Retirement plan

MDWEST ONE, P. C. PROFIT SHARING PLAN

Name: MDWEST ONE, P.C. - MDWEST ONE, P. C. PROFIT SHARING PLAN (2023) Form 5500
Creator: MDWEST ONE, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MDWEST ONE, P. C. PROFIT SHARING PLAN, MDWEST ONE, P.C.

MDWEST ONE, P.C.EIN 47-0619405Plan #002PY 2023

8005 FARNAM DRIVE, SUITE 305 - OMAHA, NE 68114402-390-4892

Other plans on this EIN

1 filing

#004Retirement-$21.6M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$57.2M

+23.6% from 2022

Total participants

287

+20.6% from 2022

Average account balance

$224,431

+8.1% from 2022

Annual return

18.81%

+35.86 pp from 2022

Benchmarks

See 5,719 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,719 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$67.16M

Not enough data

1 years with asset history on file

Average account balance

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

$220K

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.

305

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.

94.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+14.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$456

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
NATIONWIDE6 years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$117,056
IFP ADVISORS INC DBA INDEPENDENT FI6 years Filed as: IFP ADVISORS, INC. Service code 26 DBA INDEPENDENT FINANCIAL PARTNERS · TAMPA, FL 33607	Advisory (Participants)	$37,305
NEWPORT GROUP, INC.4 years Filed as: NEWPORT GROUP BENEFITS CONSULTANTS Service code 15 · EIN 42-1451295 200 DRYDEN ROAD · DRESHER, PA 19025	Recordkeeping	$32,635
NEWPORT GROUP, INC.4 years Service code 15 · EIN 27-2037969 200 DRYDEN ROAD · DRESHER, PA 19025	Recordkeeping	$27,105
REALIZE WEALTH MANAGE GROUP1 year Service code 19 13625 CALIFORNIA ST · OMAHA, NE 681549716	Securities Custodian	$16,534
NORTHWESTERN MUTUAL INVESTMENT SERV4 years Filed as: NORTHWESTERN MUTUAL Service code 26 ATTENTION IPS COMPENSATION · MILWAUKEE, WI 53202	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2T2A3D2R

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.
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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$114K

$561 / participant

Investment mgmt$114K100.0%

% of EOY assets

0.200%

all-in expense ratio

Categories reported

1 / 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: BLACKMAN & ASSOCIATES, P.C.
Auditor EIN: 470813847
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$224,431

$61,272+266.3%

$149,673+49.9%

$71,457+214.1%

Participation rate

84.3%

62.5%+21.8pp

78.8%+5.5pp

67.9%+16.4pp

Annual return

18.81%

35.85%-17.0pp

134.42%-115.6pp

28.85%-10.0pp

Employer contribution / active EE

$9,528

$2,378+300.6%

$4,818+97.8%

$2,588+268.2%

Participant deferral / active EE

$7,402

$2,917+153.7%

$5,680+30.3%

$4,289+72.6%

Admin fee / account holder

$449

$1,261-64.4%

$13,210-96.6%

$1,587-71.7%

Provider

Service type

Compensation

NATIONWIDE6 years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$117,056

IFP ADVISORS INC DBA INDEPENDENT FI6 years

Filed as: IFP ADVISORS, INC.

Service code 26

DBA INDEPENDENT FINANCIAL PARTNERS · TAMPA, FL 33607

Advisory (Participants)

$37,305

NEWPORT GROUP, INC.4 years

Filed as: NEWPORT GROUP BENEFITS CONSULTANTS

Service code 15 · EIN 42-1451295

200 DRYDEN ROAD · DRESHER, PA 19025

Recordkeeping

$32,635

NEWPORT GROUP, INC.4 years

Service code 15 · EIN 27-2037969

200 DRYDEN ROAD · DRESHER, PA 19025

Recordkeeping

$27,105

REALIZE WEALTH MANAGE GROUP1 year

Service code 19

13625 CALIFORNIA ST · OMAHA, NE 681549716

Securities Custodian

$16,534

NORTHWESTERN MUTUAL INVESTMENT SERV4 years

Filed as: NORTHWESTERN MUTUAL

Service code 26

ATTENTION IPS COMPENSATION · MILWAUKEE, WI 53202

Advisory (Participants)

MDWEST ONE, P. C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MDWEST ONE, P. C. 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