Retirement plan

MIDWEST GASTROINTESTINAL ASSOCIATES, P. C.

Name: MIDWEST GASTROINTESTINAL ASSOC., PC - MIDWEST GASTROINTESTINAL ASSOCIATES, P. C. (2016) Form 5500
Creator: MIDWEST GASTROINTESTINAL ASSOC., PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWEST GASTROINTESTINAL ASSOCIATES, P. C., MIDWEST GASTROINTESTINAL ASSOC., PC

MIDWEST GASTROINTESTINAL ASSOC., PCEIN 47-0772952Plan #001PY 2016

8901 INDIAN HILLS DRIVE, SUITE 200 - OMAHA, NE 68114402-504-3839midwestgi.comLinkedIn51-200 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$12.6M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$19.4M

+16.5% from 2015

Total participants

191

+7.9% from 2015

Average account balance

$102,771

+7.9% from 2015

Annual return

8.71%

+10.97 pp from 2015

Benchmarks

See 5,140 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,140 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$64.87M

Not enough data

1 years with asset history on file

Average account balance

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

$250K

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.

260

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.

87.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+12.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$558

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 3 by compensation

Provider	Service type	Compensation
BENEFIT PLANS ADMIN SERVICES, INC.2+ years Filed as: BENEFIT PLANS, INC. Service code 13 16924 FRANCES STREET, SUITE 100 · OMAHA, NE 68130	Contract Administrator	$5,000
JOHN HANCOCK LIFE INSURANCE COMPANY2+ years Service code 15 · EIN 01-0233346	Recordkeeping	$802
WELLS FARGO BANK, N.A.2+ years Filed as: WELLS FARGO WEALTH BROK INS AGY Service code 22 13625 CALIFORNIA ST., STE 100 · OMAHA, NE 68154	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2G2J3D2R3H2F

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.
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.
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

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

$89K

$523 / participant

Investment mgmt$78K87.3%
Contract admin$8020.9%
Other / not subdivided$10K11.8%

% of EOY assets

0.458%

all-in expense ratio

Categories reported

2 / 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: MASIMORE, MAGNUSON, & ASSOCIATES PC
Auditor EIN: 470804904
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$102,771

$46,732+119.9%

$156,551-34.4%

$55,167+86.3%

Participation rate

98.8%

65.8%+33.0pp

84.0%+14.8pp

69.0%+29.8pp

Annual return

8.71%

17.72%-9.0pp

32.23%-23.5pp

169.23%-160.5pp

Employer contribution / active EE

$7,771

$2,105+269.2%

$5,501+41.3%

$1,963+296.0%

Participant deferral / active EE

$4,912

$2,204+122.8%

$4,871+0.8%

$3,054+60.8%

Admin fee / account holder

$470

$418+12.4%

$13,028-96.4%

$504-6.7%

Provider

Service type

Compensation

BENEFIT PLANS ADMIN SERVICES, INC.2+ years

Filed as: BENEFIT PLANS, INC.

Service code 13

16924 FRANCES STREET, SUITE 100 · OMAHA, NE 68130

Contract Administrator

$5,000

JOHN HANCOCK LIFE INSURANCE COMPANY2+ years

Service code 15 · EIN 01-0233346

Recordkeeping

$802

WELLS FARGO BANK, N.A.2+ years

Filed as: WELLS FARGO WEALTH BROK INS AGY

Service code 22

13625 CALIFORNIA ST., STE 100 · OMAHA, NE 68154

Insurance Broker

MIDWEST GASTROINTESTINAL ASSOCIATES, P. C.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWEST GASTROINTESTINAL ASSOCIATES, P. C.

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