Retirement plan

NORAN NEUROLOGICAL CLINIC, P.A. 401(K) PROFIT SHARING PLAN

Name: NORAN NEUROLOGICAL CLINIC, P.A. - NORAN NEUROLOGICAL CLINIC, P.A. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: NORAN NEUROLOGICAL CLINIC, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORAN NEUROLOGICAL CLINIC, P.A. 401(K) PROFIT SHARING PLAN, NORAN NEUROLOGICAL CLINIC, P.A.

NORAN NEUROLOGICAL CLINIC, P.A.EIN 41-0984062Plan #002PY 2017

2828 CHICAGO AVE SO, STE 320 - MINNEAPOLIS, MN 55407612-879-1000

Prospect flagsHigh feesHigh assets / participantCorrective distributions

Top hat statement on fileNQDC

Filed July 4, 2010 (most recent of 2 filings on file)

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)

$157.1M

+12.6% from 2016

Total participants

299

-3.2% from 2016

Average account balance

$601,950

+12.2% from 2016

Annual return

16.63%

+2.35 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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Analytics

Total assets (EOY)

Plan-year ending balance

$153.55M

Not enough data

1 years with asset history on file

Average account balance

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

$600K

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.

256

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.

71.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.83M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+19.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$375

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 5 by compensation

Provider	Service type	Compensation
DISCIPLINED GROWTH INVESTORS3+ years Filed as: DISCIPLINED GROWTH INVESTORS INC Service code 28 · EIN 41-1901233	Investment Management	$544,550
AMERICAN UNITED LIFE INSURANCE CO3+ years Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$97,295
BMO HARRIS BANK NA3+ years Filed as: BMO HARRIS BANK, N.A. Service code 19 · EIN 36-2085229	Securities Custodian	$0
AMERICAN UNITED LIFE INSURANCE CO2 years Filed as: ONEAMERICA RETIREMENT SERVICES, LLC Service code 15	Recordkeeping	$0
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO SECURITIES Service code 33 ONE NORTH JEFFERSON · ST. LOUIS, MO 63103	Securities brokerage commissions and ...	$0

Plan features & details

Pension benefit codes2E2J2K3D2H2F

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

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

$642K

$2840 / participant

Investment mgmt$545K84.8%
Other / not subdivided$97K15.2%

% of EOY assets

0.409%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: DS&B, LTD.
Auditor EIN: 411475695
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$601,950

$55,453+985.5%

$170,442+253.2%

$62,292+866.3%

Participation rate

83.2%

66.4%+16.8pp

83.6%-0.4pp

69.5%+13.7pp

Annual return

16.63%

21.38%-4.7pp

205.93%-189.3pp

28.90%-12.3pp

Employer contribution / active EE

$3,488

$2,164+61.2%

$5,433-35.8%

$2,042+70.8%

Participant deferral / active EE

$6,093

$2,303+164.6%

$4,939+23.3%

$3,169+92.2%

Admin fee / account holder

$2,459

$455+440.4%

$13,880-82.3%

$479+413.0%

Provider

Service type

Compensation

DISCIPLINED GROWTH INVESTORS3+ years

Filed as: DISCIPLINED GROWTH INVESTORS INC

Service code 28 · EIN 41-1901233

Investment Management

$544,550

AMERICAN UNITED LIFE INSURANCE CO3+ years

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$97,295

BMO HARRIS BANK NA3+ years

Filed as: BMO HARRIS BANK, N.A.

Service code 19 · EIN 36-2085229

Securities Custodian

AMERICAN UNITED LIFE INSURANCE CO2 years

Filed as: ONEAMERICA RETIREMENT SERVICES, LLC

Service code 15

Recordkeeping

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO SECURITIES

Service code 33

ONE NORTH JEFFERSON · ST. LOUIS, MO 63103

Securities brokerage commissions and ...

NORAN NEUROLOGICAL CLINIC, 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

NORAN NEUROLOGICAL CLINIC, 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