Retirement plan

SCRIPPS CLINIC MEDICAL GROUP, INC. RETIREMENT SAVINGS PLAN

Name: SCRIPPS CLINIC MEDICAL GROUP, INC. - SCRIPPS CLINIC MEDICAL GROUP, INC. RETIREMENT SAVINGS PLAN (2023) Form 5500
Creator: SCRIPPS CLINIC MEDICAL GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCRIPPS CLINIC MEDICAL GROUP, INC. RETIREMENT SAVINGS PLAN, SCRIPPS CLINIC MEDICAL GROUP, INC.

SCRIPPS CLINIC MEDICAL GROUP, INC.EIN 95-2885574Plan #003PY 2023

10666 NORTH TORREY PINES ROAD, MAILDROP-MS129 - LA JOLLA, CA 92037858-554-8500scrippsclinicmedicalgroup.comLinkedIn1001-5000 employeesmedical practice

Other plans on this EIN

1 filing

#004Retirement--

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$834.8M

-8.2% from 2016

Total participants

1,374

-5.2% from 2016

Average account balance

$678,172

-2.6% from 2016

Annual return

25.06%

-7.64 pp from 2016

Benchmarks

See 1,405 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,405 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$962.12M

Not enough data

1 years with asset history on file

Average account balance

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

$761K

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.

1,264

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.

94.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$45.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$43K

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

+13.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1424

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 10 of 23 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.3 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$655,161
DEL MAR WEALTH MANAGEMENT7 years Service code 26 · EIN 46-4216041	Advisory (Participants)	$216,237
HOYLECOHEN LLC9+ years Service code 26 · EIN 20-4860430	Advisory (Participants)	$143,921
EP WEALTH ADVISORS LLC6 years Service code 26 · EIN 33-0152539	Advisory (Participants)	$105,313
CORIENT PRIVATE WEALTH LLC1 year Service code 26 · EIN 88-0967642	Advisory (Participants)	$78,283
BLANKINSHIP & FOSTER LLC9+ years Service code 26 · EIN 33-0357690	Advisory (Participants)	$70,156
FISHER INVESTMENTS9+ years Service code 26 · EIN 20-2480800	Advisory (Participants)	$48,553
WEATHERLY ASSET MANAGEMENT1 year Filed as: WEATHERLY ASSET MANAGEMENT LP Service code 26 · EIN 33-0638187	Advisory (Participants)	$38,220
CHARLES SCHWAB & CO., INC.9+ years Service code 33 · EIN 94-1737782	Shareholder servicing fees; Securitie...	$27,280
INDEPENDENT FINANCIAL GROUP LLC7 years Filed as: INDEPENDENT FINANCIAL GROUP LL Service code 26 · EIN 71-0927304	Advisory (Participants)	$25,266

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2T3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

4 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).
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

$1.5M

$1351 / participant

Recordkeeping$6000.0%
Investment mgmt$2M100.0%

% of EOY assets

0.184%

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: HUTCHINSON & BLOODGOOD LLP
Auditor EIN: 950858589
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$678,172

$50,169+1251.8%

$149,740+352.9%

$80,187+745.7%

Participation rate

87.4%

64.3%+23.1pp

78.8%+8.6pp

72.9%+14.5pp

Annual return

25.06%

29.82%-4.8pp

134.51%-109.5pp

40.40%-15.3pp

Employer contribution / active EE

$23,171

$1,869+1139.5%

$4,821+380.6%

$2,980+677.7%

Participant deferral / active EE

$14,762

$3,194+362.1%

$5,683+159.7%

$5,016+194.3%

Admin fee / account holder

$1,246

$153+716.2%

$13,222-90.6%

$145+759.6%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.3 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$655,161

DEL MAR WEALTH MANAGEMENT7 years

Service code 26 · EIN 46-4216041

Advisory (Participants)

$216,237

HOYLECOHEN LLC9+ years

Service code 26 · EIN 20-4860430

Advisory (Participants)

$143,921

EP WEALTH ADVISORS LLC6 years

Service code 26 · EIN 33-0152539

Advisory (Participants)

$105,313

CORIENT PRIVATE WEALTH LLC1 year

Service code 26 · EIN 88-0967642

Advisory (Participants)

$78,283

BLANKINSHIP & FOSTER LLC9+ years

Service code 26 · EIN 33-0357690

Advisory (Participants)

$70,156

FISHER INVESTMENTS9+ years

Service code 26 · EIN 20-2480800

Advisory (Participants)

$48,553

WEATHERLY ASSET MANAGEMENT1 year

Filed as: WEATHERLY ASSET MANAGEMENT LP

Service code 26 · EIN 33-0638187

Advisory (Participants)

$38,220

CHARLES SCHWAB & CO., INC.9+ years

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Securitie...

$27,280

INDEPENDENT FINANCIAL GROUP LLC7 years

Filed as: INDEPENDENT FINANCIAL GROUP LL

Service code 26 · EIN 71-0927304

Advisory (Participants)

$25,266

SCRIPPS CLINIC MEDICAL GROUP, INC. RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCRIPPS CLINIC MEDICAL GROUP, INC. RETIREMENT SAVINGS 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