Retirement plan

UROLOGY SPECIALISTS OF THE CAROLINAS, PLLC 401(K) PLAN

Name: UROLOGY SPECIALISTS OF THE CAROLINAS, PLLC - UROLOGY SPECIALISTS OF THE CAROLINAS, PLLC 401(K) PLAN (2023) Form 5500
Creator: UROLOGY SPECIALISTS OF THE CAROLINAS, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UROLOGY SPECIALISTS OF THE CAROLINAS, PLLC 401(K) PLAN, UROLOGY SPECIALISTS OF THE CAROLINAS, PLLC

UROLOGY SPECIALISTS OF THE CAROLINAS, PLLCEIN 56-2107759Plan #001PY 2023

1518 EAST 3RD ST., SUITE 250 - CHARLOTTE, NC 28204704-337-8356LinkedIn11-50 employeeshospital & health care

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$28.2M

+11.4% from 2022

Total participants

156

-4.9% from 2022

Average account balance

$220,436

+23.6% from 2022

Annual return

18.40%

+38.72 pp from 2022

Benchmarks

See 5,719 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,719 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$29.84M

Not enough data

1 years with asset history on file

Average account balance

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

$230K

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.

130

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.

69.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.32M

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

+13.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2678

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 4 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES4 years Filed as: RAYMOND JAMES FIN. SVS. ADVISORS Service code 27 · EIN 59-2937883	Advisory (Plan)	$49,842
TRANSAMERICA RETIREMENT SOLUTIONS4 years Filed as: TRANSAMERICA FIN.LIFE INS.CO. Service code 15 · EIN 36-6071399	Recordkeeping	$17,396
TRINITY PENSION GROUP, LLC3 years Service code 15 · EIN 20-0235252	Recordkeeping	$16,665
AC CPA, PLLC2 years Filed as: AC CPA, LLC Service code 10 · EIN 87-3863558	Accounting	$16,500

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T2R3D

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$325K

$3155 / participant

Other / not subdivided$325K100.0%

% of EOY assets

1.152%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: AC CPA, PLLC
Auditor EIN: 873863558
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$220,436

$61,272+259.8%

$149,673+47.3%

$71,457+208.5%

Participation rate

72.8%

62.5%+10.3pp

78.8%-6.0pp

67.9%+4.9pp

Annual return

18.40%

35.85%-17.4pp

134.42%-116.0pp

28.85%-10.4pp

Employer contribution / active EE

$7,811

$2,378+228.4%

$4,818+62.1%

$2,588+201.9%

Participant deferral / active EE

$5,606

$2,917+92.2%

$5,680-1.3%

$4,289+30.7%

Admin fee / account holder

$2,539

$1,261+101.3%

$13,210-80.8%

$1,587+60.0%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES4 years

Filed as: RAYMOND JAMES FIN. SVS. ADVISORS

Service code 27 · EIN 59-2937883

Advisory (Plan)

$49,842

TRANSAMERICA RETIREMENT SOLUTIONS4 years

Filed as: TRANSAMERICA FIN.LIFE INS.CO.

Service code 15 · EIN 36-6071399

Recordkeeping

$17,396

TRINITY PENSION GROUP, LLC3 years

Service code 15 · EIN 20-0235252

Recordkeeping

$16,665

AC CPA, PLLC2 years

Filed as: AC CPA, LLC

Service code 10 · EIN 87-3863558

Accounting

$16,500

UROLOGY SPECIALISTS OF THE CAROLINAS, PLLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UROLOGY SPECIALISTS OF THE CAROLINAS, PLLC 401(K) 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