Retirement plan

UTAH CANCER SPECIALISTS, P.C. 401(K) PROFIT SHARING PLAN

Name: UTAH CANCER SPECIALISTS, P.C. - UTAH CANCER SPECIALISTS, P.C. 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: UTAH CANCER SPECIALISTS, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, UTAH CANCER SPECIALISTS, P.C. 401(K) PROFIT SHARING PLAN, UTAH CANCER SPECIALISTS, P.C.

UTAH CANCER SPECIALISTS, P.C.EIN 87-0519691Plan #001PY 2017

1121 EAST 3900 SOUTH, SUITE C-230 - SALT LAKE CITY, UT 84124801-262-9494LinkedIn201-500 employeeshospital & health care

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed October 10, 2023 (most recent of 12 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

1121 EAST 3900 SOUTH, SUITE C-230

SALT LAKE CITY, UT 84124

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Plans declared (15)

Plan name not on file1 emp
Plan name not on file1 emp
Plan name not on file1 emp
Plan name not on file1 emp
Plan name not on file1 emp
+10 more

Total covered: 15 employees

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Total assets (EOY)

$25M

+15.2% from 2016

Total participants

221

+1.4% from 2016

Average account balance

$113,742

+13.6% from 2016

Annual return

17.73%

+10.52 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$53.54M

Not enough data

1 years with asset history on file

Average account balance

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

$157K

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.

341

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.

97.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.78M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+13.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$326

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 3 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO ADVISORS, PCG Service code 27 · EIN 56-0276690	Advisory (Plan)	$44,289
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393	Recordkeeping	$40,827
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISORS, LLC Service code 15 · EIN 34-1347393	Recordkeeping	$1,260

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

$86K

$494 / participant

Investment mgmt$86K100.0%

% of EOY assets

0.345%

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: EIDE BAILLY LLP
Auditor EIN: 450250958
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$113,742

$55,453+105.1%

$170,435-33.3%

$62,293+82.6%

Participation rate

99.4%

66.4%+33.1pp

83.6%+15.8pp

69.5%+29.9pp

Annual return

17.73%

21.38%-3.7pp

205.94%-188.2pp

28.90%-11.2pp

Employer contribution / active EE

$7,758

$2,164+258.6%

$5,432+42.8%

$2,042+279.9%

Participant deferral / active EE

$4,619

$2,303+100.6%

$4,939-6.5%

$3,169+45.8%

Admin fee / account holder

$393

$455-13.7%

$13,881-97.2%

$479-18.1%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO ADVISORS, PCG

Service code 27 · EIN 56-0276690

Advisory (Plan)

$44,289

WELLS FARGO BANK, N.A.3+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$40,827

WELLS FARGO BANK, N.A.3+ years

Filed as: WELLS FARGO ADVISORS, LLC

Service code 15 · EIN 34-1347393

Recordkeeping

$1,260

UTAH CANCER SPECIALISTS, P.C. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (15)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

UTAH CANCER SPECIALISTS, P.C. 401(K) PROFIT SHARING PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (15)

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