Retirement plan

NEW JERSEY UROLOGY, LLC 401(K) PROFIT SHARING PLAN

Name: NEW JERSEY UROLOGY, LLC - NEW JERSEY UROLOGY, LLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: NEW JERSEY UROLOGY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NEW JERSEY UROLOGY, LLC 401(K) PROFIT SHARING PLAN, NEW JERSEY UROLOGY, LLC

NEW JERSEY UROLOGY, LLCEIN 41-2257491Plan #003PY 2022

1515 BROAD STREET, SUITE B130 - BLOOMFIELD, NJ 07003973-873-7000nj-urology.comLinkedIn1001-5000 employeeshospital & health care

Other plans on this EIN

3 filings

#006Retirement-$64K assets #007Retirement-$51K assets #005Retirement-$45K assets

Prospect flagsLow returnsHigh feesLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$3.8M

-96.8% from 2021

Total participants

1,262

-9.3% from 2021

Average account balance

$14,997

-86.8% from 2021

Annual return

-77.31%

-91.89 pp from 2021

Benchmarks

See 1,377 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,377 peers

Snapshot2022

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$3.15M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

165

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-4.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY2 years Service code 13 · EIN 42-0127290	Contract Administrator	$144,154
AMERIPRISE FINANCIAL SERVICES INC1 year Filed as: AMERIPRISE FINANCIAL SERVICES LLC Service code 27	Advisory (Plan)	$119,937
DANZIGER & MARKHOFF LLP2 years Filed as: DANZIGER & MARKHOFF Service code 13 · EIN 13-3010201 1133 WESTCHESTER AVENUE, SUITE N208 · WEST HARRISON, NY 10604	Contract Administrator	$14,575
DANZIGER & MARKHOFF LLP1 year Service code 13	Contract Administrator	$11,466
AMERIPRISE FINANCIAL SERVICES INC2 years Filed as: AMERIRPISE FINANCIAL SERVICES, INC. Service code 27 · EIN 38-2722519	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2A2E2F2G2J3D3H

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.
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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$267K

$229 / participant

Other / not subdivided$267K100.0%

% of EOY assets

7.014%

all-in expense ratio

Categories reported

0 / 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: GRASSI AND CO., CPAS P.C.
Auditor EIN: 113266576
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,997

$45,000-66.7%

$143,757-89.6%

$77,904-80.7%

Participation rate

13.6%

66.8%-53.3pp

80.3%-66.8pp

73.7%-60.1pp

Annual return

-77.31%

29.03%-106.3pp

-0.04%-77.3pp

12.21%-89.5pp

Employer contribution / active EE

$54

$1,870-97.1%

$4,951-98.9%

$2,848-98.1%

Participant deferral / active EE

$139

$3,157-95.6%

$5,637-97.5%

$4,806-97.1%

Admin fee / account holder

$1,052

$98+968.8%

$14,673-92.8%

$133+693.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY2 years

Service code 13 · EIN 42-0127290

Contract Administrator

$144,154

AMERIPRISE FINANCIAL SERVICES INC1 year

Filed as: AMERIPRISE FINANCIAL SERVICES LLC

Service code 27

Advisory (Plan)

$119,937

DANZIGER & MARKHOFF LLP2 years

Filed as: DANZIGER & MARKHOFF

Service code 13 · EIN 13-3010201

1133 WESTCHESTER AVENUE, SUITE N208 · WEST HARRISON, NY 10604

Contract Administrator

$14,575

DANZIGER & MARKHOFF LLP1 year

Service code 13

Contract Administrator

$11,466

AMERIPRISE FINANCIAL SERVICES INC2 years

Filed as: AMERIRPISE FINANCIAL SERVICES, INC.

Service code 27 · EIN 38-2722519

Advisory (Plan)

NEW JERSEY UROLOGY, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NEW JERSEY UROLOGY, LLC 401(K) 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