Retirement plan

UNIVERSITY OF MARYLAND SURGICAL ASSOCIATES, P.A. PENSION PLAN

Name: UNIVERSITY OF MARYLAND SURGICAL ASSOCIATES, P.A. - UNIVERSITY OF MARYLAND SURGICAL ASSOCIATES, P.A. PENSION PLAN (2022) Form 5500
Creator: UNIVERSITY OF MARYLAND SURGICAL ASSOCIATES, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UNIVERSITY OF MARYLAND SURGICAL ASSOCIATES, P.A. PENSION PLAN, UNIVERSITY OF MARYLAND SURGICAL ASSOCIATES, P.A.

UNIVERSITY OF MARYLAND SURGICAL ASSOCIATES, P.A.EIN 52-1557551Plan #001PY 2022

29 S. GREENE ST. STE. 502 - BALTIMORE, MD 21201667-214-1721LinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesLow participant contribution

How to read this page

Total assets (EOY)

$20M

-17.1% from 2021

Total participants

169

-13.8% from 2021

Average account balance

$127,991

-2.8% from 2021

Annual return

-16.45%

-42.86 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

$26.74M

Not enough data

1 years with asset history on file

Average account balance

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

$145K

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.

184

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

$669K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+10.12%

Not enough data

1 years with return on file

Admin fee / account holder

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

$631

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 2 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC7+ years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609	Advisory (Plan)	$71,756
GREAT-WEST LIFE & ANNUITY INSURANCE5 years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$37,071

Plan features & details

Pension benefit codes2C2F2G3D3F

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.

Opportunity flags

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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

$109K

$1471 / participant

Contract admin$109K100.0%

% of EOY assets

0.545%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MCLEAN,KOEHLER, SPARKS AND HAMMMOND
Auditor EIN: 520547337
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$127,991

$73,839+73.3%

$143,788-11.0%

$68,495+86.9%

Participation rate

82.4%

66.7%+15.8pp

80.3%+2.1pp

67.9%+14.5pp

Annual return

-16.45%

1.01%-17.5pp

-0.03%-16.4pp

-7.84%-8.6pp

Employer contribution / active EE

$8,873

$3,184+178.7%

$4,952+79.2%

$2,596+241.7%

Participant deferral / active EE

$3,384-100.0%

$5,638-100.0%

$4,028-100.0%

Admin fee / account holder

$698

$5,755-87.9%

$14,675-95.2%

$5,403-87.1%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC7+ years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27

4208 SIX FORKS RD STE 1700 · RALEIGH, NC 27609

Advisory (Plan)

$71,756

GREAT-WEST LIFE & ANNUITY INSURANCE5 years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$37,071

UNIVERSITY OF MARYLAND SURGICAL ASSOCIATES, P.A. PENSION PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UNIVERSITY OF MARYLAND SURGICAL ASSOCIATES, P.A. PENSION 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