Retirement plan

UNIVERSITY PEDIATRICIANS 401(K) PROFIT SHARING PLAN

Name: UNIVERSITY PEDIATRICIANS - UNIVERSITY PEDIATRICIANS 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: UNIVERSITY PEDIATRICIANS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSITY PEDIATRICIANS 401(K) PROFIT SHARING PLAN, UNIVERSITY PEDIATRICIANS

UNIVERSITY PEDIATRICIANSEIN 38-3336414Plan #002PY 2023

3901 BEAUBIEN, SUITE H - DETROIT, MI 48201313-745-5870universitypediatricians.orgLinkedIn51-200 employeeshealth, wellness and fitness

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed October 23, 2015

Plan administrator

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4201 ST. ANTOINE ST.

DETROIT State: MI Zip Code: 48201

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Plans declared (1)

457B45 emp

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Total assets (EOY)

$97.2M

+24.3% from 2022

Total participants

671

+8.6% from 2022

Average account balance

$148,813

+16.9% from 2022

Annual return

16.07%

+26.18 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$112.82M

Not enough data

1 years with asset history on file

Average account balance

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

$163K

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.

694

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.

94.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.85M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+12.14%

Not enough data

1 years with return on file

Admin fee / account holder

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

$261

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
TIAA3 years Service code 15 · EIN 13-1624203	Recordkeeping	$96,892
FLEXPATH STRATEGIES, LLC3 years Service code 27 · EIN 46-4782313	Advisory (Plan)	$37,954
NFP RETIREMENT INC1 year Filed as: NFP RETIREMENT INC. Service code 27 · EIN 33-0905143	Advisory (Plan)	$13,393

Plan features & details

Pension benefit codes2E2F2G2J2T

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.

Opportunity flags

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$148K

$333 / participant

Recordkeeping$96K64.6%
Investment mgmt$52K35.3%
Other / not subdivided$2170.1%

% of EOY assets

0.153%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: DOEREN MAYHEW
Auditor EIN: 382492570
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$148,813

$47,163+215.5%

$149,696-0.6%

$74,460+99.9%

Participation rate

96.0%

63.4%+32.5pp

78.8%+17.2pp

70.7%+25.2pp

Annual return

16.07%

22.75%-6.7pp

134.46%-118.4pp

34.38%-18.3pp

Employer contribution / active EE

$13,672

$1,907+617.0%

$4,821+183.6%

$2,638+418.3%

Participant deferral / active EE

$8,338

$2,730+205.4%

$5,682+46.7%

$4,530+84.1%

Admin fee / account holder

$227

$343-33.7%

$13,212-98.3%

$348-34.6%

Provider

Service type

Compensation

TIAA3 years

Service code 15 · EIN 13-1624203

Recordkeeping

$96,892

FLEXPATH STRATEGIES, LLC3 years

Service code 27 · EIN 46-4782313

Advisory (Plan)

$37,954

NFP RETIREMENT INC1 year

Filed as: NFP RETIREMENT INC.

Service code 27 · EIN 33-0905143

Advisory (Plan)

$13,393

UNIVERSITY PEDIATRICIANS 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY PEDIATRICIANS 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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