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 (2023) 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 2023

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)

$43.3M

+22.0% from 2022

Total participants

0.0% from 2022

Average account balance

$1,604,683

+22.0% from 2022

Annual return

17.74%

+32.38 pp from 2022

Benchmarks

See 20,797 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,797 peers

Snapshot2023

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

$81K

$3102 / participant

Other / not subdivided$81K100.0%

% of EOY assets

0.186%

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

$1,604,683

$77,920+1959.4%

$149,723+971.8%

$75,177+2034.5%

Participation rate

96.2%

65.6%+30.6pp

78.8%+17.4pp

67.2%+28.9pp

Annual return

17.74%

31.72%-14.0pp

134.50%-116.8pp

160.75%-143.0pp

Employer contribution / active EE

$38,163

$3,138+1116.1%

$4,821+691.6%

$2,671+1328.8%

Participant deferral / active EE

$23,365

$3,411+584.9%

$5,682+311.2%

$4,126+466.2%

Admin fee / account holder

$2,987

$5,951-49.8%

$13,215-77.4%

$5,651-47.1%

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