Retirement plan

GRAYBILL MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN

Name: GRAYBILL MEDICAL GROUP, INC. - GRAYBILL MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: GRAYBILL MEDICAL GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GRAYBILL MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN, GRAYBILL MEDICAL GROUP, INC.

GRAYBILL MEDICAL GROUP, INC.EIN 95-3123703Plan #003PY 2018

225 EAST SECOND AVE. - ESCONDIDO, CA 92025760-291-6657graybill.orgLinkedIn201-500 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$29.2M

-2.4% from 2017

Total participants

401

-18.0% from 2017

Average account balance

$83,437

+33.0% from 2017

Annual return

-4.09%

-23.08 pp from 2017

Benchmarks

See 3,850 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,850 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$51.18M

Not enough data

1 years with asset history on file

Average account balance

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

$274K

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.

187

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.75M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$33K

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

+13.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$479

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 3 by compensation

Provider	Service type	Compensation
NORTHRUP4+ years Service code 26 · EIN 01-0233246	Advisory (Participants)	$54,141
SAN DIEGO PENSION CONSULTANTS4+ years Filed as: SAN DIEGO PENSION CONSULTANTS INC. Service code 49 5628 COPLEY DR · SAN DIEGO, CA 92111	Other Services	$28,172
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK LIFE INSURANCE Service code 15 · EIN 01-0233346	Recordkeeping	$3,192

Plan features & details

Pension benefit codes2A2E2G2J2F3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$134K

$370 / participant

Investment mgmt$4170.3%
Contract admin$8K6.3%
Other / not subdivided$125K93.4%

% of EOY assets

0.458%

all-in expense ratio

Categories reported

2 / 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: ALDRICH CPAS AND ADVISORS LLP
Auditor EIN: 930623286
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$83,437

$37,196+124.3%

$154,108-45.9%

$55,725+49.7%

Participation rate

85.9%

64.1%+21.8pp

83.0%+2.8pp

70.9%+15.0pp

Annual return

-4.09%

1319.68%-1323.8pp

735.21%-739.3pp

244.93%-249.0pp

Employer contribution / active EE

$3,377

$1,614+109.2%

$5,298-36.3%

$2,078+62.5%

Participant deferral / active EE

$4,406

$2,068+113.0%

$5,081-13.3%

$3,356+31.3%

Admin fee / account holder

$382

$102+276.0%

$13,411-97.2%

$115+231.6%

Provider

Service type

Compensation

NORTHRUP4+ years

Service code 26 · EIN 01-0233246

Advisory (Participants)

$54,141

SAN DIEGO PENSION CONSULTANTS4+ years

Filed as: SAN DIEGO PENSION CONSULTANTS INC.

Service code 49

5628 COPLEY DR · SAN DIEGO, CA 92111

Other Services

$28,172

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK LIFE INSURANCE

Service code 15 · EIN 01-0233346

Recordkeeping

$3,192

GRAYBILL MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GRAYBILL 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