Retirement plan

UNIVERSITY MEDICAL SERVICE ASSOCIATION, INC. TAX DEFERRED ANNUITY PLAN

Name: UNIVERSITY MEDICAL SERVICE ASSOCIATION, INC. - UNIVERSITY MEDICAL SERVICE ASSOCIATION, INC. TAX DEFERRED ANNUITY PLAN (2019) Form 5500
Creator: UNIVERSITY MEDICAL SERVICE ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSITY MEDICAL SERVICE ASSOCIATION, INC. TAX DEFERRED ANNUITY PLAN, UNIVERSITY MEDICAL SERVICE ASSOCIATION, INC.

UNIVERSITY MEDICAL SERVICE ASSOCIATION, INC.EIN 23-7313346Plan #001PY 2019

12901 BRUCE B. DOWNS BLVD., MDC 62 - TAMPA, FL 33612813-974-8183LinkedIn201-500 employeesmedical practice

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$62M

-70.1% from 2016

Total participants

2,218

-69.5% from 2016

Average account balance

$30,789

+2.3% from 2016

Annual return

16.59%

-230.30 pp from 2016

Benchmarks

See 1,326 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,326 peers

Snapshot2019

Participant deferral / active EE

$1,834

median $2,192

Employer contribution / active EE

$1,861

median $889

Participation rate

80.6%

median 76.7%

Avg account balance

$30,789

median $32,355

Admin fee / account holder

$65

median $67

Annual return

16.59%

median 21.66%

Overall peer rank

45of 100

45th percentileavg across 6 metrics

Analytics

2015 - 2024

Total assets (EOY)

Plan-year ending balance

$40.88M

Average account balance

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

$25K

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

1,621

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

71.7%

Contributions (total)

Employer and participant dollars contributed each year

$137K

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+9.65%

Admin fee / account holder

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

$74

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Mutual / pooled
Stocks
Bonds
Cash
Real estate
Loans

Service providers

Top 2 by compensation

Provider	Service type	Compensation
VALIC RETIREMENT SERVICES COMPANY5+ years Filed as: VALIC RETIREMENT SERVICES CO Service code 19 · EIN 51-0396365	Securities Custodian	$70,061
VALIC RETIREMENT SERVICES COMPANY5+ years Filed as: VARIABLE ANNUITY LIFE INSURANCE CO Service code 19 · EIN 74-1625348	Securities Custodian	$64,127

Plan features & details

Pension benefit codes2L2M2F2G2T

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$132K

$125 / participant

Contract admin$132K100.0%

% of EOY assets

0.212%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ASSURANCE DIMENSIONS
Auditor EIN: 263429295
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$30,789

$47,456-35.1%

$172,757-82.2%

$77,775-60.4%

Participation rate

80.6%

66.3%+14.3pp

82.6%-2.1pp

73.2%+7.4pp

Annual return

16.59%

35.57%-19.0pp

803.06%-786.5pp

32.58%-16.0pp

Employer contribution / active EE

$1,861

$1,574+18.2%

$5,144-63.8%

$2,504-25.7%

Participant deferral / active EE

$1,834

$2,560-28.4%

$5,198-64.7%

$3,966-53.8%

Admin fee / account holder

$65

$81-19.1%

$13,956-99.5%

$100-34.6%

Provider

Service type

Compensation

VALIC RETIREMENT SERVICES COMPANY5+ years

Filed as: VALIC RETIREMENT SERVICES CO

Service code 19 · EIN 51-0396365

Securities Custodian

$70,061

VALIC RETIREMENT SERVICES COMPANY5+ years

Filed as: VARIABLE ANNUITY LIFE INSURANCE CO

Service code 19 · EIN 74-1625348

Securities Custodian

$64,127

UNIVERSITY MEDICAL SERVICE ASSOCIATION, INC. TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY MEDICAL SERVICE ASSOCIATION, INC. TAX DEFERRED ANNUITY 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