Retirement plan

HAWAII PERMANENTE MEDICAL GROUP, INC. PROFIT SHARING PLAN

Name: HAWAII PERMANENTE MEDICAL GROUP, INC - HAWAII PERMANENTE MEDICAL GROUP, INC. PROFIT SHARING PLAN (2016) Form 5500
Creator: HAWAII PERMANENTE MEDICAL GROUP, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAWAII PERMANENTE MEDICAL GROUP, INC. PROFIT SHARING PLAN, HAWAII PERMANENTE MEDICAL GROUP, INC

HAWAII PERMANENTE MEDICAL GROUP, INCEIN 99-0104820Plan #002PY 2016

DOLE CANNERY SQUARE, 501 ALAKAWA STREET, SUITE 255 - HONOLULU, HI 96817808-432-4603

Other plans on this EIN

1 filing

#001Retirement-$313.7M assets

Prospect flagsHigh feesHigh assets / participantFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed October 23, 1992 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$307.2M

-1.4% from 2016

Total participants

920

-6.1% from 2016

Average account balance

$365,760

+5.1% from 2016

Annual return

7.57%

-8.15 pp from 2016

Benchmarks

See 3,732 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,732 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 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

$27.32M

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

-95.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 10 of 14 by compensation

Provider	Service type	Compensation
ARNERICH MASSENA2+ years Filed as: ARMERICH MASSENA & ASSOC INC Service code 28 · EIN 93-1119724	Investment Management	$84,456
CHARLES SCHWAB & CO., INC.2+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES, IN Service code 15 · EIN 34-1479833	Recordkeeping	$37,245
ROBERT PRISKE LLC2+ years Service code 26 · EIN 99-0285708	Advisory (Participants)	$30,395
CHARLES SCHWAB & CO., INC.2+ years Service code 33 · EIN 94-1737782	Shareholder servicing fees; Float rev...	$27,030
ACCUITY LLP2+ years Service code 10 · EIN 20-5325889	Accounting	$23,607
POLARIS GREYSTONE FINANCIAL GROUP,2+ years Filed as: POLARIS GREYSTONE FINANCIAL GROUP Service code 26 · EIN 45-2613011	Advisory (Participants)	$22,178
LEE FINANCIAL GROUP HAWAII INC2+ years Service code 26 · EIN 99-0263125	Advisory (Participants)	$20,367
RIDGEWORTH2+ years Filed as: GENEVA ADVISORS LLC Service code 26 · EIN 04-3689735	Advisory (Participants)	$13,480
FIRST REPUBLIC INVESTMENT MANA2+ years Service code 26 · EIN 22-3623353	Advisory (Participants)	$12,666
JP MORGAN INVESTMENT MANAGEMENT INC2+ years Filed as: FINANCIAL & INVESTMENT MGMT Service code 26 · EIN 38-2562340	Advisory (Participants)	$11,199

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2S2T3D3F3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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

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

$277K

$375 / participant

Investment mgmt$209K75.6%
Other / not subdivided$68K24.4%

% of EOY assets

0.090%

all-in expense ratio

Categories reported

1 / 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: ACCUITY LLP
Auditor EIN: 205325889
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$365,760

$36,926+890.5%

$156,551+133.6%

$57,661+534.3%

Participation rate

89.2%

63.4%+25.7pp

84.0%+5.1pp

70.2%+18.9pp

Annual return

7.57%

12.38%-4.8pp

32.23%-24.7pp

5.13%+2.4pp

Employer contribution / active EE

$13,327

$1,571+748.4%

$5,501+142.2%

$1,974+575.2%

Participant deferral / active EE

$12,613

$1,926+555.0%

$4,871+158.9%

$3,061+312.1%

Admin fee / account holder

$329

$83+299.2%

$13,028-97.5%

$95+248.4%

Provider

Service type

Compensation

ARNERICH MASSENA2+ years

Filed as: ARMERICH MASSENA & ASSOC INC

Service code 28 · EIN 93-1119724

Investment Management

$84,456

CHARLES SCHWAB & CO., INC.2+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES, IN

Service code 15 · EIN 34-1479833

Recordkeeping

$37,245

ROBERT PRISKE LLC2+ years

Service code 26 · EIN 99-0285708

Advisory (Participants)

$30,395

CHARLES SCHWAB & CO., INC.2+ years

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Float rev...

$27,030

ACCUITY LLP2+ years

Service code 10 · EIN 20-5325889

Accounting

$23,607

POLARIS GREYSTONE FINANCIAL GROUP,2+ years

Filed as: POLARIS GREYSTONE FINANCIAL GROUP

Service code 26 · EIN 45-2613011

Advisory (Participants)

$22,178

LEE FINANCIAL GROUP HAWAII INC2+ years

Service code 26 · EIN 99-0263125

Advisory (Participants)

$20,367

RIDGEWORTH2+ years

Filed as: GENEVA ADVISORS LLC

Service code 26 · EIN 04-3689735

Advisory (Participants)

$13,480

FIRST REPUBLIC INVESTMENT MANA2+ years

Service code 26 · EIN 22-3623353

Advisory (Participants)

$12,666

JP MORGAN INVESTMENT MANAGEMENT INC2+ years

Filed as: FINANCIAL & INVESTMENT MGMT

Service code 26 · EIN 38-2562340

Advisory (Participants)

$11,199

HAWAII PERMANENTE MEDICAL GROUP, INC. PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAWAII PERMANENTE MEDICAL GROUP, INC. PROFIT SHARING PLAN

Top hat statement on fileNQDC

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