Retirement plan

EPIC IMAGING, P.C. 401(K) PLAN

Name: EPIC IMAGING, P.C. - EPIC IMAGING, P.C. 401(K) PLAN (2018) Form 5500
Creator: EPIC IMAGING, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EPIC IMAGING, P.C. 401(K) PLAN, EPIC IMAGING, P.C.

EPIC IMAGING, P.C.EIN 93-0584121Plan #002PY 2018

233 NE 102ND AVENUE, - PORTLAND, OR 97220503-253-1105

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$7.5M

-11.5% from 2017

Total participants

-67.3% from 2017

Average account balance

$115,017

+171.1% from 2017

Annual return

-5.77%

-19.30 pp from 2017

Benchmarks

See 105,557 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,557 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.26M

Not enough data

1 years with asset history on file

Average account balance

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

$122K

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.

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.

477.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$416K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$46K

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

+12.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17464

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

0 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
ALERUS FINANCIAL, N.A.4+ years Filed as: ALERUS RETIREMENT SOLUTIONS Service code 59 · EIN 45-6062081	Shareholder Servicing	$28,813
ALDRICH WEALTH LIMITED PARTNERSHIP2 years Filed as: ALDRICH WEALTH ADVISORS Service code 28 · EIN 93-1244319	Investment Management	$12,301
TALBOT, KORVOLA & WARWICK, LLP2 years Filed as: TALBOT, KORVOLA, WARWICK, LLP Service code 10 · EIN 93-0954337	Accounting	$6,300

Plan features & details

Pension benefit codes2E2F2G2J2K

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.

Opportunity flags

2 tripped

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

$50K

$3344 / participant

Investment mgmt$12K24.5%
Contract admin$29K57.4%
Other / not subdivided$9K18.0%

% of EOY assets

0.671%

all-in expense ratio

Categories reported

2 / 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: TALBOT, KORVOLA & WARWICK, LLP
Auditor EIN: 930954337
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$115,017

$180,459-36.3%

$154,108-25.4%

$135,380-15.0%

Participation rate

100.0%

87.4%+12.6pp

83.0%+17.0pp

82.6%+17.4pp

Annual return

-5.77%

888.21%-894.0pp

735.21%-741.0pp

519.81%-525.6pp

Employer contribution / active EE

$8,601

$6,035+42.5%

$5,298+62.4%

$4,779+80.0%

Participant deferral / active EE

$17,861

$5,806+207.6%

$5,081+251.5%

$5,609+218.4%

Admin fee / account holder

$772

$16,145-95.2%

$13,411-94.2%

$10,828-92.9%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.4+ years

Filed as: ALERUS RETIREMENT SOLUTIONS

Service code 59 · EIN 45-6062081

Shareholder Servicing

$28,813

ALDRICH WEALTH LIMITED PARTNERSHIP2 years

Filed as: ALDRICH WEALTH ADVISORS

Service code 28 · EIN 93-1244319

Investment Management

$12,301

TALBOT, KORVOLA & WARWICK, LLP2 years

Filed as: TALBOT, KORVOLA, WARWICK, LLP

Service code 10 · EIN 93-0954337

Accounting

$6,300

EPIC IMAGING, P.C. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EPIC IMAGING, P.C. 401(K) 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