Retirement plan

U.M. FDSP ASSOCIATES, P.A. 401(K) PROFIT SHARING PLAN

Name: U.M. FDSP ASSOCIATES, P.A. - U.M. FDSP ASSOCIATES, P.A. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: U.M. FDSP ASSOCIATES, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, U.M. FDSP ASSOCIATES, P.A. 401(K) PROFIT SHARING PLAN, U.M. FDSP ASSOCIATES, P.A.

U.M. FDSP ASSOCIATES, P.A.EIN 52-1456103Plan #001PY 2023

650 W BALTIMORE ST STE 5201 - BALTIMORE, MD 212011510410-706-0522LinkedIn201-500 employeesmedical practice

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$9.4M

+11.7% from 2022

Total participants

241

+6.2% from 2022

Average account balance

$41,822

+6.7% from 2022

Annual return

10.86%

+26.29 pp from 2022

Benchmarks

See 5,708 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,708 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.97M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

168

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.

66.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$573K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+9.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$27

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 10 of 11 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC5 years Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$3,110
AMERICAN CENTURY5 years Filed as: AMERICAN CENTURY INVESTMENT MANAGEM Service code 28 · EIN 20-0623152	Investment Management	$0
COLUMBIA5 years Filed as: COLUMBIA FUNDS Service code 28 · EIN 93-0577450	Investment Management	$0
DAVIS8+ years Filed as: DAVIS FUNDS Service code 28 · EIN 13-2601967	Investment Management	$0
DODGE & COX5 years Service code 28 · EIN 94-1441976	Investment Management	$0
INVESCO4 years Service code 28 · EIN 26-4521338	Investment Management	$0
PIMCO FUNDS5 years Service code 28 · EIN 33-0629048	Investment Management	$0
T ROWE PRICE RPS INC8+ years Filed as: T ROWE PRICE RPS, INC Service code 15	Recordkeeping	$0
THORNBURG5 years Filed as: THORNBURG FUNDS Service code 28 · EIN 85-0301299	Investment Management	$0
VICTORY3 years Filed as: VICTORY FUNDS Service code 28 · EIN 13-2700161	Investment Management	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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.
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

2 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).

Expense breakdown

Schedule H Part II

Admin total

$3K

$22 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.033%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WEYRICH CRONIN & SORRA LLC
Auditor EIN: 814643077
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$41,822

$61,356-31.8%

$149,696-72.1%

$71,511-41.5%

Participation rate

88.5%

62.5%+26.0pp

78.8%+9.7pp

67.9%+20.6pp

Annual return

10.86%

35.86%-25.0pp

134.46%-123.6pp

28.86%-18.0pp

Employer contribution / active EE

$1,608

$2,382-32.5%

$4,821-66.7%

$2,589-37.9%

Participant deferral / active EE

$2,822

$2,920-3.3%

$5,682-50.3%

$4,291-34.2%

Admin fee / account holder

$14

$1,263-98.9%

$13,212-99.9%

$1,588-99.1%

Provider

Service type

Compensation

T ROWE PRICE RPS INC5 years

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$3,110

AMERICAN CENTURY5 years

Filed as: AMERICAN CENTURY INVESTMENT MANAGEM

Service code 28 · EIN 20-0623152

Investment Management

COLUMBIA5 years

Filed as: COLUMBIA FUNDS

Service code 28 · EIN 93-0577450

Investment Management

DAVIS8+ years

Filed as: DAVIS FUNDS

Service code 28 · EIN 13-2601967

Investment Management

DODGE & COX5 years

Service code 28 · EIN 94-1441976

Investment Management

INVESCO4 years

Service code 28 · EIN 26-4521338

Investment Management

PIMCO FUNDS5 years

Service code 28 · EIN 33-0629048

Investment Management

T ROWE PRICE RPS INC8+ years

Filed as: T ROWE PRICE RPS, INC

Service code 15

Recordkeeping

THORNBURG5 years

Filed as: THORNBURG FUNDS

Service code 28 · EIN 85-0301299

Investment Management

VICTORY3 years

Filed as: VICTORY FUNDS

Service code 28 · EIN 13-2700161

Investment Management

U.M. FDSP ASSOCIATES, P.A. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

U.M. FDSP 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