Retirement plan

MEDICAL ASSOCIATES OF RHODE ISLAND, INC. THRIFT 401(K) PLAN AND TRUST

Name: MEDICAL ASSOCIATES OF RHODE ISLAND, INC. - MEDICAL ASSOCIATES OF RHODE ISLAND, INC. THRIFT 401(K) PLAN AND TRUST (2015) Form 5500
Creator: MEDICAL ASSOCIATES OF RHODE ISLAND, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDICAL ASSOCIATES OF RHODE ISLAND, INC. THRIFT 401(K) PLAN AND TRUST, MEDICAL ASSOCIATES OF RHODE ISLAND, INC.

MEDICAL ASSOCIATES OF RHODE ISLAND, INC.EIN 05-0340866Plan #004PY 2015

1180 HOPE STREET - BRISTOL, RI 02809401-253-8900medassociatesofri.comLinkedIn51-200 employeesmedical practice

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$11.1M

No prior year

Total participants

104

No prior year

Average account balance

$138,998

No prior year

Annual return

-3.09%

No prior year

Benchmarks

See 15,767 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort15,767 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.87M

Not enough data

1 years with asset history on file

Average account balance

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

$167K

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.

143

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.

85.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$359

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

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 codes2E2G2J2F3D

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.
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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$199K

$2239 / participant

Other / not subdivided$199K100.0%

% of EOY assets

1.792%

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

$138,998

$75,832+83.3%

$147,617-5.8%

$59,633+133.1%

Participation rate

73.0%

71.6%+1.5pp

84.6%-11.6pp

68.7%+4.4pp

Annual return

-3.09%

0.37%-3.5pp

61.98%-65.1pp

2041.45%-2044.5pp

Employer contribution / active EE

$2,074

$3,485-40.5%

$5,564-62.7%

$2,203-5.8%

Participant deferral / active EE

$5,682

$3,131+81.5%

$4,895+16.1%

$3,192+78.0%

Admin fee / account holder

$2,491

$5,986-58.4%

$11,612-78.5%

$4,297-42.0%

MEDICAL ASSOCIATES OF RHODE ISLAND, INC. THRIFT 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDICAL ASSOCIATES OF RHODE ISLAND, INC. THRIFT 401(K) PLAN AND TRUST

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