Retirement plan

NORTHSTAR MEDICAL MANAGEMENT, INC. 401(K) PROFIT-SHARING PLAN

Name: NORTHSTAR MEDICAL MANAGEMENT, INC. - NORTHSTAR MEDICAL MANAGEMENT, INC. 401(K) PROFIT-SHARING PLAN (2021) Form 5500
Creator: NORTHSTAR MEDICAL MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHSTAR MEDICAL MANAGEMENT, INC. 401(K) PROFIT-SHARING PLAN, NORTHSTAR MEDICAL MANAGEMENT, INC.

NORTHSTAR MEDICAL MANAGEMENT, INC.EIN 81-0538539Plan #002PY 2021

700 WEST KENT - MISSOULA, MT 598016772406-541-3963LinkedIn51-200 employeesindividual & family services

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$25.5M

-1.4% from 2020

Total participants

171

+6.2% from 2020

Average account balance

$151,697

-6.6% from 2020

Annual return

11.89%

-1.94 pp from 2020

Benchmarks

See 5,351 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,351 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.05M

Not enough data

1 years with asset history on file

Average account balance

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

$119K

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.

236

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.

95.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.09M

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

+14.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$402

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
RBC WEALTH MANAGEMENT5 years Service code 26 1918 8TH AVE · SEATTLE, WA 981011214	Advisory (Participants)	$50,513
MATRIX TRUST COMPANY4 years Service code 19 2800 NORTH CENTRAL AVE · PHOENIX, AZ 85004	Securities Custodian	$20,199
MERRILL LYNCH PIERCE FENNER & SMITH7+ years Filed as: MERRILL LYNCH Service code 19 · EIN 13-5674085	Securities Custodian	$18,062
RAYMOND JAMES FINANCIAL SERVICES2 years Filed as: RAYMOND JAMES Service code 19 3023 OLD POND ROAD · MISSOULA, MT 59802	Securities Custodian	$7,617

Plan features & details

Pension benefit codes2A2E2F2G2J2R3D3H2T

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$100K

$722 / participant

Investment mgmt$96K96.7%
Other / not subdivided$3K3.3%

% of EOY assets

0.391%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: BOYLE, DEVENY & MEYER, P.C.
Auditor EIN: 810390489
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$151,697

$61,166+148.0%

$185,849-18.4%

$79,391+91.1%

Participation rate

97.8%

66.6%+31.2pp

81.7%+16.1pp

70.7%+27.1pp

Annual return

11.89%

19.45%-7.6pp

122.10%-110.2pp

116.88%-105.0pp

Employer contribution / active EE

$6,945

$2,321+199.2%

$5,169+34.4%

$2,428+186.0%

Participant deferral / active EE

$4,755

$2,789+70.5%

$5,569-14.6%

$4,046+17.5%

Admin fee / account holder

$593

$710-16.4%

$16,244-96.3%

$627-5.3%

Provider

Service type

Compensation

RBC WEALTH MANAGEMENT5 years

Service code 26

1918 8TH AVE · SEATTLE, WA 981011214

Advisory (Participants)

$50,513

MATRIX TRUST COMPANY4 years

Service code 19

2800 NORTH CENTRAL AVE · PHOENIX, AZ 85004

Securities Custodian

$20,199

MERRILL LYNCH PIERCE FENNER & SMITH7+ years

Filed as: MERRILL LYNCH

Service code 19 · EIN 13-5674085

Securities Custodian

$18,062

RAYMOND JAMES FINANCIAL SERVICES2 years

Filed as: RAYMOND JAMES

Service code 19

3023 OLD POND ROAD · MISSOULA, MT 59802

Securities Custodian

$7,617

NORTHSTAR MEDICAL MANAGEMENT, INC. 401(K) PROFIT-SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHSTAR MEDICAL MANAGEMENT, INC. 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