Retirement plan

PREMIER OBGYN OF MINNESOTA, PLLC 401K PROFIT SHARING PLAN

Name: PREMIER OBGYN OF MINNESOTA, PLLC - PREMIER OBGYN OF MINNESOTA, PLLC 401K PROFIT SHARING PLAN (2023) Form 5500
Creator: PREMIER OBGYN OF MINNESOTA, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PREMIER OBGYN OF MINNESOTA, PLLC 401K PROFIT SHARING PLAN, PREMIER OBGYN OF MINNESOTA, PLLC

PREMIER OBGYN OF MINNESOTA, PLLCEIN 41-1236623Plan #008PY 2023

3625 WEST 65TH STREET, SUITE 100 - EDINA, MN 55435919-249-2000premierobgynmn.comLinkedIn201-500 employeesmedical practice

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$81.9M

+1.1% from 2022

Total participants

419

+8.0% from 2022

Average account balance

$195,524

-8.1% from 2022

Annual return

12.15%

+26.82 pp from 2022

Benchmarks

See 5,719 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,719 peers

Snapshot2023

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

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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

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 4 by compensation

Provider	Service type	Compensation
MVP PLAN ADMINISTRATORS, INC.1 year Service code 13 · EIN 56-2263714	Contract Administrator	$59,395
AMERICAN FUNDS9+ years Filed as: ADVANCED CAPITAL GROUP Service code 26 · EIN 41-0192196	Advisory (Participants)	$52,500
MILLIMAN, INC.1 year Filed as: MILLIMAN INC. Service code 13 · EIN 91-0675641	Contract Administrator	$9,976
MATRIX TRUST COMPANY9+ years Service code 19 · EIN 75-3182674	Securities Custodian	$447

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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$122K

$496 / participant

Trustee / custodial$4470.4%
Investment mgmt$53K42.9%
Contract admin$69K56.7%

% of EOY assets

0.149%

all-in expense ratio

Categories reported

3 / 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: WILLIAMS OVERMAN PIERCE
Auditor EIN: 560131342
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$195,524

$61,272+219.1%

$149,673+30.6%

$71,457+173.6%

Participation rate

100.0%

62.5%+37.5pp

78.8%+21.2pp

67.9%+32.1pp

Annual return

12.15%

35.85%-23.7pp

134.42%-122.3pp

28.85%-16.7pp

Employer contribution / active EE

$10,679

$2,378+349.0%

$4,818+121.7%

$2,588+312.7%

Participant deferral / active EE

$7,366

$2,917+152.5%

$5,680+29.7%

$4,289+71.7%

Admin fee / account holder

$292

$1,261-76.8%

$13,210-97.8%

$1,587-81.6%

Provider

Service type

Compensation

MVP PLAN ADMINISTRATORS, INC.1 year

Service code 13 · EIN 56-2263714

Contract Administrator

$59,395

AMERICAN FUNDS9+ years

Filed as: ADVANCED CAPITAL GROUP

Service code 26 · EIN 41-0192196

Advisory (Participants)

$52,500

MILLIMAN, INC.1 year

Filed as: MILLIMAN INC.

Service code 13 · EIN 91-0675641

Contract Administrator

$9,976

MATRIX TRUST COMPANY9+ years

Service code 19 · EIN 75-3182674

Securities Custodian

$447

PREMIER OBGYN OF MINNESOTA, PLLC 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PREMIER OBGYN OF MINNESOTA, PLLC 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