Retirement plan

MIDWEST ANESTHESIA ASSOCIATES, P.A. 401(K) PROFIT SHARING PLAN

Name: MIDWEST ANESTHESIA ASSOCIATES, P.A. - MIDWEST ANESTHESIA ASSOCIATES, P.A. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: MIDWEST ANESTHESIA ASSOCIATES, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWEST ANESTHESIA ASSOCIATES, P.A. 401(K) PROFIT SHARING PLAN, MIDWEST ANESTHESIA ASSOCIATES, P.A.

MIDWEST ANESTHESIA ASSOCIATES, P.A.EIN 48-0765484Plan #001PY 2022

6720 W 121ST ST., STE 103 - OVERLAND PARK, KS 66209913-647-4100LinkedIn201-500 employeesmedical practice

Prospect flagsHigh feesLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$45.1M

-28.2% from 2021

Total participants

149

+19.2% from 2021

Average account balance

$375,856

-25.2% from 2021

Annual return

-18.20%

-34.45 pp from 2021

Benchmarks

See 19,709 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,709 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$66.06M

Not enough data

1 years with asset history on file

Average account balance

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

$569K

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.

116

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

$3.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$54K

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

+18.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2139

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 7 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND7 years Filed as: PRUDENTIAL RET INS & ANNUITY Service code 15 · EIN 06-1050034	Recordkeeping	$51,659
RESOURCES INVESTMENT ADVISORS LLC3 years Filed as: RESOURCES INVESTMENT ADVISORS INC Service code 17 · EIN 43-1451524	Pension Consulting	$45,000
ASCENSUS LLC1 year Filed as: ASCENSUS, LLC Service code 13 · EIN 82-3719843	Contract Administrator	$28,897
BKD, LLP1 year Filed as: BKD LLP Service code 10 · EIN 44-0160260	Accounting	$16,905
THE BANK OF NEW YORK MELLON8+ years Filed as: U.S. BANK N.A. Service code 19 · EIN 31-0841368	Securities Custodian	$15,008
NYHART8+ years Service code 13 · EIN 35-0966414	Contract Administrator	$8,674
PRUDENTIAL RETIREMENT INSURANCE AND8+ years Filed as: THE PRUDENTIAL INS CO. OF AMERICA Service code 72	Other investment fees and expenses	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2T3D3H

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.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$261K

$3890 / participant

Investment mgmt$60K23.0%
Contract admin$184K70.5%
Other / not subdivided$17K6.5%

% of EOY assets

0.578%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$375,856

$73,839+409.0%

$143,788+161.4%

$68,495+448.7%

Participation rate

56.7%

66.7%-9.9pp

80.3%-23.6pp

67.9%-11.2pp

Annual return

-18.20%

1.01%-19.2pp

-0.03%-18.2pp

-7.84%-10.4pp

Employer contribution / active EE

$27,836

$3,184+774.2%

$4,952+462.1%

$2,596+972.1%

Participant deferral / active EE

$17,959

$3,384+430.6%

$5,638+218.5%

$4,028+345.9%

Admin fee / account holder

$2,172

$5,755-62.3%

$14,675-85.2%

$5,403-59.8%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND7 years

Filed as: PRUDENTIAL RET INS & ANNUITY

Service code 15 · EIN 06-1050034

Recordkeeping

$51,659

RESOURCES INVESTMENT ADVISORS LLC3 years

Filed as: RESOURCES INVESTMENT ADVISORS INC

Service code 17 · EIN 43-1451524

Pension Consulting

$45,000

ASCENSUS LLC1 year

Filed as: ASCENSUS, LLC

Service code 13 · EIN 82-3719843

Contract Administrator

$28,897

BKD, LLP1 year

Filed as: BKD LLP

Service code 10 · EIN 44-0160260

Accounting

$16,905

THE BANK OF NEW YORK MELLON8+ years

Filed as: U.S. BANK N.A.

Service code 19 · EIN 31-0841368

Securities Custodian

$15,008

NYHART8+ years

Service code 13 · EIN 35-0966414

Contract Administrator

$8,674

PRUDENTIAL RETIREMENT INSURANCE AND8+ years

Filed as: THE PRUDENTIAL INS CO. OF AMERICA

Service code 72

Other investment fees and expenses

MIDWEST ANESTHESIA ASSOCIATES, P.A. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWEST ANESTHESIA ASSOCIATES, P.A. 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