Retirement plan

NORTH METROPOLITAN RADIOLOGY ASSOCIATES, LLP 401K PROFIT SHARING PLAN

Name: NORTH METROPOLITAN RADIOLOGY ASSOCIATION, LLP - NORTH METROPOLITAN RADIOLOGY ASSOCIATES, LLP 401K PROFIT SHARING PLAN (2024) Form 5500
Creator: NORTH METROPOLITAN RADIOLOGY ASSOCIATION, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTH METROPOLITAN RADIOLOGY ASSOCIATES, LLP 401K PROFIT SHARING PLAN, NORTH METROPOLITAN RADIOLOGY ASSOCIATION, LLP

NORTH METROPOLITAN RADIOLOGY ASSOCIATION, LLPEIN 58-1245030Plan #003PY 2024

11 MOUNT PARAN ROAD NE - ATLANTA, GA 303422209404-514-0811gmcimaging.orgLinkedIn1-10 employeesmedical practice

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$51.8M

+19.4% from 2023

Total participants

+17.9% from 2023

Average account balance

$1,617,212

+0.8% from 2023

Annual return

16.58%

-1.16 pp from 2023

Benchmarks

See 21,729 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,729 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$51.75M

Not enough data

1 years with asset history on file

Average account balance

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

$1.6M

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.

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.

106.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.78M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$59K

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

+16.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17035

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J2R2T3B3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$545K

$18170 / participant

Other / not subdivided$545K100.0%

% of EOY assets

1.053%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$1,617,212

$81,276+1889.8%

$155,574+939.5%

$80,925+1898.4%

Participation rate

96.7%

66.2%+30.4pp

78.2%+18.5pp

67.7%+29.0pp

Annual return

16.58%

33.36%-16.8pp

64.87%-48.3pp

35.65%-19.1pp

Employer contribution / active EE

$35,200

$3,103+1034.4%

$4,676+652.8%

$2,756+1177.1%

Participant deferral / active EE

$24,267

$3,453+602.8%

$5,629+331.1%

$4,299+464.5%

Admin fee / account holder

$17,035

$7,993+113.1%

$15,914+7.0%

$6,940+145.5%

NORTH METROPOLITAN RADIOLOGY ASSOCIATES, LLP 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTH METROPOLITAN RADIOLOGY ASSOCIATES, LLP 401K 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