Retirement plan

U.K.S.M.-W.,M.P.A. TAX DEFERRED ANNUITY PLAN

Name: U.K.S.M.-W. MEDICAL PRACTICE ASSOCIATION - U.K.S.M.-W.,M.P.A. TAX DEFERRED ANNUITY PLAN (2016) Form 5500
Creator: U.K.S.M.-W. MEDICAL PRACTICE ASSOCIATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U.K.S.M.-W.,M.P.A. TAX DEFERRED ANNUITY PLAN, U.K.S.M.-W. MEDICAL PRACTICE ASSOCIATION

U.K.S.M.-W. MEDICAL PRACTICE ASSOCIATIONEIN 48-0805658Plan #002PY 2016

1010 N KANSAS ST - WICHITA, KS 672143124316-261-2620LinkedIn201-500 employeesmedical practice

Prospect flagsLow returnsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$6.9M

No prior year

Total participants

205

No prior year

Average account balance

$43,288

No prior year

Annual return

0.95%

No prior year

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

$23.62M

Not enough data

1 years with asset history on file

Average account balance

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

$104K

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.

227

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.

76.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.10M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16

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 2 by compensation

Provider	Service type	Compensation
SCHWENINGER, RICHARD A.1+ years Service code 49 7570 W 21ST ST N · WICHITA, KS 672051773	Other Services	$24,345
PRINCIPAL LIFE INSURANCE COMPANY1+ years Service code 13 · EIN 42-0127290	Contract Administrator	$2,771

Plan features & details

Pension benefit codes2F2G2L2M2T

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$3K

$15 / participant

Contract admin$3K100.0%

% of EOY assets

0.040%

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: REGIER CARR & MONROE, LLP, CPAS
Auditor EIN: 480573184
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,288

$46,732-7.4%

$156,551-72.3%

$55,167-21.5%

Participation rate

75.1%

65.8%+9.3pp

84.0%-8.9pp

69.0%+6.1pp

Annual return

0.95%

17.72%-16.8pp

32.23%-31.3pp

169.23%-168.3pp

Employer contribution / active EE

$2,590

$2,105+23.0%

$5,501-52.9%

$1,963+32.0%

Participant deferral / active EE

$3,177

$2,204+44.1%

$4,871-34.8%

$3,054+4.0%

Admin fee / account holder

$17

$418-95.9%

$13,028-99.9%

$504-96.6%

Provider

Service type

Compensation

SCHWENINGER, RICHARD A.1+ years

Service code 49

7570 W 21ST ST N · WICHITA, KS 672051773

Other Services

$24,345

PRINCIPAL LIFE INSURANCE COMPANY1+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$2,771

U.K.S.M.-W.,M.P.A. TAX DEFERRED ANNUITY PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U.K.S.M.-W.,M.P.A. TAX DEFERRED ANNUITY 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