Retirement plan

MIDWEST GASTROINTESTINAL ASSOCIATES, P. C.

Name: MIDWEST GASTROINTESTINAL ASSOC., PC - MIDWEST GASTROINTESTINAL ASSOCIATES, P. C. (2020) 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 2020

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

Other plans on this EIN

1 filing

#002Retirement-$23.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$33.8M

+19.5% from 2019

Total participants

235

+5.9% from 2019

Average account balance

$145,041

+13.9% from 2019

Annual return

13.27%

-7.73 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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
AMERICAN UNITED LIFE INSURANCE CO2 years Service code 37 · EIN 35-0145825	Loan Processing	$49,056
WELLS FARGO BANK, N.A.2 years Filed as: WELLS FARGO CLEARING SRVS Service code 16 · EIN 34-1542819	Consulting	$23,059
BENEFIT PLANS ADMIN SERVICES, INC.6+ years Filed as: BENEFIT PLANS, INC. Service code 13 16924 FRANCES STREET, SUITE 100 · OMAHA, NE 68130	Contract Administrator	$5,250

Plan features & details

Pension benefit codes2E2G2J3D2R3H2F2A

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.
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

$88K

$461 / participant

Investment mgmt$82K94.0%
Other / not subdivided$5K6.0%

% of EOY assets

0.259%

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: BLAND & ASSOCIATES P.C.
Auditor EIN: 470698853
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$145,041

$58,888+146.3%

$178,499-18.7%

$73,493+97.4%

Participation rate

98.9%

66.2%+32.7pp

81.9%+17.0pp

70.7%+28.3pp

Annual return

13.27%

24.86%-11.6pp

151.10%-137.8pp

28.51%-15.2pp

Employer contribution / active EE

$7,936

$2,236+254.9%

$5,011+58.4%

$2,270+249.6%

Participant deferral / active EE

$5,182

$2,568+101.8%

$5,202-0.4%

$3,740+38.6%

Admin fee / account holder

$376

$400-6.1%

$13,986-97.3%

$513-26.7%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO2 years

Service code 37 · EIN 35-0145825

Loan Processing

$49,056

WELLS FARGO BANK, N.A.2 years

Filed as: WELLS FARGO CLEARING SRVS

Service code 16 · EIN 34-1542819

Consulting

$23,059

BENEFIT PLANS ADMIN SERVICES, INC.6+ years

Filed as: BENEFIT PLANS, INC.

Service code 13

16924 FRANCES STREET, SUITE 100 · OMAHA, NE 68130

Contract Administrator

$5,250

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