Retirement plan

MRA PROFIT SHARING PLAN

Name: MONTCLAIR RADIOLOGICAL ASSOC., P.A. - MRA PROFIT SHARING PLAN (2019) 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 2019

777 PASSAIC AVE STE 360 - CLIFTON, NJ 070121800973-284-0038LinkedIn51-200 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$23.9M

+19.6% from 2018

Total participants

167

+5.0% from 2018

Average account balance

$143,082

+13.8% from 2018

Annual return

24.18%

+31.22 pp from 2018

Benchmarks

See 5,342 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,342 peers

Snapshot2019

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 4 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY5+ years Service code 51 · EIN 26-4310632 399 PARK AVE · NEW YORK, NY 10022	Investment Mgmt Fees	$52,378
MERRILL LYNCH PIERCE FENNER & SMITH5+ years Filed as: MERRILL LYNCH Service code 51 · EIN 13-5674085 4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281	Investment Mgmt Fees	$48,561
AB FUNDS5+ 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	$18,758
GELTRUDE & CO.5+ years Filed as: GELTRUDE & COMPANY, LLC Service code 10 · EIN 22-3363665 517 FRANKLIN AVE · NUTLEY, NJ 07110	Accounting	$11,278

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

$139K

$1060 / participant

Investment mgmt$120K86.2%
Other / not subdivided$19K13.8%

% of EOY assets

0.581%

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

$143,082

$52,961+170.2%

$172,752-17.2%

$65,185+119.5%

Participation rate

100.0%

66.2%+33.8pp

82.6%+17.4pp

70.2%+29.8pp

Annual return

24.18%

30.12%-5.9pp

802.97%-778.8pp

29.38%-5.2pp

Employer contribution / active EE

$6,177

$2,190+182.0%

$5,144+20.1%

$2,177+183.8%

Participant deferral / active EE

$4,901

$2,471+98.3%

$5,198-5.7%

$3,514+39.5%

Admin fee / account holder

$832

$472+76.2%

$13,955-94.0%

$847-1.8%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY5+ years

Service code 51 · EIN 26-4310632

399 PARK AVE · NEW YORK, NY 10022

Investment Mgmt Fees

$52,378

MERRILL LYNCH PIERCE FENNER & SMITH5+ years

Filed as: MERRILL LYNCH

Service code 51 · EIN 13-5674085

4 WORLD FINANCIAL CENTER · NEW YORK, NY 10281

Investment Mgmt Fees

$48,561

AB FUNDS5+ 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

$18,758

GELTRUDE & CO.5+ years

Filed as: GELTRUDE & COMPANY, LLC

Service code 10 · EIN 22-3363665

517 FRANKLIN AVE · NUTLEY, NJ 07110

Accounting

$11,278

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