Retirement plan

MIDWEST ANESTHESIA PARTNERS LLC 401(K) P/S PLAN

Name: MIDWEST ANESTHESIA PARTNERS LLC - MIDWEST ANESTHESIA PARTNERS LLC 401(K) P/S PLAN (2024) Form 5500
Creator: MIDWEST ANESTHESIA PARTNERS LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWEST ANESTHESIA PARTNERS LLC 401(K) P/S PLAN, MIDWEST ANESTHESIA PARTNERS LLC

MIDWEST ANESTHESIA PARTNERS LLCEIN 36-4093188Plan #003PY 2024

387 SHUMAN BLVD., SUITE 240W - NAPERVILLE, IL 60563630-868-2200midwestap.comLinkedIn51-200 employeesmedical practice

Other plans on this EIN

1 filing

#004Retirement-$18.1M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$139.7M

-0.2% from 2023

Total participants

232

-16.5% from 2023

Average account balance

$615,408

+17.8% from 2023

Annual return

11.94%

-4.82 pp from 2023

Benchmarks

See 6,026 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,026 peers

Snapshot2024

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$139.70M

Not enough data

1 years with asset history on file

Average account balance

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

$615K

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.

227

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.

95.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$69K

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

+11.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1917

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 7-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 6 by compensation

Provider	Service type	Compensation
SAVANT CAPITAL MANAGEMENT5 years Filed as: SAVANT CAPITAL LLC Service code 26 · EIN 45-3812777	Advisory (Participants)	$354,908
CHARLES SCHWAB & CO., INC.7+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$37,596
MARK BELL ADVISORY SERVICES2 years Filed as: MARK BELL ADVISORY SERVICES IN Service code 26 · EIN 36-3734812	Advisory (Participants)	$14,847
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Filed as: ENVESTNET ASSET MANAGEMENT INC Service code 26 · EIN 36-4319587	Advisory (Participants)	$7,525
WAKEFIELD ASSET MANAGEMENT1 year Filed as: WAKEFIELD ASSET MGMT LLLP Service code 26 · EIN 20-8251802	Advisory (Participants)	$5,747
CHARLES SCHWAB & CO., INC.7+ years Service code 33 · EIN 94-1737782	Float revenue; Shareholder servicing ...	$2,193

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D

Plan features

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$435K

$4029 / participant

Recordkeeping$31K7.1%
Investment mgmt$404K92.9%

% of EOY assets

0.311%

all-in expense ratio

Categories reported

2 / 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: CBIZ CPA S P.C
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$615,408

$55,415+1010.5%

$155,509+295.7%

$74,495+726.1%

Participation rate

95.4%

61.9%+33.5pp

78.2%+17.2pp

67.2%+28.2pp

Annual return

11.94%

268.50%-256.6pp

64.67%-52.7pp

1364.94%-1353.0pp

Employer contribution / active EE

$41,485

$2,267+1729.9%

$4,672+787.9%

$2,623+1481.6%

Participant deferral / active EE

$27,383

$2,836+865.6%

$5,626+386.7%

$4,346+530.1%

Admin fee / account holder

$1,917

$1,738+10.3%

$15,912-88.0%

$1,942-1.3%

Provider

Service type

Compensation

SAVANT CAPITAL MANAGEMENT5 years

Filed as: SAVANT CAPITAL LLC

Service code 26 · EIN 45-3812777

Advisory (Participants)

$354,908

CHARLES SCHWAB & CO., INC.7+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$37,596

MARK BELL ADVISORY SERVICES2 years

Filed as: MARK BELL ADVISORY SERVICES IN

Service code 26 · EIN 36-3734812

Advisory (Participants)

$14,847

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Filed as: ENVESTNET ASSET MANAGEMENT INC

Service code 26 · EIN 36-4319587

Advisory (Participants)

$7,525

WAKEFIELD ASSET MANAGEMENT1 year

Filed as: WAKEFIELD ASSET MGMT LLLP

Service code 26 · EIN 20-8251802

Advisory (Participants)

$5,747

CHARLES SCHWAB & CO., INC.7+ years

Service code 33 · EIN 94-1737782

Float revenue; Shareholder servicing ...

$2,193

MIDWEST ANESTHESIA PARTNERS LLC 401(K) P/S PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWEST ANESTHESIA PARTNERS LLC 401(K) P/S 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