Retirement plan

UPPER PENINSULA HEALTH PLAN 401(K) PROFIT SHARING PLAN

Name: UPPER PENINSULA MANAGED CARE, LLC - UPPER PENINSULA HEALTH PLAN 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: UPPER PENINSULA MANAGED CARE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UPPER PENINSULA HEALTH PLAN 401(K) PROFIT SHARING PLAN, UPPER PENINSULA MANAGED CARE, LLC

UPPER PENINSULA MANAGED CARE, LLCEIN 38-3323620Plan #001PY 2019

853 WEST WASHINGTON ST. - MARQUETTE, MI 49855906-225-7500uphealthgroup.comLinkedIn51-200 employeesmedical practice

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$9.4M

+32.8% from 2018

Total participants

168

+0.6% from 2018

Average account balance

$56,186

+32.0% from 2018

Annual return

27.60%

+33.11 pp from 2018

Benchmarks

See 262 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants100-249

Cohort262 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.04M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

227

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.

95.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+17.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$79

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 1 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.4 years Service code 15 · EIN 45-6062081	Recordkeeping	$22,881

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$23K

$156 / participant

Investment mgmt$20K88.9%
Other / not subdivided$3K11.1%

% of EOY assets

0.242%

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: MAKELA, TOUTANT, HILL, NARDI & KATO
Auditor EIN: 382806590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,186

$64,919-13.5%

$392,568-85.7%

$65,185-13.8%

Participation rate

100.0%

72.0%+28.0pp

78.1%+21.9pp

70.2%+29.8pp

Annual return

27.60%

26.09%+1.5pp

24.42%+3.2pp

29.38%-1.8pp

Employer contribution / active EE

$1,838

$2,374-22.6%

$3,783-51.4%

$2,177-15.6%

Participant deferral / active EE

$5,035

$3,668+37.2%

$5,985-15.9%

$3,514+43.3%

Admin fee / account holder

$136

$634-78.5%

$6,260-97.8%

$847-83.9%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.4 years

Service code 15 · EIN 45-6062081

Recordkeeping

$22,881

UPPER PENINSULA HEALTH PLAN 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UPPER PENINSULA HEALTH PLAN 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