Retirement plan

SANTA MONICA ORTHOPAEDIC MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN

Name: SANTA MONICA ORTHOPAEDIC MEDICAL GROUP, INC. - SANTA MONICA ORTHOPAEDIC MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: SANTA MONICA ORTHOPAEDIC MEDICAL GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SANTA MONICA ORTHOPAEDIC MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN, SANTA MONICA ORTHOPAEDIC MEDICAL GROUP, INC.

SANTA MONICA ORTHOPAEDIC MEDICAL GROUP, INC.EIN 95-4130844Plan #001PY 2017

2020 SANTA MONICA BLVD., 4TH FLOOR - SANTA MONICA, CA 90404310-829-2663LinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$478K assets

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$3M

+34.5% from 2016

Total participants

0.0% from 2016

Average account balance

$178,036

+34.5% from 2016

Annual return

15.22%

+8.89 pp from 2016

Benchmarks

See 106,905 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort106,905 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.49M

Not enough data

1 years with asset history on file

Average account balance

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

$638K

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.

112.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$68K

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

+15.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6183

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J2T3D

Plan features

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.
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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$26K

$2887 / participant

Other / not subdivided$26K100.0%

% of EOY assets

0.859%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$178,036

$198,462-10.3%

$170,439+4.5%

$147,585+20.6%

Participation rate

100.0%

88.0%+12.0pp

83.6%+16.4pp

82.8%+17.2pp

Annual return

15.22%

257.30%-242.1pp

205.94%-190.7pp

578.58%-563.4pp

Employer contribution / active EE

$32,444

$6,184+424.7%

$5,433+497.2%

$4,876+565.3%

Participant deferral / active EE

$18,667

$5,629+231.6%

$4,939+277.9%

$5,439+243.2%

Admin fee / account holder

$1,529

$16,852-90.9%

$13,881-89.0%

$10,886-86.0%

SANTA MONICA ORTHOPAEDIC MEDICAL GROUP, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SANTA MONICA ORTHOPAEDIC 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