Retirement plan

HOUSTON METRO UROLOGY, P.A. 401(K) PROFIT SHARING PLAN

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

HOUSTON METRO UROLOGY, P.A.EIN 20-4473802Plan #001PY 2020

4223 RICHMOND AVENUE - HOUSTON, TX 77027713-634-4414hmutx.comLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$36.5M

+16.8% from 2019

Total participants

182

-0.5% from 2019

Average account balance

$200,312

+17.4% from 2019

Annual return

12.79%

-5.67 pp from 2019

Benchmarks

See 5,416 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,416 peers

Snapshot2020

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Analytics

Total assets (EOY)

Plan-year ending balance

$40.80M

Not enough data

1 years with asset history on file

Average account balance

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

$236K

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.

173

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.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.00M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+12.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$371

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 6 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY4 years Service code 13 · EIN 42-0127290	Contract Administrator	$64,605
BXS INSURANCE INC3 years Filed as: BXS INSURANCE INC. Service code 49	Other Services	$28,475
ALLIANCE BENEFIT GROUP4 years Service code 49	Other Services	$9,491
ALLIANCE BENEFIT GROUP4 years Filed as: ALLIANCE BENEFIT GROUP OF HOUSTON Service code 49 · EIN 76-0500416	Other Services	$0
BXS INSURANCE INC1 year Service code 49 · EIN 72-1381997	Other Services	$0
WILSHIRE ASSOCIATES INCORPORATED3 years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2J2K2F2G2R3D3H

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

1 tripped

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

$65K

$519 / participant

Contract admin$65K100.0%

% of EOY assets

0.178%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: MELTON & MELTON
Auditor EIN: 741550819
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$200,312

$58,879+240.2%

$178,490+12.2%

$73,488+172.6%

Participation rate

100.0%

66.2%+33.8pp

81.9%+18.1pp

70.7%+29.3pp

Annual return

12.79%

24.86%-12.1pp

151.07%-138.3pp

28.51%-15.7pp

Employer contribution / active EE

$8,146

$2,236+264.3%

$5,011+62.6%

$2,270+258.8%

Participant deferral / active EE

$5,632

$2,567+119.4%

$5,202+8.3%

$3,740+50.6%

Admin fee / account holder

$357

$400-10.9%

$13,984-97.4%

$513-30.5%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4 years

Service code 13 · EIN 42-0127290

Contract Administrator

$64,605

BXS INSURANCE INC3 years

Filed as: BXS INSURANCE INC.

Service code 49

Other Services

$28,475

ALLIANCE BENEFIT GROUP4 years

Service code 49

Other Services

$9,491

ALLIANCE BENEFIT GROUP4 years

Filed as: ALLIANCE BENEFIT GROUP OF HOUSTON

Service code 49 · EIN 76-0500416

Other Services

BXS INSURANCE INC1 year

Service code 49 · EIN 72-1381997

Other Services

WILSHIRE ASSOCIATES INCORPORATED3 years

Service code 27 · EIN 95-2755361

Advisory (Plan)

HOUSTON METRO UROLOGY, P.A. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HOUSTON METRO UROLOGY, P.A. 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