Retirement plan

NORTHERN ORAL & MAXILLOFACIAL SURGEONS 401K PROFIT SHARING PLAN

Name: NORTHERN ORAL & MAXILLOFACIAL SURGEONS, P.A. - NORTHERN ORAL & MAXILLOFACIAL SURGEONS 401K PROFIT SHARING PLAN (2017) Form 5500
Creator: NORTHERN ORAL & MAXILLOFACIAL SURGEONS, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHERN ORAL & MAXILLOFACIAL SURGEONS 401K PROFIT SHARING PLAN, NORTHERN ORAL & MAXILLOFACIAL SURGEONS, P.A.

NORTHERN ORAL & MAXILLOFACIAL SURGEONS, P.A.EIN 41-1625241Plan #001PY 2017

3617 W ARROWHEAD RAOD - DULUTH, MN 55811218-722-8377northernoralsurgeons.comLinkedIn51-200 employeesmedical practice

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$11.3M

+2.3% from 2016

Total participants

-7.1% from 2016

Average account balance

$225,240

+14.6% from 2016

Annual return

10.70%

+2.90 pp from 2016

Benchmarks

See 17,854 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,854 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.66M

Not enough data

1 years with asset history on file

Average account balance

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

$148K

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.

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.

144.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$776K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+12.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$30417

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.7M

$44177 / participant

Other / not subdivided$2M100.0%

% of EOY assets

14.906%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$225,240

$84,236+167.4%

$170,439+32.2%

$70,124+221.2%

Participation rate

94.7%

70.8%+23.9pp

83.6%+11.1pp

69.5%+25.2pp

Annual return

10.70%

23.06%-12.4pp

205.94%-195.2pp

73.14%-62.4pp

Employer contribution / active EE

$7,450

$3,387+119.9%

$5,433+37.1%

$2,342+218.0%

Participant deferral / active EE

$5,245

$3,086+70.0%

$4,939+6.2%

$3,332+57.4%

Admin fee / account holder

$33,575

$5,698+489.2%

$13,881+141.9%

$4,645+622.7%

NORTHERN ORAL & MAXILLOFACIAL SURGEONS 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHERN ORAL & MAXILLOFACIAL SURGEONS 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