Retirement plan

UNIVERSITY SURGICAL ASSOCIATES. LLP, 401(K) PROFIT SHARING PLAN

Name: UNIVERSITY SURGICAL ASSOCIATES. LLP - UNIVERSITY SURGICAL ASSOCIATES. LLP, 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: UNIVERSITY SURGICAL ASSOCIATES. LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSITY SURGICAL ASSOCIATES. LLP, 401(K) PROFIT SHARING PLAN, UNIVERSITY SURGICAL ASSOCIATES. LLP

UNIVERSITY SURGICAL ASSOCIATES. LLPEIN 16-6074527Plan #003PY 2016

750 EAST ADAMS STREET - SYRACUSE, NY 13210315-464-5549universityvascular.comLinkedIn11-50 employeesmedical practice

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$8.5M

+9.4% from 2015

Total participants

+20.4% from 2015

Average account balance

$192,842

+21.8% from 2015

Annual return

12.63%

+15.78 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

$18.29M

Not enough data

1 years with asset history on file

Average account balance

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

$273K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

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

+10.51%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12171

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 codes2E2H2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$1.1M

$38953 / participant

Other / not subdivided$1M100.0%

% of EOY assets

12.854%

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

$192,842

$77,638+148.4%

$156,551+23.2%

$62,881+206.7%

Participation rate

46.4%

71.2%-24.8pp

84.0%-37.6pp

69.3%-22.9pp

Annual return

12.63%

50.33%-37.7pp

32.23%-19.6pp

20.14%-7.5pp

Employer contribution / active EE

$24,042

$3,444+598.1%

$5,501+337.0%

$2,281+954.0%

Participant deferral / active EE

$5,941

$3,046+95.1%

$4,871+22.0%

$3,203+85.5%

Admin fee / account holder

$24,788

$5,561+345.7%

$13,028+90.3%

$4,296+477.0%

UNIVERSITY SURGICAL ASSOCIATES. LLP, 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY SURGICAL ASSOCIATES. LLP, 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