Retirement plan

UNIVERSITY PSYCHIATRIC PRACTICE, INC. SECTION 403(B) PLAN

Name: UNIVERSITY PSYCHIATRIC PRACTICE, INC. - UNIVERSITY PSYCHIATRIC PRACTICE, INC. SECTION 403(B) PLAN (2016) Form 5500
Creator: UNIVERSITY PSYCHIATRIC PRACTICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSITY PSYCHIATRIC PRACTICE, INC. SECTION 403(B) PLAN, UNIVERSITY PSYCHIATRIC PRACTICE, INC.

UNIVERSITY PSYCHIATRIC PRACTICE, INC.EIN 16-1426208Plan #001PY 2016

462 GRIDER STREET - BUFFALO, NY 14215716-898-4535LinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$12M

+13.8% from 2015

Total participants

126

+2.4% from 2015

Average account balance

$117,793

+8.2% from 2015

Annual return

6.49%

+5.04 pp from 2015

Benchmarks

See 17,769 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,769 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$32.16M

Not enough data

1 years with asset history on file

Average account balance

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

$259K

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.

124

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.

89.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+12.52%

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

1 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 codes2E2F2G2J2L3D

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract 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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$82K

$886 / participant

Investment mgmt$82K100.0%

% of EOY assets

0.686%

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 LL
Auditor EIN: 161468002
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$117,793

$77,638+51.7%

$156,551-24.8%

$62,881+87.3%

Participation rate

74.2%

71.2%+3.0pp

84.0%-9.8pp

69.3%+4.9pp

Annual return

6.49%

50.33%-43.8pp

32.23%-25.7pp

20.14%-13.7pp

Employer contribution / active EE

$3,698

$3,444+7.4%

$5,501-32.8%

$2,281+62.1%

Participant deferral / active EE

$8,178

$3,046+168.5%

$4,871+67.9%

$3,203+155.3%

Admin fee / account holder

$808

$5,561-85.5%

$13,028-93.8%

$4,296-81.2%

UNIVERSITY PSYCHIATRIC PRACTICE, INC. SECTION 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY PSYCHIATRIC PRACTICE, INC. SECTION 403(B) 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