Retirement plan

HEAD & NECK ASSOCIATES OF ORANGE COUNTY 401(K) PLAN

Name: HEAD AND NECK ASSOCIATES OF ORANGE COUNTY, INC. - HEAD & NECK ASSOCIATES OF ORANGE COUNTY 401(K) PLAN (2023) Form 5500
Creator: HEAD AND NECK ASSOCIATES OF ORANGE COUNTY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HEAD & NECK ASSOCIATES OF ORANGE COUNTY 401(K) PLAN, HEAD AND NECK ASSOCIATES OF ORANGE COUNTY, INC.

HEAD AND NECK ASSOCIATES OF ORANGE COUNTY, INC.EIN 95-3856252Plan #003PY 2023

26726 CROWN VALLEY PKY, STE. 200 - MISSION VIEJO, CA 92691949-364-4361hnaoc.comLinkedIn51-200 employeesmedical practice

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$12.5M

+11.1% from 2022

Total participants

-20.4% from 2022

Average account balance

$139,022

+39.4% from 2022

Annual return

13.28%

+27.42 pp from 2022

Benchmarks

See 20,813 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,813 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$14.96M

Not enough data

1 years with asset history on file

Average account balance

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

$140K

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.

107

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.

157.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+15.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5972

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

0 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION3 years Service code 13 · EIN 35-1140070 1031 S. HARRISON STREET · FORT WAYNE, MI 468012248	Contract Administrator	$27,020
ECONOMIC GROUP PENSION SERVICES3 years Service code 15 PO BOX 54 · FRANKLIN SQUARE, NY 110100054	Recordkeeping	$9,429

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3D3H

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.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$102K

$1669 / participant

Recordkeeping$102K100.0%

% of EOY assets

0.813%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: REDWITZ, INC.
Auditor EIN: 330850406
Audit fees: $0
Opinion code: Unqualified

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$139,022

$77,899+78.5%

$149,673-7.1%

$75,163+85.0%

Participation rate

100.0%

65.6%+34.4pp

78.8%+21.2pp

67.2%+32.8pp

Annual return

13.28%

31.72%-18.4pp

134.42%-121.1pp

160.62%-147.3pp

Employer contribution / active EE

$9,897

$3,137+215.4%

$4,818+105.4%

$2,670+270.7%

Participant deferral / active EE

$6,465

$3,411+89.5%

$5,680+13.8%

$4,125+56.7%

Admin fee / account holder

$1,131

$5,956-81.0%

$13,210-91.4%

$5,651-80.0%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION3 years

Service code 13 · EIN 35-1140070

1031 S. HARRISON STREET · FORT WAYNE, MI 468012248

Contract Administrator

$27,020

ECONOMIC GROUP PENSION SERVICES3 years

Service code 15

PO BOX 54 · FRANKLIN SQUARE, NY 110100054

Recordkeeping

$9,429

HEAD & NECK ASSOCIATES OF ORANGE COUNTY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HEAD & NECK ASSOCIATES OF ORANGE COUNTY 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