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 (2017) 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 2017

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$15M

+18.5% from 2016

Total participants

123

+7.0% from 2016

Average account balance

$155,923

+9.9% from 2016

Annual return

13.38%

+4.28 pp from 2016

Benchmarks

See 5,167 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,167 peers

Snapshot2017

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

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

$188K

$1830 / participant

Other / not subdivided$188K100.0%

% of EOY assets

1.259%

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

$155,923

$55,453+181.2%

$170,435-8.5%

$62,293+150.3%

Participation rate

73.8%

66.4%+7.4pp

83.6%-9.8pp

69.5%+4.3pp

Annual return

13.38%

21.38%-8.0pp

205.94%-192.6pp

28.90%-15.5pp

Employer contribution / active EE

$2,449

$2,164+13.2%

$5,432-54.9%

$2,042+19.9%

Participant deferral / active EE

$5,436

$2,303+136.1%

$4,939+10.1%

$3,169+71.5%

Admin fee / account holder

$1,963

$455+331.4%

$13,881-85.9%

$479+309.5%

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