Retirement plan

MICHIGAN INSTITUTE OF UROLOGY, P.C. EMPLOYEE'S PROFIT SHARING AND 401(K) PLAN

Name: MICHIGAN INSTITUTE OF UROLOGY, P.C. - MICHIGAN INSTITUTE OF UROLOGY, P.C. EMPLOYEE'S PROFIT SHARING AND 401(K) PLAN (2019) Form 5500
Creator: MICHIGAN INSTITUTE OF UROLOGY, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MICHIGAN INSTITUTE OF UROLOGY, P.C. EMPLOYEE'S PROFIT SHARING AND 401(K) PLAN, MICHIGAN INSTITUTE OF UROLOGY, P.C.

MICHIGAN INSTITUTE OF UROLOGY, P.C.EIN 38-1962231Plan #004PY 2019

20952 EAST 12 MILE ROAD, SUITE 200 - ST. CLAIR SHORES, MI 48081586-771-4820michiganurology.comLinkedIn51-200 employeesmedical practice

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed May 29, 2015

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$38.6M

+22.0% from 2018

Total participants

401

+1.3% from 2018

Average account balance

$106,230

+18.6% from 2018

Annual return

20.24%

+26.17 pp from 2018

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2019

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$270K

Not enough data

1 years with asset history on file

Average account balance

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

$135K

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.

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.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-6.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5821

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

0 years with F_SCH_H allocation on file

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY2 years Filed as: MORGAN STANLEY GLOBAL BANKING OPER Service code 26 · EIN 26-4310632	Advisory (Participants)	$55,159
FIDELITY INVESTMENTS INSTITUTIONAL3 years Service code 37 · EIN 04-2647786	Loan Processing	$40,947

Plan features & details

Pension benefit codes2A2E2F2G2J2R2T3D

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.

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$85K

$244 / participant

Other / not subdivided$85K100.0%

% of EOY assets

0.222%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: COHEN & COMPANY, LTD.
Auditor EIN: 341912961
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,230

$62,928+68.8%

$172,739-38.5%

$67,579+57.2%

Participation rate

89.2%

64.5%+24.7pp

82.6%+6.5pp

71.3%+17.9pp

Annual return

20.24%

30.36%-10.1pp

802.84%-782.6pp

378.56%-358.3pp

Employer contribution / active EE

$5,481

$1,636+235.0%

$5,143+6.6%

$2,148+155.2%

Participant deferral / active EE

$3,595

$2,145+67.6%

$5,198-30.8%

$3,539+1.6%

Admin fee / account holder

$235

$167+41.3%

$13,954-98.3%

$142+65.5%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2 years

Filed as: MORGAN STANLEY GLOBAL BANKING OPER

Service code 26 · EIN 26-4310632

Advisory (Participants)

$55,159

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Service code 37 · EIN 04-2647786

Loan Processing

$40,947

MICHIGAN INSTITUTE OF UROLOGY, P.C. EMPLOYEE'S PROFIT SHARING AND 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MICHIGAN INSTITUTE OF UROLOGY, P.C. EMPLOYEE'S PROFIT SHARING AND 401(K) PLAN

Top hat statement on fileNQDC

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