Retirement plan

CENTRAL ILLINOIS RADIOLOGICAL ASSOCIATES, LTD. 401(K) PROFIT SHARING PLAN

Name: CENTRAL ILLINOIS RADIOLOGICAL ASSOCIATES, LTD. - CENTRAL ILLINOIS RADIOLOGICAL ASSOCIATES, LTD. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: CENTRAL ILLINOIS RADIOLOGICAL ASSOCIATES, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTRAL ILLINOIS RADIOLOGICAL ASSOCIATES, LTD. 401(K) PROFIT SHARING PLAN, CENTRAL ILLINOIS RADIOLOGICAL ASSOCIATES, LTD.

CENTRAL ILLINOIS RADIOLOGICAL ASSOCIATES, LTD.EIN 37-1399888Plan #006PY 2022

111 OAKWOOD RD. - EAST PEORIA, IL 61611309-740-4272ciraradiology.comLinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$83.1M

-14.6% from 2021

Total participants

141

+3.7% from 2021

Average account balance

$639,021

-15.3% from 2021

Annual return

-14.76%

-47.16 pp from 2021

Benchmarks

See 5,349 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,349 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$113.28M

Not enough data

1 years with asset history on file

Average account balance

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

$633K

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.

179

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

$6.96M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$50K

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

+12.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2863

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 10 of 11 by compensation

Provider	Service type	Compensation
CHOREO LLC1 year Service code 26 · EIN 41-1944416	Advisory (Participants)	$96,268
LPL FINANCIAL2 years Service code 27 · EIN 95-2834236	Advisory (Plan)	$70,343
FIDELITY INVESTMENTS INSTITUTIONAL2 years Filed as: FIDELITY INVESTMENTS Service code 27 PO BOX 770001 · CINCINNATI, OH 452770003	Advisory (Plan)	$55,519
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH, PIERCE, FENNER AND S Service code 27 · EIN 13-5674085	Advisory (Plan)	$50,096
DAVID ROMANO2 years Filed as: DAVID VAUGHN INVESTMENTS LLC Service code 26 · EIN 37-1272863	Advisory (Participants)	$37,386
RAYMOND JAMES FINANCIAL SERVICES2 years Filed as: RAYMOND JAMES Service code 27 411 HAMILTON BLVD., SUITE 2003 · PEORIA, IL 61602	Advisory (Plan)	$25,164
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH Service code 26 · EIN 13-3180817	Advisory (Participants)	$19,670
KINSEY WEALTH MANAGEMENT2 years Service code 27 · EIN 34-1542819	Advisory (Plan)	$14,955
TOTAL CLARITY WEALTH1 year Service code 26 · EIN 20-5303069	Advisory (Participants)	$14,649
NORTHWESTERN MUTUAL INVESTMENT SERV2 years Filed as: NORTHWESTERN MUTUAL WEALTH MGMT CO Service code 27 · EIN 39-2018056	Advisory (Plan)	$14,627

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3D3H

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.
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.
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

$462K

$3946 / participant

Investment mgmt$461K99.9%
Other / not subdivided$3000.1%

% of EOY assets

0.556%

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: SIKICH LLP
Auditor EIN: 363168081
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$639,021

$65,092+881.7%

$143,799+344.4%

$66,938+854.6%

Participation rate

90.6%

65.2%+25.4pp

80.3%+10.3pp

69.8%+20.8pp

Annual return

-14.76%

-11.14%-3.6pp

-0.04%-14.7pp

1.58%-16.3pp

Employer contribution / active EE

$25,747

$2,362+990.3%

$4,952+419.9%

$2,545+911.6%

Participant deferral / active EE

$15,245

$2,920+422.1%

$5,638+170.4%

$4,238+259.7%

Admin fee / account holder

$3,552

$502+607.0%

$14,677-75.8%

$594+498.4%

Provider

Service type

Compensation

CHOREO LLC1 year

Service code 26 · EIN 41-1944416

Advisory (Participants)

$96,268

LPL FINANCIAL2 years

Service code 27 · EIN 95-2834236

Advisory (Plan)

$70,343

FIDELITY INVESTMENTS INSTITUTIONAL2 years

Filed as: FIDELITY INVESTMENTS

Service code 27

PO BOX 770001 · CINCINNATI, OH 452770003

Advisory (Plan)

$55,519

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH, PIERCE, FENNER AND S

Service code 27 · EIN 13-5674085

Advisory (Plan)

$50,096

DAVID ROMANO2 years

Filed as: DAVID VAUGHN INVESTMENTS LLC

Service code 26 · EIN 37-1272863

Advisory (Participants)

$37,386

RAYMOND JAMES FINANCIAL SERVICES2 years

Filed as: RAYMOND JAMES

Service code 27

411 HAMILTON BLVD., SUITE 2003 · PEORIA, IL 61602

Advisory (Plan)

$25,164

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH

Service code 26 · EIN 13-3180817

Advisory (Participants)

$19,670

KINSEY WEALTH MANAGEMENT2 years

Service code 27 · EIN 34-1542819

Advisory (Plan)

$14,955

TOTAL CLARITY WEALTH1 year

Service code 26 · EIN 20-5303069

Advisory (Participants)

$14,649

NORTHWESTERN MUTUAL INVESTMENT SERV2 years

Filed as: NORTHWESTERN MUTUAL WEALTH MGMT CO

Service code 27 · EIN 39-2018056

Advisory (Plan)

$14,627

CENTRAL ILLINOIS RADIOLOGICAL ASSOCIATES, LTD. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTRAL ILLINOIS RADIOLOGICAL ASSOCIATES, LTD. 401(K) 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