Retirement plan

INDEPENDENT EMERGENCY PHYSICIANS, P.C. 401(K) PROFIT SHARING PLAN

Name: INDEPENDENT EMERGENCY PHYSICIANS,P.C. - INDEPENDENT EMERGENCY PHYSICIANS, P.C. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: INDEPENDENT EMERGENCY PHYSICIANS,P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INDEPENDENT EMERGENCY PHYSICIANS, P.C. 401(K) PROFIT SHARING PLAN, INDEPENDENT EMERGENCY PHYSICIANS,P.C.

INDEPENDENT EMERGENCY PHYSICIANS,P.C.EIN 38-3345124Plan #001PY 2020

37000 GRAND RIVER AVENUE, SUITE 310 - FARMINGTON HILLS, MI 48335248-536-2127LinkedIn11-50 employeesmedical practice

Other plans on this EIN

1 filing

#004Retirement-$7.1M assets

Prospect flagsHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$85.9M

+17.4% from 2019

Total participants

309

+0.3% from 2019

Average account balance

$278,119

+17.1% from 2019

Annual return

15.10%

-3.26 pp from 2019

Benchmarks

See 5,416 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,416 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$112.86M

Not enough data

1 years with asset history on file

Average account balance

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

$350K

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.

322

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.

84.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.39M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+13.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$288

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
THE BENEFIT ADVANTAGE, INC.6+ years Filed as: THE BENEFIT ADVANTAGE INC Service code 13 3497 AUBURN ROAD · AUBURN HILLS, MI 48326	Contract Administrator	$27,230
EXECUTIVE WEALTH MANAGEMENT5 years Service code 71 · EIN 20-5413230 135 WEST NORTH STREET SUITE 1 · BRIGHTON, MI 48116	Brokerage Fees	$17,912
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$17,271
RMG ADVISORY SERVICES3 years Service code 71 · EIN 20-2425681 1077 HINCKLEY BLVD. · JACKSON, MI 49203	Brokerage Fees	$10,369
YEO & YEO PC1 year Service code 10 3023 DAVENPORT AVE · SAGINAW, MI 48602	Accounting	$6,000
TD AMERITRADE, INC.5 years Filed as: TD AMERITRADE INC. Service code 33 200 S. 108TH AVENUE · OMAHA, NE 68154	Securities brokerage	$120

Plan features & details

Pension benefit codes2A2E2F2G2J3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$75K

$314 / participant

Contract admin$75K100.0%

% of EOY assets

0.088%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: YEO & YEO, P.C.
Auditor EIN: 382706146
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$278,119

$58,879+372.4%

$178,490+55.8%

$73,488+278.5%

Participation rate

100.0%

66.2%+33.8pp

81.9%+18.1pp

70.7%+29.3pp

Annual return

15.10%

24.86%-9.8pp

151.07%-136.0pp

28.51%-13.4pp

Employer contribution / active EE

$18,725

$2,236+737.3%

$5,011+273.7%

$2,270+724.8%

Participant deferral / active EE

$4,785

$2,567+86.4%

$5,202-8.0%

$3,740+27.9%

Admin fee / account holder

$244

$400-39.1%

$13,984-98.3%

$513-52.5%

Provider

Service type

Compensation

THE BENEFIT ADVANTAGE, INC.6+ years

Filed as: THE BENEFIT ADVANTAGE INC

Service code 13

3497 AUBURN ROAD · AUBURN HILLS, MI 48326

Contract Administrator

$27,230

EXECUTIVE WEALTH MANAGEMENT5 years

Service code 71 · EIN 20-5413230

135 WEST NORTH STREET SUITE 1 · BRIGHTON, MI 48116

Brokerage Fees

$17,912

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$17,271

RMG ADVISORY SERVICES3 years

Service code 71 · EIN 20-2425681

1077 HINCKLEY BLVD. · JACKSON, MI 49203

Brokerage Fees

$10,369

YEO & YEO PC1 year

Service code 10

3023 DAVENPORT AVE · SAGINAW, MI 48602

Accounting

$6,000

TD AMERITRADE, INC.5 years

Filed as: TD AMERITRADE INC.

Service code 33

200 S. 108TH AVENUE · OMAHA, NE 68154

Securities brokerage

$120

INDEPENDENT EMERGENCY PHYSICIANS, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INDEPENDENT EMERGENCY PHYSICIANS, P.C. 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