Retirement plan

EMERGENCY PHYSICIANS PROFESSIONAL ASSOCIATION PROFIT SHARING 401(K) PLAN

Name: EMERGENCY PHYSICIANS PROFESSIONAL ASSOCIATION - EMERGENCY PHYSICIANS PROFESSIONAL ASSOCIATION PROFIT SHARING 401(K) PLAN (2024) Form 5500
Creator: EMERGENCY PHYSICIANS PROFESSIONAL ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMERGENCY PHYSICIANS PROFESSIONAL ASSOCIATION PROFIT SHARING 401(K) PLAN, EMERGENCY PHYSICIANS PROFESSIONAL ASSOCIATION

EMERGENCY PHYSICIANS PROFESSIONAL ASSOCIATIONEIN 41-0949999Plan #001PY 2024

4300 MARKETPOINTE DRIVE SUITE 100 - BLOOMINGTON, MN 55435952-835-9880eppahealth.comLinkedIn501-1000 employeeshospital & health care

Other plans on this EIN

1 filing

#002Retirement-$2.7M assets

Prospect flagsHigh assets / participantFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$294.4M

+14.4% from 2023

Total participants

687

+6.0% from 2023

Average account balance

$434,151

+7.8% from 2023

Annual return

12.77%

-4.15 pp from 2023

Benchmarks

See 4,124 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,124 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$294.35M

Not enough data

1 years with asset history on file

Average account balance

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

$434K

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.

678

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.

98.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20.26M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$42K

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

+12.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$216

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 10 of 11 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.6 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$146,359
EVEREST FINANCIAL GROUP LLC9+ years Service code 26 · EIN 20-3239712	Advisory (Participants)	$49,030
THE ADVOCATE GROUP LLC5 years Service code 26 · EIN 45-1497656	Advisory (Participants)	$14,456
OCEANSIDE ADVISORS LLC2 years Service code 26 · EIN 46-1098476	Advisory (Participants)	$10,363
CLIFTONLARSONALLEN LLP2 years Filed as: CLIFTONLARSONALLEN Service code 26 · EIN 41-1803291	Advisory (Participants)	$10,244
LARSON FINANCIAL GROUP LLC5 years Service code 26 · EIN 20-4773945	Advisory (Participants)	$10,040
BOULAY PLLP1 year Filed as: BOULAY FINANCIAL ADVISORS LLC Service code 26 · EIN 41-1803291	Advisory (Participants)	$9,557
MUTUAL ADVISORS LLC4 years Service code 26 · EIN 27-1193779	Advisory (Participants)	$8,614
CREATIVE PLANNING LLC1 year Service code 26 · EIN 43-1270780	Advisory (Participants)	$5,201
CHARLES SCHWAB & CO., INC.9+ years Service code 33 · EIN 94-1737782	Shareholder servicing fees; Direct pa...	$2,075

Plan features & details

Pension benefit codes2A2E2F2G2J2R2S2T3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

3 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$146K

$301 / participant

Recordkeeping$134K91.3%
Investment mgmt$13K8.7%

% of EOY assets

0.050%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$434,151

$50,860+753.6%

$155,574+179.1%

$77,714+458.7%

Participation rate

98.2%

63.1%+35.0pp

78.2%+19.9pp

70.6%+27.6pp

Annual return

12.77%

34.86%-22.1pp

64.87%-52.1pp

31.26%-18.5pp

Employer contribution / active EE

$30,392

$1,991+1426.7%

$4,676+550.0%

$2,727+1014.6%

Participant deferral / active EE

$11,204

$2,825+296.6%

$5,629+99.0%

$4,649+141.0%

Admin fee / account holder

$216

$436-50.5%

$15,914-98.6%

$433-50.2%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.6 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$146,359

EVEREST FINANCIAL GROUP LLC9+ years

Service code 26 · EIN 20-3239712

Advisory (Participants)

$49,030

THE ADVOCATE GROUP LLC5 years

Service code 26 · EIN 45-1497656

Advisory (Participants)

$14,456

OCEANSIDE ADVISORS LLC2 years

Service code 26 · EIN 46-1098476

Advisory (Participants)

$10,363

CLIFTONLARSONALLEN LLP2 years

Filed as: CLIFTONLARSONALLEN

Service code 26 · EIN 41-1803291

Advisory (Participants)

$10,244

LARSON FINANCIAL GROUP LLC5 years

Service code 26 · EIN 20-4773945

Advisory (Participants)

$10,040

BOULAY PLLP1 year

Filed as: BOULAY FINANCIAL ADVISORS LLC

Service code 26 · EIN 41-1803291

Advisory (Participants)

$9,557

MUTUAL ADVISORS LLC4 years

Service code 26 · EIN 27-1193779

Advisory (Participants)

$8,614

CREATIVE PLANNING LLC1 year

Service code 26 · EIN 43-1270780

Advisory (Participants)

$5,201

CHARLES SCHWAB & CO., INC.9+ years

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Direct pa...

$2,075

EMERGENCY PHYSICIANS PROFESSIONAL ASSOCIATION PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMERGENCY PHYSICIANS PROFESSIONAL ASSOCIATION PROFIT SHARING 401(K) 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