Retirement plan

R.I. MEDICAL IMAGING, INC. PROFIT SHARING PLAN

Name: RHODE ISLAND MEDICAL IMAGING, INC. - R.I. MEDICAL IMAGING, INC. PROFIT SHARING PLAN (2017) Form 5500
Creator: RHODE ISLAND MEDICAL IMAGING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, R.I. MEDICAL IMAGING, INC. PROFIT SHARING PLAN, RHODE ISLAND MEDICAL IMAGING, INC.

RHODE ISLAND MEDICAL IMAGING, INC.EIN 05-0318025Plan #002PY 2017

20 CATAMORE BOULEVARD - EAST PROVIDENCE, RI 02914401-432-2520rimirad.comLinkedIn501-1000 employeesmedical practice

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$96.4M

+17.5% from 2016

Total participants

552

+20.8% from 2016

Average account balance

$175,281

-4.3% from 2016

Annual return

18.31%

+10.83 pp from 2016

Benchmarks

See 3,813 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,813 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$173.65M

Not enough data

1 years with asset history on file

Average account balance

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

$232K

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.

749

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.

86.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.85M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+12.41%

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA ADVISORY SERVICES LLC Service code 16 1250 CAPITAL OF TEXAS HIGHWAY S · AUSTIN, TX 78746	Consulting	$22,500
KAHN, LITWIN, RENZA & CO., LTD3+ years Filed as: KAHN, LITWIN, RENZA & CO., LTD. Service code 14 · EIN 05-0409384	Plan Administrator	$15,250
THE ANGELL PENSION GROUP, INC.3+ years Filed as: THE ANGELL PENSION GROUP, INC Service code 14 88 BOYD AVE · EAST PROVIDENCE, RI 02914	Plan Administrator	$11,926
JP MORGAN INVESTMENT MANAGEMENT INC3+ years Filed as: NEW CENTURY INVESTMENT MANAGEMENT, Service code 27 2048 WASHINGTON STREET · HANOVER, MH 02339	Advisory (Plan)	$5,000
T ROWE PRICE RPS INC3+ years Filed as: T. ROWE PRICE Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D2S2T

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$55K

$142 / participant

Other / not subdivided$55K100.0%

% of EOY assets

0.057%

all-in expense ratio

Categories reported

0 / 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: KAHN, LITWIN, RENZA & CO., LTD.
Auditor EIN: 050409384
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$175,281

$46,173+279.6%

$170,435+2.8%

$69,631+151.7%

Participation rate

99.5%

63.9%+35.6pp

83.6%+15.9pp

70.7%+28.8pp

Annual return

18.31%

21.62%-3.3pp

205.94%-187.6pp

27571.02%-27552.7pp

Employer contribution / active EE

$9,359

$1,610+481.4%

$5,432+72.3%

$2,032+360.6%

Participant deferral / active EE

$4,119

$2,080+98.0%

$4,939-16.6%

$3,224+27.8%

Admin fee / account holder

$101

$116-13.3%

$13,881-99.3%

$110-9.0%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA ADVISORY SERVICES LLC

Service code 16

1250 CAPITAL OF TEXAS HIGHWAY S · AUSTIN, TX 78746

Consulting

$22,500

KAHN, LITWIN, RENZA & CO., LTD3+ years

Filed as: KAHN, LITWIN, RENZA & CO., LTD.

Service code 14 · EIN 05-0409384

Plan Administrator

$15,250

THE ANGELL PENSION GROUP, INC.3+ years

Filed as: THE ANGELL PENSION GROUP, INC

Service code 14

88 BOYD AVE · EAST PROVIDENCE, RI 02914

Plan Administrator

$11,926

JP MORGAN INVESTMENT MANAGEMENT INC3+ years

Filed as: NEW CENTURY INVESTMENT MANAGEMENT,

Service code 27

2048 WASHINGTON STREET · HANOVER, MH 02339

Advisory (Plan)

$5,000

T ROWE PRICE RPS INC3+ years

Filed as: T. ROWE PRICE

Service code 15

Recordkeeping

R.I. MEDICAL IMAGING, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

R.I. MEDICAL IMAGING, INC. 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