Retirement plan

MRA PROFIT SHARING PLAN

Name: MONTCLAIR RADIOLOGICAL ASSOC., P.A. - MRA PROFIT SHARING PLAN (2016) Form 5500
Creator: MONTCLAIR RADIOLOGICAL ASSOC., P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MRA PROFIT SHARING PLAN, MONTCLAIR RADIOLOGICAL ASSOC., P.A.

MONTCLAIR RADIOLOGICAL ASSOC., P.A.EIN 22-1896362Plan #001PY 2016

20 HIGH STREET - NUTLEY, NJ 071101132973-284-0038LinkedIn51-200 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$22.7M

No prior year

Total participants

141

No prior year

Average account balance

$161,308

No prior year

Annual return

10.73%

No prior year

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.77M

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.

464.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$636K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$45K

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

+14.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$30720

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

Top 3 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH2+ years Filed as: MERRILL LYNCH Service code 28 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281	Investment Management	$91,350
GELTRUDE & CO.2+ years Filed as: GELTRUDE & COMPANY, LLC Service code 10 · EIN 22-3363665 517 FRANKLIN AVE · NUTLEY, NJ 07110	Accounting	$11,000
AB FUNDS2+ years Filed as: SANFORD C BERNSTEIN & CO, LLC Service code 28 · EIN 13-4132953 ONE NORTH LEXINGTON AVE · WHITE PLAINS, NY 10601	Investment Management	$434

Plan features & details

Pension benefit codes2E2H2J2T3D

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.
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.

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

$105K

$955 / participant

Investment mgmt$92K87.4%
Other / not subdivided$13K12.6%

% of EOY assets

0.462%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GELTRUDE & COMPANY, LLC
Auditor EIN: 223363665
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$161,308

$46,732+245.2%

$156,551+3.0%

$55,167+192.4%

Participation rate

100.0%

65.8%+34.2pp

84.0%+16.0pp

69.0%+31.0pp

Annual return

10.73%

17.72%-7.0pp

32.23%-21.5pp

169.23%-158.5pp

Employer contribution / active EE

$6,097

$2,105+189.6%

$5,501+10.8%

$1,963+210.7%

Participant deferral / active EE

$4,635

$2,204+110.3%

$4,871-4.8%

$3,054+51.8%

Admin fee / account holder

$745

$418+78.0%

$13,028-94.3%

$504+47.8%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH2+ years

Filed as: MERRILL LYNCH

Service code 28 · EIN 13-5674085

4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281

Investment Management

$91,350

GELTRUDE & CO.2+ years

Filed as: GELTRUDE & COMPANY, LLC

Service code 10 · EIN 22-3363665

517 FRANKLIN AVE · NUTLEY, NJ 07110

Accounting

$11,000

AB FUNDS2+ years

Filed as: SANFORD C BERNSTEIN & CO, LLC

Service code 28 · EIN 13-4132953

ONE NORTH LEXINGTON AVE · WHITE PLAINS, NY 10601

Investment Management

$434

MRA PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MRA 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