Retirement plan

LAS VEGAS UROLOGY, LLP 401(K) PROFIT SHARING PLAN

Name: LAS VEGAS UROLOGY, LLP - LAS VEGAS UROLOGY, LLP 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: LAS VEGAS UROLOGY, LLP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAS VEGAS UROLOGY, LLP 401(K) PROFIT SHARING PLAN, LAS VEGAS UROLOGY, LLP

LAS VEGAS UROLOGY, LLPEIN 88-0366609Plan #001PY 2021

7150 W. SUNSET RD SUITE 201A - LAS VEGAS, NV 89113702-233-0727lasvegasurology.comLinkedIn51-200 employeesmedical practice

Prospect flagsLow returnsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$18.2M

-9.1% from 2020

Total participants

131

+9.2% from 2020

Average account balance

$139,222

-94.5% from 2020

Annual return

11.82%

+3.51 pp from 2020

Benchmarks

See 5,353 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,353 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$21.10M

Not enough data

1 years with asset history on file

Average account balance

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

$149K

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.

142

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.

80.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.53M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+8.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$899

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 2 by compensation

Provider	Service type	Compensation
WEST CAPITAL MANAGEMENT2 years Filed as: WEST RIDGE ADVISORS, LLC Service code 28 1528 W. WARM SPRINGS RD, SUITE 120 · HENDERSON, NV 89014	Investment Management	$57,795
PROFESSIONAL CAPITAL SERVICES, LLC2 years Service code 13 · EIN 23-3038464	Contract Administrator	$9,885

Plan features & details

Pension benefit codes2A2E2G2J2K2T3D

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.
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

3 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.
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$68K

$664 / participant

Investment mgmt$58K85.3%
Contract admin$10K14.7%

% of EOY assets

0.372%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: METZ & ASSOCIATES, PLLC
Auditor EIN: 464558541
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$139,222

$61,156+127.6%

$185,823-25.1%

$79,386+75.4%

Participation rate

100.0%

66.6%+33.4pp

81.7%+18.3pp

70.7%+29.3pp

Annual return

11.82%

19.45%-7.6pp

122.05%-110.2pp

116.85%-105.0pp

Employer contribution / active EE

$6,116

$2,321+163.6%

$5,167+18.4%

$2,427+152.0%

Participant deferral / active EE

$5,789

$2,789+107.6%

$5,568+4.0%

$4,046+43.1%

Admin fee / account holder

$517

$710-27.1%

$16,237-96.8%

$626-17.4%

Provider

Service type

Compensation

WEST CAPITAL MANAGEMENT2 years

Filed as: WEST RIDGE ADVISORS, LLC

Service code 28

1528 W. WARM SPRINGS RD, SUITE 120 · HENDERSON, NV 89014

Investment Management

$57,795

PROFESSIONAL CAPITAL SERVICES, LLC2 years

Service code 13 · EIN 23-3038464

Contract Administrator

$9,885

LAS VEGAS UROLOGY, LLP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAS VEGAS UROLOGY, LLP 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