Retirement plan

MICHIGAN KIDNEY CONSULTANTS, P.C. 401(K) PROFIT SHARING PLAN & TRUST

Name: MICHIGAN KIDNEY CONSULTANTS, P.C. - MICHIGAN KIDNEY CONSULTANTS, P.C. 401(K) PROFIT SHARING PLAN & TRUST (2020) Form 5500
Creator: MICHIGAN KIDNEY CONSULTANTS, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MICHIGAN KIDNEY CONSULTANTS, P.C. 401(K) PROFIT SHARING PLAN & TRUST, MICHIGAN KIDNEY CONSULTANTS, P.C.

MICHIGAN KIDNEY CONSULTANTS, P.C.EIN 38-2393492Plan #002PY 2020

5280 METROPOLITAN PARKWAY - STERLING HEIGHTS, MI 48310248-290-3111michigankidney.comLinkedIn11-50 employeesmedical practice

Prospect flagsHigh feesHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$24.6M

+20.1% from 2019

Total participants

+7.9% from 2019

Average account balance

$264,206

+12.3% from 2019

Annual return

14.17%

-6.12 pp from 2019

Benchmarks

See 18,628 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,628 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$37.59M

Not enough data

1 years with asset history on file

Average account balance

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

$392K

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.

124.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.86M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$24K

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

+17.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17674

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

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2H2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$451K

$6353 / participant

Other / not subdivided$451K100.0%

% of EOY assets

1.836%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$264,206

$91,198+189.7%

$178,503+48.0%

$79,856+230.9%

Participation rate

95.8%

69.2%+26.6pp

81.9%+13.8pp

69.6%+26.1pp

Annual return

14.17%

24.20%-10.0pp

151.12%-136.9pp

31.71%-17.5pp

Employer contribution / active EE

$11,586

$3,257+255.8%

$5,011+131.2%

$2,471+368.8%

Participant deferral / active EE

$10,785

$3,237+233.2%

$5,202+107.3%

$3,741+188.3%

Admin fee / account holder

$4,850

$6,748-28.1%

$13,987-65.3%

$5,306-8.6%

MICHIGAN KIDNEY CONSULTANTS, P.C. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MICHIGAN KIDNEY CONSULTANTS, P.C. 401(K) PROFIT SHARING PLAN & TRUST

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