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 (2020) 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 2020

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)

$11.4M

+21.1% from 2019

Total participants

175

+4.2% from 2019

Average account balance

$65,331

+16.3% from 2019

Annual return

17.48%

-10.12 pp from 2019

Benchmarks

See 261 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants100-249

Cohort261 peers

Snapshot2020

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.5 years Service code 15 · EIN 45-6062081	Recordkeeping	$13,515

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

$14K

$91 / participant

Investment mgmt$12K85.9%
Other / not subdivided$2K14.1%

% of EOY assets

0.118%

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 & KATONA
Auditor EIN: 382806590
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,331

$73,823-11.5%

$379,746-82.8%

$73,493-11.1%

Participation rate

100.0%

73.1%+26.9pp

78.4%+21.6pp

70.7%+29.3pp

Annual return

17.48%

29.06%-11.6pp

34.90%-17.4pp

28.51%-11.0pp

Employer contribution / active EE

$1,885

$2,472-23.7%

$3,540-46.7%

$2,270-17.0%

Participant deferral / active EE

$5,145

$4,038+27.4%

$6,024-14.6%

$3,740+37.6%

Admin fee / account holder

$77

$607-87.3%

$7,927-99.0%

$513-84.9%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.5 years

Service code 15 · EIN 45-6062081

Recordkeeping

$13,515

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