Retirement plan

UMA RETIREMENT PLAN

Name: UNIVERSITY MEDICAL ASSOCIATES OF THE MEDICAL UNIVERSITY OF S.C. - UMA RETIREMENT PLAN (2024) Form 5500
Creator: UNIVERSITY MEDICAL ASSOCIATES OF THE MEDICAL UNIVERSITY OF S.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UMA RETIREMENT PLAN, UNIVERSITY MEDICAL ASSOCIATES OF THE MEDICAL UNIVERSITY OF S.C.

UNIVERSITY MEDICAL ASSOCIATES OF THE MEDICAL UNIVERSITY OF S.C.EIN 57-0935917Plan #001PY 2024

1 SOUTH PARK CIRCLE, SUITE SG102 - CHARLESTON, SC 29407843-852-3100LinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$157.6M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$756.3M

+17.1% from 2023

Total participants

3,758

+10.5% from 2023

Average account balance

$209,339

+5.4% from 2023

Annual return

15.76%

+3.49 pp from 2023

Benchmarks

See 1,433 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,433 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$847.55M

Not enough data

1 years with asset history on file

Average account balance

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

$206K

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.

4,118

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.

94.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$48.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+12.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$159

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 4 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.9+ years Service code 15 · EIN 91-0675641	Recordkeeping	$324,596
CAPFINANCIAL PARTNERS LLC9+ years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 19 · EIN 26-0058143	Securities Custodian	$176,765
CHARLES SCHWAB & CO., INC.5 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$55,858
CHARLES SCHWAB & CO., INC.1 year Service code 19 · EIN 94-1737782	Securities Custodian	$0

Plan features & details

Pension benefit codes2A2E2F2G3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$557K

$201 / participant

Recordkeeping$325K58.3%
Trustee / custodial$56K10.0%
Investment mgmt$177K31.7%

% of EOY assets

0.074%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$209,339

$53,254+293.1%

$155,602+34.5%

$199,874+4.7%

Participation rate

94.8%

64.1%+30.6pp

78.2%+16.6pp

72.0%+22.8pp

Annual return

15.76%

41.18%-25.4pp

64.81%-49.0pp

34.28%-18.5pp

Employer contribution / active EE

$15,267

$1,848+726.2%

$4,675+226.6%

$3,036+402.8%

Participant deferral / active EE

$3,165-100.0%

$5,629-100.0%

$5,090-100.0%

Admin fee / account holder

$154

$186-16.9%

$15,923-99.0%

$269-42.7%

Provider

Service type

Compensation

MILLIMAN, INC.9+ years

Service code 15 · EIN 91-0675641

Recordkeeping

$324,596

CAPFINANCIAL PARTNERS LLC9+ years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 19 · EIN 26-0058143

Securities Custodian

$176,765

CHARLES SCHWAB & CO., INC.5 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$55,858

CHARLES SCHWAB & CO., INC.1 year

Service code 19 · EIN 94-1737782

Securities Custodian

UMA RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UMA RETIREMENT 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