Retirement plan

PREMIER OBGYN OF MINNESOTA, P.A. 401K PROFIT SHARING PLAN

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

PREMIER OBGYN OF MINNESOTA, P.A.EIN 41-1236623Plan #008PY 2016

3625 WEST 65TH STREET, SUITE 100 - EDINA, MN 55435862-249-2052premierobgynmn.comLinkedIn201-500 employeesmedical practice

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$64.7M

+13.2% from 2015

Total participants

324

+3.5% from 2015

Average account balance

$201,680

+7.9% from 2015

Annual return

8.25%

+7.57 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

$86.33M

Not enough data

1 years with asset history on file

Average account balance

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

$200K

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.

431

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.

96.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+11.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$212

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 4 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.2+ years Service code 15 · EIN 91-0675641	Recordkeeping	$46,727
AMERICAN FUNDS2+ years Filed as: ADVANCED CAPITAL GROUP Service code 27 · EIN 41-0192196	Advisory (Plan)	$42,000
MATRIX TRUST COMPANY2+ years Service code 19 · EIN 75-3182674	Securities Custodian	$25,519
CLIFTONLARSONALLEN LLP2+ years Service code 27 · EIN 41-0746749	Advisory (Plan)	$10,082

Plan features & details

Pension benefit codes2T2E2F2G2J3D2A

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$124K

$527 / participant

Other / not subdivided$124K100.0%

% of EOY assets

0.192%

all-in expense ratio

Categories reported

0 / 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: CLIFTONLARSONALLEN, LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$201,680

$46,732+331.6%

$156,551+28.8%

$55,167+265.6%

Participation rate

98.7%

65.8%+32.9pp

84.0%+14.7pp

69.0%+29.7pp

Annual return

8.25%

17.72%-9.5pp

32.23%-24.0pp

169.23%-161.0pp

Employer contribution / active EE

$10,060

$2,105+377.9%

$5,501+82.9%

$1,963+412.6%

Participant deferral / active EE

$6,453

$2,204+192.8%

$4,871+32.5%

$3,054+111.3%

Admin fee / account holder

$387

$418-7.4%

$13,028-97.0%

$504-23.1%

Provider

Service type

Compensation

MILLIMAN, INC.2+ years

Service code 15 · EIN 91-0675641

Recordkeeping

$46,727

AMERICAN FUNDS2+ years

Filed as: ADVANCED CAPITAL GROUP

Service code 27 · EIN 41-0192196

Advisory (Plan)

$42,000

MATRIX TRUST COMPANY2+ years

Service code 19 · EIN 75-3182674

Securities Custodian

$25,519

CLIFTONLARSONALLEN LLP2+ years

Service code 27 · EIN 41-0746749

Advisory (Plan)

$10,082

PREMIER OBGYN OF MINNESOTA, P.A. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PREMIER OBGYN OF MINNESOTA, P.A. 401K 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