Retirement plan

UNIVERSITY NEUROSURGICAL ASSOCIATES, P. C. 401(K) PLAN

Name: UNIVERSITY NEUROSURGICAL ASSOCIATES P.C. - UNIVERSITY NEUROSURGICAL ASSOCIATES, P. C. 401(K) PLAN (2019) Form 5500
Creator: UNIVERSITY NEUROSURGICAL ASSOCIATES P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSITY NEUROSURGICAL ASSOCIATES, P. C. 401(K) PLAN, UNIVERSITY NEUROSURGICAL ASSOCIATES P.C.

UNIVERSITY NEUROSURGICAL ASSOCIATES P.C.EIN 38-2376857Plan #003PY 2019

29275 NORTHWESTERN HIGHWAY, SUITE 100 - SOUTHFIELD, MI 48034248-784-3704LinkedIn1-10 employeeshospital & health care

Other plans on this EIN

1 filing

#005Retirement-$10.7M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$24.8M

+16.4% from 2018

Total participants

216

+10.2% from 2018

Average account balance

$123,926

+0.1% from 2018

Annual return

18.52%

+22.02 pp from 2018

Benchmarks

See 5,341 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,341 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$27.98M

Not enough data

1 years with asset history on file

Average account balance

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

$122K

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.

230

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.

92.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.02M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+12.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$13

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 4 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP1 year Service code 11 · EIN 06-1053228	Actuarial	$14,016
CHARLES SCHWAB & CO., INC.5+ years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$5,036
CHERNOFF DIAMOND & CO., LLC5+ years Filed as: CHERNOFF DIAMOND & CO, LLC Service code 11	Actuarial	$3,641
CHERNOFF DIAMOND & CO., LLC5+ years Service code 11 · EIN 11-2836994	Actuarial	$252

Plan features & details

Pension benefit codes2A2E2F2G2J2R3D

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.
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

1 tripped

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

$3K

$21 / participant

Contract admin$3K100.0%

% of EOY assets

0.013%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: GETTRY MARCUS CPA PC
Auditor EIN: 133418879
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$123,926

$52,967+134.0%

$172,753-28.3%

$65,186+90.1%

Participation rate

89.8%

66.2%+23.6pp

82.6%+7.2pp

70.2%+19.6pp

Annual return

18.52%

30.12%-11.6pp

803.00%-784.5pp

29.39%-10.9pp

Employer contribution / active EE

$6,999

$2,190+219.6%

$5,144+36.1%

$2,177+221.5%

Participant deferral / active EE

$4,770

$2,471+93.0%

$5,198-8.2%

$3,514+35.7%

Admin fee / account holder

$16

$472-96.6%

$13,956-99.9%

$847-98.1%

Provider

Service type

Compensation

USI CONSULTING GROUP1 year

Service code 11 · EIN 06-1053228

Actuarial

$14,016

CHARLES SCHWAB & CO., INC.5+ years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

$5,036

CHERNOFF DIAMOND & CO., LLC5+ years

Filed as: CHERNOFF DIAMOND & CO, LLC

Service code 11

Actuarial

$3,641

CHERNOFF DIAMOND & CO., LLC5+ years

Service code 11 · EIN 11-2836994

Actuarial

$252

UNIVERSITY NEUROSURGICAL ASSOCIATES, P. C. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY NEUROSURGICAL ASSOCIATES, P. C. 401(K) 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