Retirement plan

NORTH METROPOLITAN RADIOLOGY ASSOCIATES, LLP 401K PROFIT SHARING PLAN

Name: NORTH METROPOLITAN RADIOLOGY ASSOCIATES, LLP - NORTH METROPOLITAN RADIOLOGY ASSOCIATES, LLP 401K PROFIT SHARING PLAN (2022) Form 5500
Creator: NORTH METROPOLITAN RADIOLOGY ASSOCIATES, 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 ASSOCIATES, LLP

NORTH METROPOLITAN RADIOLOGY ASSOCIATES, LLPEIN 58-1245030Plan #003PY 2022

11 MOUNT PARAN ROAD NE - ATLANTA, GA 303422209678-312-2400gmcimaging.orgLinkedIn1-10 employeesmedical practice

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$35.5M

-23.0% from 2021

Total participants

-3.4% from 2021

Average account balance

$1,315,072

-17.3% from 2021

Annual return

-14.64%

-31.56 pp from 2021

Benchmarks

See 19,701 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort19,701 peers

Snapshot2022

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

$5.5M

$210894 / participant

Other / not subdivided$5M100.0%

% of EOY assets

15.443%

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

$1,315,072

$73,863+1680.4%

$143,797+814.5%

$68,490+1820.1%

Participation rate

96.2%

66.7%+29.5pp

80.3%+15.8pp

67.9%+28.3pp

Annual return

-14.64%

0.91%-15.6pp

-0.04%-14.6pp

-7.85%-6.8pp

Employer contribution / active EE

$39,722

$3,185+1147.3%

$4,952+702.1%

$2,597+1429.7%

Participant deferral / active EE

$23,173

$3,385+584.6%

$5,638+311.0%

$4,028+475.3%

Admin fee / account holder

$203,083

$5,756+3428.2%

$14,679+1283.5%

$5,403+3658.8%

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