Retirement plan

MICHIGAN UNITED PHYSICIANS, P.C. RETIREMENT PLAN

Name: MICHIGAN UNITED PHYSICIANS, P.C. - MICHIGAN UNITED PHYSICIANS, P.C. RETIREMENT PLAN (2024) Form 5500
Creator: MICHIGAN UNITED PHYSICIANS, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MICHIGAN UNITED PHYSICIANS, P.C. RETIREMENT PLAN, MICHIGAN UNITED PHYSICIANS, P.C.

MICHIGAN UNITED PHYSICIANS, P.C.EIN 38-3251771Plan #004PY 2024

2450 WALTON BLVD. - ROCHESTER HILLS, MI 48309248-650-0096LinkedIn11-50 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.8M

+6.7% from 2023

Total participants

0.0% from 2023

Average account balance

$58,582

+10.3% from 2023

Annual return

9.15%

-2.02 pp from 2023

Benchmarks

See 109,210 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,210 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.76M

Not enough data

1 years with asset history on file

Average account balance

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

$59K

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.

272.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$159K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+9.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7347

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 codes2E2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$220K

$20037 / participant

Other / not subdivided$220K100.0%

% of EOY assets

12.541%

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

$58,582

$183,539-68.1%

$155,556-62.3%

$145,897-59.8%

Participation rate

90.9%

82.7%+8.2pp

78.2%+12.7pp

80.3%+10.6pp

Annual return

9.15%

61.31%-52.2pp

64.84%-55.7pp

552.29%-543.1pp

Employer contribution / active EE

$2,945

$5,315-44.6%

$4,675-37.0%

$4,663-36.8%

Participant deferral / active EE

$11,523

$6,467+78.2%

$5,631+104.6%

$6,689+72.3%

Admin fee / account holder

$7,347

$19,275-61.9%

$15,885-53.7%

$13,390-45.1%

MICHIGAN UNITED PHYSICIANS, P.C. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MICHIGAN UNITED PHYSICIANS, P.C. RETIREMENT 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