Retirement plan

UROLOGY CLINICS OF NORTH TEXAS, PLLC 401 (K) PROFIT SHARING PLAN

Name: UROLOGY CLINICS OF NORTH TEXAS, PLLC - UROLOGY CLINICS OF NORTH TEXAS, PLLC 401 (K) PROFIT SHARING PLAN (2015) Form 5500
Creator: UROLOGY CLINICS OF NORTH TEXAS, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UROLOGY CLINICS OF NORTH TEXAS, PLLC 401 (K) PROFIT SHARING PLAN, UROLOGY CLINICS OF NORTH TEXAS, PLLC

UROLOGY CLINICS OF NORTH TEXAS, PLLCEIN 75-2788839Plan #001PY 2015

8230 WALNUT HILL LANE, SUITE 700 - DALLAS, TX 75231214-691-1902urologyclinics.comLinkedIn201-500 employeeshospital & health care

Prospect flagsHigh feesHigh cashFailed to transmit contributions

How to read this page

Total assets (EOY)

$40.2M

No prior year

Total participants

271

No prior year

Average account balance

$148,424

No prior year

Annual return

-0.54%

No prior year

Benchmarks

See 4,452 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort4,452 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$71.50M

Not enough data

1 years with asset history on file

Average account balance

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

$161K

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.

444

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.

98.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.27M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+12.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$441

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
NEUBERGER BERMAN1+ years Service code 27 · EIN 13-5521910 605 THIRD AVENUE · NEW YORK, NY 101583698	Advisory (Plan)	$122,920
VOGEL FINANCIAL ADVISORS1+ years Service code 26 12400 COIT ROAD, SUITE 1000 · DALLAS, TX 75251	Advisory (Participants)	$22,403
MERRILL LYNCH PIERCE FENNER & SMITH1+ years Filed as: MERRILL LYNCH WEALTH MANAGEMENT Service code 26 ONE BRYANT PARK · NEW YORK, NY 10036	Advisory (Participants)	$9,763

Plan features & details

Pension benefit codes2A2E2F2G2H2J2R3D

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
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

$167K

$1015 / participant

Investment mgmt$167K100.0%

% of EOY assets

0.414%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MALNORY MCNEAL & COMPANY
Auditor EIN: 752510320
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$148,424

$46,360+220.2%

$147,618+0.5%

$52,331+183.6%

Participation rate

100.0%

64.9%+35.1pp

84.6%+15.4pp

68.1%+31.9pp

Annual return

-0.54%

1.62%-2.2pp

61.98%-62.5pp

4.54%-5.1pp

Employer contribution / active EE

$8,190

$2,126+285.2%

$5,565+47.2%

$1,882+335.2%

Participant deferral / active EE

$5,016

$2,258+122.2%

$4,895+2.5%

$3,022+66.0%

Admin fee / account holder

$614

$766-19.8%

$11,612-94.7%

$592+3.9%

Provider

Service type

Compensation

NEUBERGER BERMAN1+ years

Service code 27 · EIN 13-5521910

605 THIRD AVENUE · NEW YORK, NY 101583698

Advisory (Plan)

$122,920

VOGEL FINANCIAL ADVISORS1+ years

Service code 26

12400 COIT ROAD, SUITE 1000 · DALLAS, TX 75251

Advisory (Participants)

$22,403

MERRILL LYNCH PIERCE FENNER & SMITH1+ years

Filed as: MERRILL LYNCH WEALTH MANAGEMENT

Service code 26

ONE BRYANT PARK · NEW YORK, NY 10036

Advisory (Participants)

$9,763

UROLOGY CLINICS OF NORTH TEXAS, PLLC 401 (K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UROLOGY CLINICS OF NORTH TEXAS, PLLC 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