Retirement plan

UROLOGY ASSOCIATES OF MOBILE, P.A. 401(K) PROFIT SHARING PLAN

Name: UROLOGY ASSOCIATES OF MOBILE, P.A. - UROLOGY ASSOCIATES OF MOBILE, P.A. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: UROLOGY ASSOCIATES OF MOBILE, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UROLOGY ASSOCIATES OF MOBILE, P.A. 401(K) PROFIT SHARING PLAN, UROLOGY ASSOCIATES OF MOBILE, P.A.

UROLOGY ASSOCIATES OF MOBILE, P.A.EIN 63-0576885Plan #002PY 2024

168 MOBILE INFIRMARY BLVD. - MOBILE, AL 36607251-433-2360LinkedIn11-50 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$25.3M

+22.8% from 2023

Total participants

232

+26.8% from 2023

Average account balance

$133,865

-7.1% from 2023

Annual return

14.94%

-30.39 pp from 2023

Benchmarks

See 6,007 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,007 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.30M

Not enough data

1 years with asset history on file

Average account balance

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

$134K

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.

189

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.

78.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.13M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+14.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$360

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 3 by compensation

Provider	Service type	Compensation
MITCHELL & TITUS, LLP1 year Filed as: MITCHELL, MCLEOD, PUGH & WILLIAM Service code 27 2610 DAUPHIN STREET · MOBILE, AL 36606	Advisory (Plan)	$40,750
NEWPORT GROUP, INC.1 year Filed as: NEWPORT GROUP INC Service code 12 · EIN 27-2067969	Recordkeeping and information managem...	$18,235
NEWPORT GROUP, INC.1 year Filed as: NEWPORT TRUST COMPANY Service code 10 · EIN 27-4411131	Accounting	$9,047

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

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.
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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$68K

$338 / participant

Recordkeeping$4K6.5%
Trustee / custodial$9K13.3%
Investment mgmt$41K59.9%
Contract admin$14K20.3%

% of EOY assets

0.269%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WILKINS MILLER LLC
Auditor EIN: 270355040
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$133,865

$55,446+141.4%

$155,574-14.0%

$74,429+79.9%

Participation rate

78.6%

61.9%+16.7pp

78.2%+0.4pp

67.2%+11.4pp

Annual return

14.94%

269.20%-254.3pp

64.87%-49.9pp

1368.38%-1353.4pp

Employer contribution / active EE

$5,941

$2,266+162.2%

$4,676+27.1%

$2,625+126.3%

Participant deferral / active EE

$4,680

$2,836+65.0%

$5,629-16.9%

$4,348+7.6%

Admin fee / account holder

$360

$1,743-79.3%

$15,914-97.7%

$1,944-81.5%

Provider

Service type

Compensation

MITCHELL & TITUS, LLP1 year

Filed as: MITCHELL, MCLEOD, PUGH & WILLIAM

Service code 27

2610 DAUPHIN STREET · MOBILE, AL 36606

Advisory (Plan)

$40,750

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT GROUP INC

Service code 12 · EIN 27-2067969

Recordkeeping and information managem...

$18,235

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT TRUST COMPANY

Service code 10 · EIN 27-4411131

Accounting

$9,047

UROLOGY ASSOCIATES OF MOBILE, P.A. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UROLOGY ASSOCIATES OF MOBILE, P.A. 401(K) 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