Retirement plan

UNIVERSITY AT BUFFALO NEUROSURGERY, 401(K) RETIREMENT PLAN

Name: UNIVERSITY AT BUFFALO NEUROSURGERY, INC. - UNIVERSITY AT BUFFALO NEUROSURGERY, 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: UNIVERSITY AT BUFFALO NEUROSURGERY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSITY AT BUFFALO NEUROSURGERY, 401(K) RETIREMENT PLAN, UNIVERSITY AT BUFFALO NEUROSURGERY, INC.

UNIVERSITY AT BUFFALO NEUROSURGERY, INC.EIN 03-0445678Plan #001PY 2024

40 GEORGE KARL BLVD., SUITE 200 - WILLIAMSVILLE, NY 14221716-218-1000ubns.comLinkedIn51-200 employeesmedical practice

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$34.5M

+17.6% from 2023

Total participants

379

+6.8% from 2023

Average account balance

$92,399

+10.6% from 2023

Annual return

14.91%

-2.98 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$34.46M

Not enough data

1 years with asset history on file

Average account balance

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

$92K

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.

373

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.

98.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.61M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$95

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
CAPFINANCIAL PARTNERS LLC4 years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143 PO BOX 600071 · RALEIGH, NC 276756071	Advisory (Plan)	$10,400
CHIAMPOU TRAVIS BESAW & KERSHNER1 year Filed as: CHIAMPOU TRAVIS BESAW & KERSHNER LL Service code 10 · EIN 16-1468002 45 BRYANT WOODS N · AMHERST, NY 142283600	Accounting	$7,106
ATTN ROB WISNER1 year Filed as: ATTN FINANCE DEPT Service code 27 4208 SIX FORKS RD · RALEIGH, NC 276095734	Advisory (Plan)	$7,030
TIAA6 years Service code 64 · EIN 13-1624203 730 THIRD AVE · NEW YORK, NY 100173206	Recordkeeping Fees	$6,216

Plan features & details

Pension benefit codes2A2E2G2J2K3D2M

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.
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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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

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

$35K

$106 / participant

Contract admin$30K85.5%
Other / not subdivided$5K14.5%

% of EOY assets

0.102%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CHIAMPOU TRAVIS BESAW KERSHNER LLP
Auditor EIN: 161468002
Audit fees: $5,133
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$92,399

$50,919+81.5%

$155,556-40.6%

$77,762+18.8%

Participation rate

98.2%

63.1%+35.1pp

78.2%+20.0pp

70.6%+27.6pp

Annual return

14.91%

34.84%-19.9pp

64.84%-49.9pp

31.27%-16.4pp

Employer contribution / active EE

$3,920

$1,991+96.8%

$4,675-16.2%

$2,728+43.7%

Participant deferral / active EE

$3,955

$2,824+40.0%

$5,631-29.8%

$4,651-15.0%

Admin fee / account holder

$95

$437-78.3%

$15,885-99.4%

$433-78.2%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC4 years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27 · EIN 26-0058143

PO BOX 600071 · RALEIGH, NC 276756071

Advisory (Plan)

$10,400

CHIAMPOU TRAVIS BESAW & KERSHNER1 year

Filed as: CHIAMPOU TRAVIS BESAW & KERSHNER LL

Service code 10 · EIN 16-1468002

45 BRYANT WOODS N · AMHERST, NY 142283600

Accounting

$7,106

ATTN ROB WISNER1 year

Filed as: ATTN FINANCE DEPT

Service code 27

4208 SIX FORKS RD · RALEIGH, NC 276095734

Advisory (Plan)

$7,030

TIAA6 years

Service code 64 · EIN 13-1624203

730 THIRD AVE · NEW YORK, NY 100173206

Recordkeeping Fees

$6,216

UNIVERSITY AT BUFFALO NEUROSURGERY, 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY AT BUFFALO NEUROSURGERY, 401(K) RETIREMENT 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