Retirement plan

MELROSE WAKEFIELD EMERGENCY PHYSICIANS, INC. 401(K) PROFIT SHARING PLAN

Name: MELROSE WAKEFIELD EMERGENCY PHYSICIANS, - MELROSE WAKEFIELD EMERGENCY PHYSICIANS, INC. 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: MELROSE WAKEFIELD EMERGENCY PHYSICIANS,
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MELROSE WAKEFIELD EMERGENCY PHYSICIANS, INC. 401(K) PROFIT SHARING PLAN, MELROSE WAKEFIELD EMERGENCY PHYSICIANS,

MELROSE WAKEFIELD EMERGENCY PHYSICIANS,EIN 04-3470892Plan #002PY 2018

8 OAK PARK DRIVE - BEDFORD, MA 017300000781-280-1520LinkedIn11-50 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.3M

+2.1% from 2017

Total participants

0.0% from 2017

Average account balance

$107,061

+2.1% from 2017

Annual return

-4.54%

-23.39 pp from 2017

Benchmarks

See 18,166 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,166 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.84M

Not enough data

1 years with asset history on file

Average account balance

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

$299K

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.

172.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$637K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+13.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2620

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2R3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

$195K

$6720 / participant

Other / not subdivided$195K100.0%

% of EOY assets

4.551%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$107,061

$76,000+40.9%

$154,111-30.5%

$64,186+66.8%

Participation rate

100.0%

70.4%+29.6pp

83.0%+17.0pp

69.6%+30.4pp

Annual return

-4.54%

30.32%-34.9pp

735.15%-739.7pp

7.63%-12.2pp

Employer contribution / active EE

$4,747

$3,351+41.7%

$5,298-10.4%

$2,381+99.4%

Participant deferral / active EE

$11,327

$3,175+256.8%

$5,081+123.0%

$3,470+226.5%

Admin fee / account holder

$4,872

$5,596-12.9%

$13,411-63.7%

$4,888-0.3%

MELROSE WAKEFIELD EMERGENCY PHYSICIANS, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MELROSE WAKEFIELD EMERGENCY PHYSICIANS, 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