Retirement plan

ANESTHESIA ASSOCIATES OF KANSAS CITY, PC 401(K) PROFIT SHARING PLAN

Name: ANESTHESIA ASSOCIATES OF KANSAS CITY, P.C. - ANESTHESIA ASSOCIATES OF KANSAS CITY, PC 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: ANESTHESIA ASSOCIATES OF KANSAS CITY, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANESTHESIA ASSOCIATES OF KANSAS CITY, PC 401(K) PROFIT SHARING PLAN, ANESTHESIA ASSOCIATES OF KANSAS CITY, P.C.

ANESTHESIA ASSOCIATES OF KANSAS CITY, P.C.EIN 43-0975680Plan #001PY 2018

8717 WEST 110TH ST. STE 600, CORPORATE WOODS BUILDING 14 - OVERLAND PARK, KS 66210913-428-2900aakc.comLinkedIn201-500 employeesmedical practice

Prospect flagsHigh feesHigh assets / participantCorrective distributions

How to read this page

Total assets (EOY)

$132.3M

-1.3% from 2017

Total participants

378

-0.3% from 2017

Average account balance

$352,721

-0.6% from 2017

Annual return

-5.73%

-22.98 pp from 2017

Benchmarks

See 3,850 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,850 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$180.66M

Not enough data

1 years with asset history on file

Average account balance

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

$503K

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.

359

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.

98.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$40K

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

+13.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$870

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 7 by compensation

Provider	Service type	Compensation
CREATIVE PLANNING LLC2 years Filed as: CREATIVE PLANNING INC Service code 26 · EIN 43-1270780	Advisory (Participants)	$89,968
CHARLES SCHWAB & CO., INC.2 years Filed as: SCHWAB RET PLAN SERVICE, INC Service code 15 · EIN 34-1479833	Recordkeeping	$61,628
FINANCIAL ADVISORY SERVICE INC.2 years Filed as: FINANCIAL ADVISORY SERVICE, INC Service code 26 · EIN 48-0948682	Advisory (Participants)	$25,165
THE ETF STORE INC1 year Service code 15 · EIN 26-4480908	Recordkeeping	$9,591
WEALTH MANAGEMENT ADVISORS1 year Filed as: WEALTH MANAGEMENT ADVISORS INC Service code 26 · EIN 48-1132247	Advisory (Participants)	$7,655
CHARLES SCHWAB & CO., INC.2 years Service code 33 · EIN 94-1737782	Float revenue; Shareholder servicing ...	$7,580
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO. INC AND AFFILI Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

$202K

$632 / participant

Investment mgmt$140K69.4%
Other / not subdivided$62K30.6%

% of EOY assets

0.152%

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: MIZE HOUSER AND COMPANY P.A.
Auditor EIN: 480882363
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$352,721

$37,196+848.3%

$154,111+128.9%

$55,725+533.0%

Participation rate

99.1%

64.1%+35.0pp

83.0%+16.0pp

70.9%+28.2pp

Annual return

-5.73%

1319.68%-1325.4pp

735.18%-740.9pp

244.93%-250.7pp

Employer contribution / active EE

$25,577

$1,614+1484.6%

$5,298+382.8%

$2,078+1130.7%

Participant deferral / active EE

$10,913

$2,068+427.7%

$5,081+114.8%

$3,356+225.2%

Admin fee / account holder

$538

$102+429.4%

$13,411-96.0%

$115+366.9%

Provider

Service type

Compensation

CREATIVE PLANNING LLC2 years

Filed as: CREATIVE PLANNING INC

Service code 26 · EIN 43-1270780

Advisory (Participants)

$89,968

CHARLES SCHWAB & CO., INC.2 years

Filed as: SCHWAB RET PLAN SERVICE, INC

Service code 15 · EIN 34-1479833

Recordkeeping

$61,628

FINANCIAL ADVISORY SERVICE INC.2 years

Filed as: FINANCIAL ADVISORY SERVICE, INC

Service code 26 · EIN 48-0948682

Advisory (Participants)

$25,165

THE ETF STORE INC1 year

Service code 15 · EIN 26-4480908

Recordkeeping

$9,591

WEALTH MANAGEMENT ADVISORS1 year

Filed as: WEALTH MANAGEMENT ADVISORS INC

Service code 26 · EIN 48-1132247

Advisory (Participants)

$7,655

CHARLES SCHWAB & CO., INC.2 years

Service code 33 · EIN 94-1737782

Float revenue; Shareholder servicing ...

$7,580

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & CO. INC AND AFFILI

Service code 59

Shareholder Servicing

ANESTHESIA ASSOCIATES OF KANSAS CITY, PC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANESTHESIA ASSOCIATES OF KANSAS CITY, PC 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