Retirement plan

MRA PROFIT SHARING PLAN

Name: MONTCLAIR RADIOLOGICAL ASSOC., P.A. - MRA PROFIT SHARING PLAN (2017) 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 2017

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$20.4M

-10.5% from 2016

Total participants

146

+3.5% from 2016

Average account balance

$139,493

-13.5% from 2016

Annual return

13.37%

+2.64 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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 5 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY3+ years Service code 51 · EIN 26-4310632 399 PARK AVE · NEW YORK, NY 10022	Investment Mgmt Fees	$63,498
MERRILL LYNCH PIERCE FENNER & SMITH3+ years Filed as: MERRILL LYNCH Service code 51 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281	Investment Mgmt Fees	$56,483
GELTRUDE & CO.3+ years Filed as: GELTRUDE & COMPANY, LLC Service code 10 · EIN 22-3363665 517 FRANKLIN AVE · NUTLEY, NJ 07110	Accounting	$11,523
AB FUNDS3+ years Filed as: SANFORD C BERNSTEIN & CO, LLC Service code 51 · EIN 13-4132953 ONE NORTH LEXINGTON AVE · WHITE PLAINS, NY 10601	Investment Mgmt Fees	$1,180
MARK L. PRESS1 year Service code 17 · EIN 10-7383772 1053 SAW MILL RIVER RD STE 204 · ARDSLEY, NY 10502	Pension Consulting	$250

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

$140K

$1214 / participant

Investment mgmt$121K86.8%
Other / not subdivided$18K13.2%

% of EOY assets

0.685%

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

$139,493

$55,453+151.6%

$170,435-18.2%

$62,293+123.9%

Participation rate

100.0%

66.4%+33.6pp

83.6%+16.4pp

69.5%+30.5pp

Annual return

13.37%

21.38%-8.0pp

205.94%-192.6pp

28.90%-15.5pp

Employer contribution / active EE

$6,070

$2,164+180.6%

$5,432+11.7%

$2,042+197.2%

Participant deferral / active EE

$4,637

$2,303+101.4%

$4,939-6.1%

$3,169+46.3%

Admin fee / account holder

$956

$455+110.1%

$13,881-93.1%

$479+99.5%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY3+ years

Service code 51 · EIN 26-4310632

399 PARK AVE · NEW YORK, NY 10022

Investment Mgmt Fees

$63,498

MERRILL LYNCH PIERCE FENNER & SMITH3+ years

Filed as: MERRILL LYNCH

Service code 51 · EIN 13-5674085

4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281

Investment Mgmt Fees

$56,483

GELTRUDE & CO.3+ years

Filed as: GELTRUDE & COMPANY, LLC

Service code 10 · EIN 22-3363665

517 FRANKLIN AVE · NUTLEY, NJ 07110

Accounting

$11,523

AB FUNDS3+ years

Filed as: SANFORD C BERNSTEIN & CO, LLC

Service code 51 · EIN 13-4132953

ONE NORTH LEXINGTON AVE · WHITE PLAINS, NY 10601

Investment Mgmt Fees

$1,180

MARK L. PRESS1 year

Service code 17 · EIN 10-7383772

1053 SAW MILL RIVER RD STE 204 · ARDSLEY, NY 10502

Pension Consulting

$250

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