Retirement plan

IDAHO UROLOGIC INSTITUTE, P.A. 401K PROFIT SHARING PLAN

Name: IDAHO UROLOGIC INSTITUTE, P.A. - IDAHO UROLOGIC INSTITUTE, P.A. 401K PROFIT SHARING PLAN (2020) Form 5500
Creator: IDAHO UROLOGIC INSTITUTE, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IDAHO UROLOGIC INSTITUTE, P.A. 401K PROFIT SHARING PLAN, IDAHO UROLOGIC INSTITUTE, P.A.

IDAHO UROLOGIC INSTITUTE, P.A.EIN 20-1300128Plan #001PY 2020

2855 E. MAGIC VIEW DR. - MERIDIAN, ID 836426245208-639-4931idurology.comLinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$19.1M

+17.6% from 2019

Total participants

136

+8.8% from 2019

Average account balance

$140,222

+8.1% from 2019

Annual return

14.26%

-6.93 pp from 2019

Benchmarks

See 18,640 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,640 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$24.49M

Not enough data

1 years with asset history on file

Average account balance

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

$140K

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.

175

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

$1.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$257

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO ADVISORS LLC Service code 27 401 S TRYON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081	Advisory (Plan)	$38,871
BETO FINANCIAL GROUP LLC1 year Filed as: BETO FINANCIAL GROUP, LLC Service code 27 390 E. PARKCENTER BLVD, STE 100A · BOISE, ID 83706	Advisory (Plan)	$14,264
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT SERVICES Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$546

Plan features & details

Pension benefit codes2A2E2G2J3D3H2T2F

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.
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.
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

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

$54K

$577 / participant

Investment mgmt$53K99.0%
Contract admin$5471.0%

% of EOY assets

0.281%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: RIPLEY DOORN & COMPANY, PLLC
Auditor EIN: 820476132
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$140,222

$91,190+53.8%

$178,490-21.4%

$79,858+75.6%

Participation rate

100.0%

69.2%+30.8pp

81.9%+18.1pp

69.6%+30.4pp

Annual return

14.26%

24.19%-9.9pp

151.07%-136.8pp

31.71%-17.5pp

Employer contribution / active EE

$6,570

$3,256+101.8%

$5,011+31.1%

$2,471+165.9%

Participant deferral / active EE

$3,761

$3,236+16.2%

$5,202-27.7%

$3,740+0.5%

Admin fee / account holder

$395

$6,751-94.2%

$13,984-97.2%

$5,306-92.6%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO ADVISORS LLC

Service code 27

401 S TRYON ST 11TH FL D1050-111 · CHARLOTTE, NC 28081

Advisory (Plan)

$38,871

BETO FINANCIAL GROUP LLC1 year

Filed as: BETO FINANCIAL GROUP, LLC

Service code 27

390 E. PARKCENTER BLVD, STE 100A · BOISE, ID 83706

Advisory (Plan)

$14,264

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT SERVICES

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$546

IDAHO UROLOGIC INSTITUTE, P.A. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IDAHO UROLOGIC INSTITUTE, P.A. 401K 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