Retirement plan

UNIVERSITY AT BUFFALO NEUROSURGERY, 401(K) RETIREMENT PLAN

Name: UNIVERSITY AT BUFFALO NEUROSURGERY, INC. - UNIVERSITY AT BUFFALO NEUROSURGERY, 401(K) RETIREMENT PLAN (2020) 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 2020

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

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$24.1M

+16.4% from 2019

Total participants

272

+7.1% from 2019

Average account balance

$89,682

+9.1% from 2019

Annual return

14.84%

-4.98 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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 2 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC1 year Filed as: CAPFINANCIAL PARTNERS,LLC Service code 27 · EIN 26-0058143 PO BOX 6000071 · RALEIGH, NJ 276756701	Advisory (Plan)	$6,250
TIAA2 years Service code 64 · EIN 13-1624203 730 THIRD AVENUE · NEW YORK, NY 100173206	Recordkeeping Fees	$2,174

Plan features & details

Pension benefit codes2A2E2G2J2K3D

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.
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.)
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

$149K

$617 / participant

Contract admin$149K100.0%

% of EOY assets

0.616%

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: CHIAMPOU TRAVIS BESAW KERSHNER LLP
Auditor EIN: 161468002
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$89,682

$58,888+52.3%

$178,499-49.8%

$73,493+22.0%

Participation rate

98.8%

66.2%+32.5pp

81.9%+16.8pp

70.7%+28.1pp

Annual return

14.84%

24.86%-10.0pp

151.10%-136.3pp

28.51%-13.7pp

Employer contribution / active EE

$3,828

$2,236+71.2%

$5,011-23.6%

$2,270+68.6%

Participant deferral / active EE

$3,402

$2,568+32.5%

$5,202-34.6%

$3,740-9.0%

Admin fee / account holder

$553

$400+38.0%

$13,986-96.0%

$513+7.7%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC1 year

Filed as: CAPFINANCIAL PARTNERS,LLC

Service code 27 · EIN 26-0058143

PO BOX 6000071 · RALEIGH, NJ 276756701

Advisory (Plan)

$6,250

TIAA2 years

Service code 64 · EIN 13-1624203

730 THIRD AVENUE · NEW YORK, NY 100173206

Recordkeeping Fees

$2,174

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