Retirement plan

RADIOLOGY CONSULTANTS OF IOWA, PLC 401K PLAN

Name: RADIOLOGY CONSULTANTS OF IOWA, PLC - RADIOLOGY CONSULTANTS OF IOWA, PLC 401K PLAN (2017) Form 5500
Creator: RADIOLOGY CONSULTANTS OF IOWA, PLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RADIOLOGY CONSULTANTS OF IOWA, PLC 401K PLAN, RADIOLOGY CONSULTANTS OF IOWA, PLC

RADIOLOGY CONSULTANTS OF IOWA, PLCEIN 42-1480598Plan #011PY 2017

1948 FIRST AVENUE NE - CEDAR RAPIDS, IA 52402319-832-1735rciowa.comLinkedIn51-200 employees

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$41.1M

+19.2% from 2016

Total participants

131

+8.3% from 2016

Average account balance

$377,007

+31.2% from 2016

Annual return

14.09%

+6.77 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

$62.93M

Not enough data

1 years with asset history on file

Average account balance

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

$520K

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.

121

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

$2.85M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

+14.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$574

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 4 by compensation

Provider	Service type	Compensation
401(K) ADVISORS INC1 year Filed as: WF ADVISORS, LLC Service code 15 · EIN 34-1542819	Recordkeeping	$38,760
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH WEALTH MANAGEMENT Service code 28 · EIN 13-5674085	Investment Management	$17,625
LPL FINANCIAL1 year Service code 26 · EIN 95-2834236	Advisory (Participants)	$9,794
FOSTER GROUP1 year Filed as: FOSTER GROUP, INC. Service code 26 · EIN 42-1361385	Advisory (Participants)	$6,630

Plan features & details

Pension benefit codes2E2G2J2K2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$80K

$670 / participant

Contract admin$80K100.0%

% of EOY assets

0.196%

all-in expense ratio

Categories reported

1 / 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: BOHR, DAHM, GREIF & ASSOCIATES, P.C
Auditor EIN: 421508032
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$377,007

$55,453+579.9%

$170,439+121.2%

$62,293+505.2%

Participation rate

81.7%

66.4%+15.3pp

83.6%-1.9pp

69.5%+12.2pp

Annual return

14.09%

21.38%-7.3pp

205.94%-191.8pp

28.90%-14.8pp

Employer contribution / active EE

$12,815

$2,164+492.3%

$5,433+135.9%

$2,042+527.5%

Participant deferral / active EE

$9,311

$2,303+304.4%

$4,939+88.5%

$3,169+193.8%

Admin fee / account holder

$737

$455+62.0%

$13,881-94.7%

$479+53.8%

Provider

Service type

Compensation

401(K) ADVISORS INC1 year

Filed as: WF ADVISORS, LLC

Service code 15 · EIN 34-1542819

Recordkeeping

$38,760

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH WEALTH MANAGEMENT

Service code 28 · EIN 13-5674085

Investment Management

$17,625

LPL FINANCIAL1 year

Service code 26 · EIN 95-2834236

Advisory (Participants)

$9,794

FOSTER GROUP1 year

Filed as: FOSTER GROUP, INC.

Service code 26 · EIN 42-1361385

Advisory (Participants)

$6,630

RADIOLOGY CONSULTANTS OF IOWA, PLC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RADIOLOGY CONSULTANTS OF IOWA, PLC 401K 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