Retirement plan

N.A.N.I PHYSICIANS SERVICES PROFIT SHARING AND RETIREMENT SAVING PLAN

Name: NEPHROLOGY ASSOCIATES OF NORTHERN ILLINOIS AND INDIANA - N.A.N.I PHYSICIANS SERVICES PROFIT SHARING AND RETIREMENT SAVING PLAN (2024) Form 5500
Creator: NEPHROLOGY ASSOCIATES OF NORTHERN ILLINOIS AND INDIANA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, N.A.N.I PHYSICIANS SERVICES PROFIT SHARING AND RETIREMENT SAVING PLAN, NEPHROLOGY ASSOCIATES OF NORTHERN ILLINOIS AND INDIANA

NEPHROLOGY ASSOCIATES OF NORTHERN ILLINOIS AND INDIANAEIN 36-2907660Plan #002PY 2024

120 W. 22ND STREET - OAK BROOK, IL 60302630-573-5000LinkedIn11-50 employeesmedical practice

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$188.6M

+14.0% from 2023

Total participants

686

-9.3% from 2023

Average account balance

$285,274

+21.5% from 2023

Annual return

14.18%

-1.85 pp from 2023

Benchmarks

See 4,141 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,141 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$188.57M

Not enough data

1 years with asset history on file

Average account balance

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

$285K

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.

661

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.

95.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$11.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+14.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$301

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
WORLD INVESTMENT ADVISORS LLC1 year Service code 27 24 E. COTA ST. STE200 · SANTA BARBARA, CA 93101	Advisory (Plan)	$78,750
AMERICAN FUNDS6 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERV. Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$52,467
SHORE TOMPKINS ACTUARIAL RESOURCES8 years Service code 13 2 N. RIVERSIDE PLAZA STE. 1230 · CHICAGO, IL 60606	Contract Administrator	$46,646
FINANCIAL SOLUTIONS MIDWEST, LLC9 years Filed as: FINANCIAL SOLUTIONS LLC Service code 27 1900 AIRPORT RD. STE A · WAUKESHA, WI 53188	Advisory (Plan)	$26,234

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D3H

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).
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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$199K

$348 / participant

Recordkeeping$52K26.4%
Investment mgmt$105K52.8%
Contract admin$41K20.8%

% of EOY assets

0.105%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$285,274

$50,815+461.4%

$155,509+83.4%

$77,643+267.4%

Participation rate

95.6%

63.1%+32.5pp

78.2%+17.4pp

70.6%+25.1pp

Annual return

14.18%

34.80%-20.6pp

64.67%-50.5pp

31.24%-17.1pp

Employer contribution / active EE

$11,754

$1,993+489.9%

$4,672+151.6%

$2,726+331.2%

Participant deferral / active EE

$8,060

$2,822+185.6%

$5,626+43.3%

$4,647+73.4%

Admin fee / account holder

$301

$437-31.1%

$15,912-98.1%

$430-30.1%

Provider

Service type

Compensation

WORLD INVESTMENT ADVISORS LLC1 year

Service code 27

24 E. COTA ST. STE200 · SANTA BARBARA, CA 93101

Advisory (Plan)

$78,750

AMERICAN FUNDS6 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERV.

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$52,467

SHORE TOMPKINS ACTUARIAL RESOURCES8 years

Service code 13

2 N. RIVERSIDE PLAZA STE. 1230 · CHICAGO, IL 60606

Contract Administrator

$46,646

FINANCIAL SOLUTIONS MIDWEST, LLC9 years

Filed as: FINANCIAL SOLUTIONS LLC

Service code 27

1900 AIRPORT RD. STE A · WAUKESHA, WI 53188

Advisory (Plan)

$26,234

N.A.N.I PHYSICIANS SERVICES PROFIT SHARING AND RETIREMENT SAVING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

N.A.N.I PHYSICIANS SERVICES PROFIT SHARING AND RETIREMENT SAVING 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