Retirement plan

LSS AND PTCT 401(K) PLAN

Name: MEDICAL INFORMATION TECHNOLOGY, INC. - LSS AND PTCT 401(K) PLAN (2015) Form 5500
Creator: MEDICAL INFORMATION TECHNOLOGY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LSS AND PTCT 401(K) PLAN, MEDICAL INFORMATION TECHNOLOGY, INC.

MEDICAL INFORMATION TECHNOLOGY, INC.EIN 04-2455639Plan #004PY 2015

MEDITECH CIRCLE - WESTWOOD, MA 02090781-821-3000

Other plans on this EIN

1 filing

#001Retirement-$354.9M assets

Prospect flagsWind-down / frozen

How to read this page

Total assets (EOY)

$11.9M

-5.0% from 2016

Total participants

268

+7.6% from 2016

Average account balance

$53,734

-11.0% from 2016

Annual return

-0.89%

-8.14 pp from 2016

Benchmarks

See 3,906 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort3,906 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-100.00%

Not enough data

1 years with return on file

Admin fee / account holder

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

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
BRONFMAN E.L. ROTHSCHILD1+ years Filed as: BRONFMAN E.L. ROTHSCHILD, LP Service code 27 · EIN 39-1908691	Advisory (Plan)	$36,144
NEWPORT GROUP, INC.1+ years Filed as: NEWPORT RETIREMENT SERVICES, INC. Service code 12 · EIN 62-1868111	Participant loan processing; Recordke...	$27,044
CHARLES SCHWAB & CO., INC.1+ years Filed as: CHARLES SCHWAB BANK Service code 12 · EIN 42-1558009	Trustee (bank, trust company, or simi...	$4,169

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II

Admin total

$63K

$287 / participant

Investment mgmt$36K57.2%
Contract admin$27K42.8%

% of EOY assets

0.530%

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: SMITH, SCHAFER & ASSOCIATES, LTD.
Auditor EIN: 411489071
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,734

$54,320-1.1%

$67,652-20.6%

$52,331+2.7%

Participation rate

79.1%

73.6%+5.5pp

75.7%+3.4pp

68.1%+11.0pp

Annual return

-0.89%

6.81%-7.7pp

6625.40%-6626.3pp

4.54%-5.4pp

Employer contribution / active EE

$1,544-100.0%

$2,266-100.0%

$1,882-100.0%

Participant deferral / active EE

$2,950-100.0%

$3,560-100.0%

$3,022-100.0%

Admin fee / account holder

$285

$527-45.9%

$4,821-94.1%

$592-51.9%

Provider

Service type

Compensation

BRONFMAN E.L. ROTHSCHILD1+ years

Filed as: BRONFMAN E.L. ROTHSCHILD, LP

Service code 27 · EIN 39-1908691

Advisory (Plan)

$36,144

NEWPORT GROUP, INC.1+ years

Filed as: NEWPORT RETIREMENT SERVICES, INC.

Service code 12 · EIN 62-1868111

Participant loan processing; Recordke...

$27,044

CHARLES SCHWAB & CO., INC.1+ years

Filed as: CHARLES SCHWAB BANK

Service code 12 · EIN 42-1558009

Trustee (bank, trust company, or simi...

$4,169

LSS AND PTCT 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LSS AND PTCT 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