Retirement plan

METROPOLITAN UROLOGIC SPECIALISTS, P.A. 401(K) PROFIT SHARING PLAN

Name: METROPOLITAN UROLOGIC SPECIALISTS, P.A. - METROPOLITAN UROLOGIC SPECIALISTS, P.A. 401(K) PROFIT SHARING PLAN (2016) Form 5500
Creator: METROPOLITAN UROLOGIC SPECIALISTS, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, METROPOLITAN UROLOGIC SPECIALISTS, P.A. 401(K) PROFIT SHARING PLAN, METROPOLITAN UROLOGIC SPECIALISTS, P.A.

METROPOLITAN UROLOGIC SPECIALISTS, P.A.EIN 41-0960332Plan #002PY 2016

6025 LAKE ROAD SUITE 200 - WOODBURY, MN 55125651-999-2713mnurology.comLinkedIn201-500 employeeshospital & health care

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed November 16, 2004

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$22.4M

+12.3% from 2015

Total participants

185

+2.8% from 2015

Average account balance

$121,303

+9.3% from 2015

Annual return

7.15%

+8.94 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$54.16M

Not enough data

1 years with asset history on file

Average account balance

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

$123K

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.

440

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.

98.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.67M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+12.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$492

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 6 by compensation

Provider	Service type	Compensation
KESTRA INVESTMENT SERVICES LLC1 year Service code 27 · EIN 35-2552359	Advisory (Plan)	$57,134
SAGE ADVISORY SERVICES2+ years Filed as: SAGE POINT FINANCIAL INC Service code 33 2800 N. CENTRAL AVE · PHOENIX, AZ 85004	Securities brokerage; Direct payment ...	$25,591
UBS FINANCIAL SERVICES INC2+ years Filed as: UBS FINANCIAL SERVICES, INC Service code 33 444 CEDAR STREET · ST PAUL, MN 55101	Securities brokerage; Direct payment ...	$23,149
ALERUS FINANCIAL, N.A.2+ years Service code 15 · EIN 45-0140105	Recordkeeping	$23,115
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO ADVISORS Service code 33 80 SOUTH 8TH STREET · MINNEAPOLIS, MN 55402	Direct payment from the plan; Securit...	$12,827
NFP RETIREMENT INC1 year Filed as: NFP FINANCIAL SERVICES LLC Service code 27 · EIN 74-2794194	Advisory (Plan)	$11,867

Plan features & details

Pension benefit codes2E2F2G2J2K2R3D2T2S

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$154K

$1410 / participant

Investment mgmt$70K45.6%
Other / not subdivided$84K54.4%

% of EOY assets

0.685%

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: WIPFLI, LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$121,303

$46,732+159.6%

$156,551-22.5%

$55,167+119.9%

Participation rate

100.0%

65.8%+34.2pp

84.0%+16.0pp

69.0%+31.0pp

Annual return

7.15%

17.72%-10.6pp

32.23%-25.1pp

169.23%-162.1pp

Employer contribution / active EE

$6,616

$2,105+214.3%

$5,501+20.3%

$1,963+237.1%

Participant deferral / active EE

$5,756

$2,204+161.1%

$4,871+18.2%

$3,054+88.5%

Admin fee / account holder

$831

$418+98.6%

$13,028-93.6%

$504+64.9%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC1 year

Service code 27 · EIN 35-2552359

Advisory (Plan)

$57,134

SAGE ADVISORY SERVICES2+ years

Filed as: SAGE POINT FINANCIAL INC

Service code 33

2800 N. CENTRAL AVE · PHOENIX, AZ 85004

Securities brokerage; Direct payment ...

$25,591

UBS FINANCIAL SERVICES INC2+ years

Filed as: UBS FINANCIAL SERVICES, INC

Service code 33

444 CEDAR STREET · ST PAUL, MN 55101

Securities brokerage; Direct payment ...

$23,149

ALERUS FINANCIAL, N.A.2+ years

Service code 15 · EIN 45-0140105

Recordkeeping

$23,115

WELLS FARGO BANK, N.A.2+ years

Filed as: WELLS FARGO ADVISORS

Service code 33

80 SOUTH 8TH STREET · MINNEAPOLIS, MN 55402

Direct payment from the plan; Securit...

$12,827

NFP RETIREMENT INC1 year

Filed as: NFP FINANCIAL SERVICES LLC

Service code 27 · EIN 74-2794194

Advisory (Plan)

$11,867

METROPOLITAN UROLOGIC SPECIALISTS, P.A. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

METROPOLITAN UROLOGIC SPECIALISTS, P.A. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

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