Retirement plan

METROPOLITAN ANESTHESIA NETWORK PROFIT SHARING PLAN

Name: METROPOLITAN ANESTHESIA NETWORK - METROPOLITAN ANESTHESIA NETWORK PROFIT SHARING PLAN (2017) Form 5500
Creator: METROPOLITAN ANESTHESIA NETWORK
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, METROPOLITAN ANESTHESIA NETWORK PROFIT SHARING PLAN, METROPOLITAN ANESTHESIA NETWORK

METROPOLITAN ANESTHESIA NETWORKEIN 41-1524692Plan #001PY 2017

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

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$126.3M

-7.8% from 2016

Total participants

223

-27.8% from 2016

Average account balance

$607,310

+19.3% from 2016

Annual return

15.00%

-6.65 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

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 6 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393	Recordkeeping	$94,850
JP MORGAN INVESTMENT MANAGEMENT INC3+ years Filed as: PUNCH & ASSOC INVESTMENT MANAGEMENT Service code 33 · EIN 82-0565601	Account maintenance fees; Direct paym...	$52,264
SCHAFER CULLEN CAPITAL MANAGEMENT,1 year Filed as: SCHAFER CULLEN CAPITAL MGMT, INC Service code 33 · EIN 13-3089070	Other investment fees and expenses; S...	$14,816
THE PORTFOLIO STRATEGY GROUP3+ years Service code 33 · EIN 13-3564557	Securities brokerage commissions and ...	$13,971
BANNERSTONE CAPITAL MANAGEMENT3+ years Service code 33 · EIN 26-2360041	Securities brokerage commissions and ...	$7,518
INTELLICENTS INVESTMENT SOLUTIONS I1 year Filed as: INTELLICENTS INVESTMENT SOLUTIONS Service code 33 · EIN 41-1812533	Securities brokerage commissions and ...	$5,258

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3F3H

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.
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

$189K

$987 / participant

Other / not subdivided$189K100.0%

% of EOY assets

0.150%

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: SCHLENNER, WENNER & CO.
Auditor EIN: 411656121
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$607,310

$55,453+995.2%

$170,435+256.3%

$62,293+874.9%

Participation rate

92.2%

66.4%+25.8pp

83.6%+8.6pp

69.5%+22.7pp

Annual return

15.00%

21.38%-6.4pp

205.94%-190.9pp

28.90%-13.9pp

Employer contribution / active EE

$18,504

$2,164+755.2%

$5,432+240.6%

$2,042+806.1%

Participant deferral / active EE

$13,901

$2,303+503.7%

$4,939+181.4%

$3,169+338.6%

Admin fee / account holder

$911

$455+100.1%

$13,881-93.4%

$479+90.0%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.3+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$94,850

JP MORGAN INVESTMENT MANAGEMENT INC3+ years

Filed as: PUNCH & ASSOC INVESTMENT MANAGEMENT

Service code 33 · EIN 82-0565601

Account maintenance fees; Direct paym...

$52,264

SCHAFER CULLEN CAPITAL MANAGEMENT,1 year

Filed as: SCHAFER CULLEN CAPITAL MGMT, INC

Service code 33 · EIN 13-3089070

Other investment fees and expenses; S...

$14,816

THE PORTFOLIO STRATEGY GROUP3+ years

Service code 33 · EIN 13-3564557

Securities brokerage commissions and ...

$13,971

BANNERSTONE CAPITAL MANAGEMENT3+ years

Service code 33 · EIN 26-2360041

Securities brokerage commissions and ...

$7,518

INTELLICENTS INVESTMENT SOLUTIONS I1 year

Filed as: INTELLICENTS INVESTMENT SOLUTIONS

Service code 33 · EIN 41-1812533

Securities brokerage commissions and ...

$5,258

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