696582 92 PORTSMOUTH AVE, STE 15 · EXETER, NH 038332146	Advisory (Participants)	$18,263

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$463K

$1302 / participant

Recordkeeping$33K7.0%
Trustee / custodial$7K1.5%
Investment mgmt$312K67.4%
Contract admin$112K24.1%
Other / not subdivided$10.0%

% of EOY assets

0.483%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FRANK, RIMERMAN + CO, LLP
Auditor EIN: 941341042
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$136,741

$47,163+189.9%

$149,696-8.7%

$74,460+83.6%

Participation rate

100.0%

63.4%+36.6pp

78.8%+21.2pp

70.7%+29.3pp

Annual return

25.49%

22.75%+2.7pp

134.46%-109.0pp

34.38%-8.9pp

Employer contribution / active EE

$7,748

$1,907+306.3%

$4,821+60.7%

$2,638+193.7%

Participant deferral / active EE

$6,613

$2,730+142.2%

$5,682+16.4%

$4,530+46.0%

Admin fee / account holder

$660

$343+92.5%

$13,212-95.0%

$348+89.8%

Provider

Service type

Compensation

CAPITAL PERFORMANCE ADVISORS, LLP1 year

Filed as: CAPITAL PERFORMANCE ADVISORS

Service code 26 · EIN 20-8077927

165 LENNON LANE, SUITE 200 · WALNUT CREEK, CA 94010

Advisory (Participants)

$209,227

PENSIONONE ADVISORS, INC.1 year

Filed as: PENSIONONE ADVISORS

Service code 13 · EIN 20-1407640

165 LENNON LANE, SUITE 200 · WALNUT CREEK, CA 94598

Contract Administrator

$111,747

PILLAR WEALTH MGMT LLC2 years

Service code 26 · EIN 26-2819598

1255 TREAT BLVD, STE 300 · WALNUT CREEK, CA 94597

Advisory (Participants)

$38,206

THE VANGUARD GROUP, INC.2 years

Service code 13 · EIN 23-1945930

P.O. BOX 982902 · EL PASO, TX 799982902

Contract Administrator

$32,525

ROCKEFELLER FINANCIAL LLC1 year

Filed as: ROCKEFELLER GLOBAL FAMILY OFFICE

Service code 26 · EIN 82-3226180

TWO EMBARCADERO CENTER, SUITE 2320 · SAN FRANCISCO, CA 94111

Advisory (Participants)

$30,003

LEDGEWOOD WEALTH ADVISORS2 years

Service code 26 · EIN 22-3696582

92 PORTSMOUTH AVE, STE 15 · EXETER, NH 038332146

Advisory (Participants)

$18,263

GOLDEN STATE ORTHOPEDICS & SPINE PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GOLDEN STATE ORTHOPEDICS & SPINE PROFIT SHARING 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