Retirement plan

METROPOLITAN ANESTHESIA NETWORK PROFIT SHARING PLAN

Name: METROPOLITAN ANESTHESIA NETWORK - METROPOLITAN ANESTHESIA NETWORK PROFIT SHARING PLAN (2018) 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 2018

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

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$124.8M

-1.2% from 2017

Total participants

222

-0.4% from 2017

Average account balance

$572,514

-5.7% from 2017

Annual return

-4.79%

-19.79 pp from 2017

Benchmarks

See 5,259 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,259 peers

Snapshot2018

See peer percentile detail. $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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Analytics

Total assets (EOY)

Plan-year ending balance

$430.87M

Not enough data

1 years with asset history on file

Average account balance

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

$664K

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.

649

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.

95.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$21.48M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$45K

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

+14.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$565

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.

Start for $4.99 See plans

Service providers

Top 7 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.4+ years Service code 15 · EIN 94-1347393	Recordkeeping	$66,766
JP MORGAN INVESTMENT MANAGEMENT INC4+ years Filed as: PUNCH & ASSOC INVESTMENT MANAGEMENT Service code 33 · EIN 82-0565601	Securities brokerage; Account mainten...	$58,221
INTELLICENTS INVESTMENT SOLUTIONS I2 years Filed as: INTELLICENTS INVESTMENT SOLUTIONS Service code 27 · EIN 41-1812533	Advisory (Plan)	$17,981
THE PORTFOLIO STRATEGY GROUP4+ years Service code 33 · EIN 13-3564557	Other investment fees and expenses; A...	$15,022
SCHAFER CULLEN CAPITAL MANAGEMENT,2 years Filed as: SCHAFER CULLEN CAPITAL MGMT, INC Service code 33 · EIN 13-3089070	Other investment fees and expenses; A...	$9,760
BANNERSTONE CAPITAL MANAGEMENT4+ years Service code 33 · EIN 26-2360041	Account maintenance fees; Other inves...	$9,192
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS, LLC Service code 33 · EIN 34-1542819	Securities brokerage; Securities brok...	$2,611

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T3F3H3D

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$178K

$947 / participant

Other / not subdivided$178K100.0%

% of EOY assets

0.143%

all-in expense ratio

Categories reported

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

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$572,514

$47,977+1093.3%

$154,107+271.5%

$56,287+917.1%

Participation rate

97.9%

66.2%+31.7pp

83.0%+14.8pp

69.9%+28.0pp

Annual return

-4.79%

3.54%-8.3pp

735.12%-739.9pp

-9.96%+5.2pp

Employer contribution / active EE

$20,157

$2,169+829.4%

$5,298+280.5%

$2,111+854.8%

Participant deferral / active EE

$15,324

$2,392+540.7%

$5,081+201.6%

$3,350+357.5%

Admin fee / account holder

$816

$438+86.3%

$13,411-93.9%

$521+56.7%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.4+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$66,766

JP MORGAN INVESTMENT MANAGEMENT INC4+ years

Filed as: PUNCH & ASSOC INVESTMENT MANAGEMENT

Service code 33 · EIN 82-0565601

Securities brokerage; Account mainten...

$58,221

INTELLICENTS INVESTMENT SOLUTIONS I2 years

Filed as: INTELLICENTS INVESTMENT SOLUTIONS

Service code 27 · EIN 41-1812533

Advisory (Plan)

$17,981

THE PORTFOLIO STRATEGY GROUP4+ years

Service code 33 · EIN 13-3564557

Other investment fees and expenses; A...

$15,022

SCHAFER CULLEN CAPITAL MANAGEMENT,2 years

Filed as: SCHAFER CULLEN CAPITAL MGMT, INC

Service code 33 · EIN 13-3089070

Other investment fees and expenses; A...

$9,760

BANNERSTONE CAPITAL MANAGEMENT4+ years

Service code 33 · EIN 26-2360041

Account maintenance fees; Other inves...

$9,192

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS, LLC

Service code 33 · EIN 34-1542819

Securities brokerage; Securities brok...

$2,611

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