Retirement plan

UNIVERSITY ORTHOPEDICS CENTER, LTD. RETIREMENT PLAN

Name: UNIVERSITY ORTHOPEDICS CENTER, LTD. - UNIVERSITY ORTHOPEDICS CENTER, LTD. RETIREMENT PLAN (2020) Form 5500
Creator: UNIVERSITY ORTHOPEDICS CENTER, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSITY ORTHOPEDICS CENTER, LTD. RETIREMENT PLAN, UNIVERSITY ORTHOPEDICS CENTER, LTD.

UNIVERSITY ORTHOPEDICS CENTER, LTD.EIN 25-1655314Plan #001PY 2020

101 REGENT COURT - STATE COLLEGE, PA 168017965814-231-2101uoc.comLinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$46.4M

+16.1% from 2019

Total participants

308

+2.3% from 2019

Average account balance

$150,573

+13.4% from 2019

Annual return

13.27%

-7.14 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$51.60M

Not enough data

1 years with asset history on file

Average account balance

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

$176K

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.

294

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.07M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+13.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$832

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

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.5 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850 100 BRIGHT MEADOW BLVD · ENFIELD, CT 06082	Indirect Investment Fees	$191,471
ABUNDANCE WEALTH COUNSELORS, LLC2 years Filed as: ABUNDANCE WEALTH COUNSELORS LLC Service code 27	Advisory (Plan)	$140,242
DUNBAR, BENDER & ZAPF, INC.3 years Service code 13 · EIN 25-1650062 FRICK BUILDING, 437 GRANT STREET · PITTSBURGH, PA 15219	Contract Administrator	$8,457
BAKER TILLY US, LLP2 years Service code 50 · EIN 39-0859910 1423 NORTH ATHERTON STREET · STATE COLLEGE, PA 16801	Direct Payment	$3,000
ABUNDANCE WEALTH COUNSELORS, LLC4 years Service code 27 · EIN 81-0572878 232 REGENT COURT · STATE COLLEGE, PA 16801	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2J2K3D2T2F

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).
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$219K

$1094 / participant

Investment mgmt$219K100.0%

% of EOY assets

0.472%

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: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$150,573

$58,888+155.7%

$178,498-15.6%

$73,493+104.9%

Participation rate

100.0%

66.2%+33.8pp

81.9%+18.1pp

70.7%+29.3pp

Annual return

13.27%

24.86%-11.6pp

151.09%-137.8pp

28.51%-15.2pp

Employer contribution / active EE

$3,501

$2,236+56.5%

$5,011-30.1%

$2,270+54.2%

Participant deferral / active EE

$4,890

$2,568+90.4%

$5,202-6.0%

$3,740+30.7%

Admin fee / account holder

$710

$400+77.4%

$13,985-94.9%

$513+38.4%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.5 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

100 BRIGHT MEADOW BLVD · ENFIELD, CT 06082

Indirect Investment Fees

$191,471

ABUNDANCE WEALTH COUNSELORS, LLC2 years

Filed as: ABUNDANCE WEALTH COUNSELORS LLC

Service code 27

Advisory (Plan)

$140,242

DUNBAR, BENDER & ZAPF, INC.3 years

Service code 13 · EIN 25-1650062

FRICK BUILDING, 437 GRANT STREET · PITTSBURGH, PA 15219

Contract Administrator

$8,457

BAKER TILLY US, LLP2 years

Service code 50 · EIN 39-0859910

1423 NORTH ATHERTON STREET · STATE COLLEGE, PA 16801

Direct Payment

$3,000

ABUNDANCE WEALTH COUNSELORS, LLC4 years

Service code 27 · EIN 81-0572878

232 REGENT COURT · STATE COLLEGE, PA 16801

Advisory (Plan)

UNIVERSITY ORTHOPEDICS CENTER, LTD. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY ORTHOPEDICS CENTER, LTD. RETIREMENT 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