Retirement plan

UPA 401(K) SAVINGS PLAN

Name: UNIVERSITY PHYSICIANS ASSOCIATION INC - UPA 401(K) SAVINGS PLAN (2024) Form 5500
Creator: UNIVERSITY PHYSICIANS ASSOCIATION INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UPA 401(K) SAVINGS PLAN, UNIVERSITY PHYSICIANS ASSOCIATION INC

UNIVERSITY PHYSICIANS ASSOCIATION INCEIN 62-1610351Plan #001PY 2024

9000 EXECUTIVE PARK DRIVE, BUILDING C, SUITE 200 - KNOXVILLE, TN 37923865-670-6102upasolutions.comLinkedIn501-1000 employeeshospital & health care

Prospect flagsLow returnsFailed to transmit contributions

How to read this page

Total assets (EOY)

$39.6M

+15.3% from 2023

Total participants

1,502

+8.1% from 2023

Average account balance

$27,075

+3.0% from 2023

Annual return

11.78%

-7.60 pp from 2023

Benchmarks

See 1,431 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,431 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.64M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

1,464

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.

96.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.75M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+11.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$164

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 5 by compensation

Provider	Service type	Compensation
PENSION FINANCIAL SERVICES, INC.5 years Filed as: PENSION FINANCIAL SERVICES INC Service code 13 · EIN 58-1485803 3700 CRESTWOOD PARKWAY, SUITE 550 · DULUTH, GA 300967157	Contract Administrator	$192,303
SUNTRUST BANKS, INC.3 years Filed as: TRUIST ADVISORY SERVICES Service code 27 · EIN 37-1808847 303 PEACHTREE CENTER AVE, SUITE 14 · ATLANTA, GA 30303	Advisory (Plan)	$152,060
NATIONWIDE3 years Filed as: NATIONWIDE LIFE INSURANCE COMPANY Service code 15 · EIN 13-4156830 10 W NATIONWIDE BLVD, · COLUMBUS, OH 43215	Recordkeeping	$7,424
ACTIVE GRAPHICS, IC.3 years Filed as: ACTIVE CORE - ACTIVE TO TARGET DATE Service code 27 · EIN 26-2409128 5440 W 110TH STREET · SHAWNEE MISSION, KS 66211	Advisory (Plan)	$0
BRINKER CAPITAL4 years Filed as: BRINKER CAPITAL INVESTMENTS Service code 27 · EIN 13-4109249 17605 WRIGHT STREET · OMAHA, NE 68130	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$240K

$223 / participant

Other / not subdivided$240K100.0%

% of EOY assets

0.604%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PUGH & COMPANY
Auditor EIN: 621142155
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$27,075

$53,216-49.1%

$155,534-82.6%

$199,960-86.5%

Participation rate

96.5%

64.1%+32.4pp

78.2%+18.2pp

72.0%+24.5pp

Annual return

11.78%

41.18%-29.4pp

64.92%-53.1pp

34.28%-22.5pp

Employer contribution / active EE

$2,358

$1,848+27.6%

$4,675-49.6%

$3,036-22.3%

Participant deferral / active EE

$2,987

$3,164-5.6%

$5,630-46.9%

$5,087-41.3%

Admin fee / account holder

$164

$186-11.9%

$15,900-99.0%

$269-39.2%

Provider

Service type

Compensation

PENSION FINANCIAL SERVICES, INC.5 years

Filed as: PENSION FINANCIAL SERVICES INC

Service code 13 · EIN 58-1485803

3700 CRESTWOOD PARKWAY, SUITE 550 · DULUTH, GA 300967157

Contract Administrator

$192,303

SUNTRUST BANKS, INC.3 years

Filed as: TRUIST ADVISORY SERVICES

Service code 27 · EIN 37-1808847

303 PEACHTREE CENTER AVE, SUITE 14 · ATLANTA, GA 30303

Advisory (Plan)

$152,060

NATIONWIDE3 years

Filed as: NATIONWIDE LIFE INSURANCE COMPANY

Service code 15 · EIN 13-4156830

10 W NATIONWIDE BLVD, · COLUMBUS, OH 43215

Recordkeeping

$7,424

ACTIVE GRAPHICS, IC.3 years

Filed as: ACTIVE CORE - ACTIVE TO TARGET DATE

Service code 27 · EIN 26-2409128

5440 W 110TH STREET · SHAWNEE MISSION, KS 66211

Advisory (Plan)

BRINKER CAPITAL4 years

Filed as: BRINKER CAPITAL INVESTMENTS

Service code 27 · EIN 13-4109249

17605 WRIGHT STREET · OMAHA, NE 68130

Advisory (Plan)

UPA 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UPA 401(K) SAVINGS 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