Retirement plan

TORRANCE ORTHOPEDIC & SPORTS MEDICINE GROUP 401 (K) PROFIT SHARING PLAN

Name: TORRANCE ORTHOPEDIC & SPORTS MEDICINE GROUP - TORRANCE ORTHOPEDIC & SPORTS MEDICINE GROUP 401 (K) PROFIT SHARING PLAN (2020) Form 5500
Creator: TORRANCE ORTHOPEDIC & SPORTS MEDICINE GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TORRANCE ORTHOPEDIC & SPORTS MEDICINE GROUP 401 (K) PROFIT SHARING PLAN, TORRANCE ORTHOPEDIC & SPORTS MEDICINE GROUP

TORRANCE ORTHOPEDIC & SPORTS MEDICINE GROUPEIN 95-3791747Plan #001PY 2020

5215 TORRANCE BLVD #210 - TORRANCE, CA 90503310-265-3151tosmg.comLinkedIn11-50 employeeshealth, wellness and fitness

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.3M

+10.9% from 2019

Total participants

144

+8.3% from 2019

Average account balance

$88,556

+15.3% from 2019

Annual return

10.90%

-7.39 pp from 2019

Benchmarks

See 18,636 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,636 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.79M

Not enough data

1 years with asset history on file

Average account balance

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

$288K

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.

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.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-19.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4509

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 4 by compensation

Provider	Service type	Compensation
UBS FINANCIAL SERVICES INC1 year Filed as: UBS FINANCIAL SERVICES INC. Service code 28 · EIN 13-2638166	Investment Management	$26,526
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY INVESTMENT Service code 28 · EIN 04-3523567	Investment Management	$12,539
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH Service code 28 · EIN 13-5674085 4 WORLD FIANCIAL CENTER · NEW YORK, NY 10281	Investment Management	$9,338
UNITED OF OMAHA1 year Filed as: MUTUAL OF OMAHA Service code 63 · EIN 47-0246511	12b-1 Fees	$560

Plan features & details

Pension benefit codes2A2E2G2J3D3H2R

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$58K

$603 / participant

Investment mgmt$54K92.6%
Contract admin$4K7.3%
Other / not subdivided$620.1%

% of EOY assets

0.516%

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: STEPHENS, REIDINGER & BELLER LLP
Auditor EIN: 330639599
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,556

$91,167-2.9%

$178,498-50.4%

$79,858+10.9%

Participation rate

83.5%

69.2%+14.3pp

81.9%+1.6pp

69.6%+13.9pp

Annual return

10.90%

24.19%-13.3pp

151.09%-140.2pp

31.72%-20.8pp

Employer contribution / active EE

$1,400

$3,255-57.0%

$5,011-72.1%

$2,471-43.4%

Participant deferral / active EE

$2,256

$3,236-30.3%

$5,202-56.6%

$3,740-39.7%

Admin fee / account holder

$457

$6,747-93.2%

$13,985-96.7%

$5,306-91.4%

Provider

Service type

Compensation

UBS FINANCIAL SERVICES INC1 year

Filed as: UBS FINANCIAL SERVICES INC.

Service code 28 · EIN 13-2638166

Investment Management

$26,526

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY INVESTMENT

Service code 28 · EIN 04-3523567

Investment Management

$12,539

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH

Service code 28 · EIN 13-5674085

4 WORLD FIANCIAL CENTER · NEW YORK, NY 10281

Investment Management

$9,338

UNITED OF OMAHA1 year

Filed as: MUTUAL OF OMAHA

Service code 63 · EIN 47-0246511

12b-1 Fees

$560

TORRANCE ORTHOPEDIC & SPORTS MEDICINE GROUP 401 (K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TORRANCE ORTHOPEDIC & SPORTS MEDICINE GROUP 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