Retirement plan

METROPOLITAN ANESTHESIA NETWORK PROFIT SHARING PLAN

Name: METROPOLITAN ANESTHESIA NETWORK, LLP - METROPOLITAN ANESTHESIA NETWORK PROFIT SHARING PLAN (2024) Form 5500
Creator: METROPOLITAN ANESTHESIA NETWORK, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, METROPOLITAN ANESTHESIA NETWORK PROFIT SHARING PLAN, METROPOLITAN ANESTHESIA NETWORK, LLP

METROPOLITAN ANESTHESIA NETWORK, LLPEIN 41-1524692Plan #001PY 2024

14700 28TH AVENUE NORTH, SUITE 20 - PLYMOUTH, MN 55447763-559-3779LinkedIn201-500 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$5.7M assets

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$391.1M

-7.8% from 2016

Total participants

685

-27.8% from 2016

Average account balance

$595,304

+19.3% from 2016

Annual return

18.53%

-6.65 pp from 2016

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$391.11M

Not enough data

1 years with asset history on file

Average account balance

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

$595K

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.

657

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.

94.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$23.36M

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

+18.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$466

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 13 by compensation

Provider	Service type	Compensation
PUNCH & ASSOCIATES4 years Filed as: PUNCH & ASSOC INVESTMENT MANAG Service code 26 · EIN 82-0566501	Advisory (Participants)	$115,046
CHARLES SCHWAB & CO., INC.4 years Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC Service code 15 · EIN 34-1479833	Recordkeeping	$45,137
AMERICAN FUNDS4 years Filed as: ADVANCED CAPITAL GROUP INC Service code 26 · EIN 41-1921960	Advisory (Participants)	$31,170
MURPHY POHLAD ASSET MANAGEMENT4 years Service code 26 · EIN 41-1962811	Advisory (Participants)	$16,997
INTELLICENTS INVESTMENT SOLUTIONS I3 years Filed as: INTELLICENTS INVESTMENT Service code 26 · EIN 41-1812533	Advisory (Participants)	$16,860
KOVITZ INVESTMENT GROUP4 years Filed as: KOVITZ INVESTMENT GROUP PARTNE Service code 26 · EIN 47-5657416	Advisory (Participants)	$16,215
BANNERSTONE CAPITAL MANAGEMENT10+ years Service code 26 · EIN 26-2360041	Advisory (Participants)	$15,407
COMPASS CAPITAL MANAGEMENT INC4 years Service code 26 · EIN 41-1611668	Advisory (Participants)	$13,605
THE GUARDIAN INSURANCE & ANNUITY CO2 years Filed as: GUARDIAN WEALTH ADVISORS LLC Service code 26 · EIN 20-8832432	Advisory (Participants)	$9,710
CAHILL FINANCIAL ADVISORS INC4 years Service code 26 · EIN 45-4112505	Advisory (Participants)	$6,338

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3D3F3H

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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$306K

$553 / participant

Recordkeeping$43K13.9%
Investment mgmt$264K86.1%

% of EOY assets

0.078%

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

$595,304

$50,919+1069.1%

$155,556+282.7%

$77,762+665.5%

Participation rate

94.9%

63.1%+31.9pp

78.2%+16.7pp

70.6%+24.4pp

Annual return

18.53%

34.84%-16.3pp

64.84%-46.3pp

31.27%-12.7pp

Employer contribution / active EE

$23,815

$1,991+1095.9%

$4,675+409.4%

$2,728+773.0%

Participant deferral / active EE

$18,357

$2,824+549.9%

$5,631+226.0%

$4,651+294.7%

Admin fee / account holder

$466

$437+6.8%

$15,885-97.1%

$433+7.8%

Provider

Service type

Compensation

PUNCH & ASSOCIATES4 years

Filed as: PUNCH & ASSOC INVESTMENT MANAG

Service code 26 · EIN 82-0566501

Advisory (Participants)

$115,046

CHARLES SCHWAB & CO., INC.4 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES,INC

Service code 15 · EIN 34-1479833

Recordkeeping

$45,137

AMERICAN FUNDS4 years

Filed as: ADVANCED CAPITAL GROUP INC

Service code 26 · EIN 41-1921960

Advisory (Participants)

$31,170

MURPHY POHLAD ASSET MANAGEMENT4 years

Service code 26 · EIN 41-1962811

Advisory (Participants)

$16,997

INTELLICENTS INVESTMENT SOLUTIONS I3 years

Filed as: INTELLICENTS INVESTMENT

Service code 26 · EIN 41-1812533

Advisory (Participants)

$16,860

KOVITZ INVESTMENT GROUP4 years

Filed as: KOVITZ INVESTMENT GROUP PARTNE

Service code 26 · EIN 47-5657416

Advisory (Participants)

$16,215

BANNERSTONE CAPITAL MANAGEMENT10+ years

Service code 26 · EIN 26-2360041

Advisory (Participants)

$15,407

COMPASS CAPITAL MANAGEMENT INC4 years

Service code 26 · EIN 41-1611668

Advisory (Participants)

$13,605

THE GUARDIAN INSURANCE & ANNUITY CO2 years

Filed as: GUARDIAN WEALTH ADVISORS LLC

Service code 26 · EIN 20-8832432

Advisory (Participants)

$9,710

CAHILL FINANCIAL ADVISORS INC4 years

Service code 26 · EIN 45-4112505

Advisory (Participants)

$6,338

METROPOLITAN ANESTHESIA NETWORK PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

METROPOLITAN ANESTHESIA NETWORK 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