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 (2019) 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 2019

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$17.5M

+22.2% from 2018

Total participants

124

+0.8% from 2018

Average account balance

$180,242

+15.9% from 2018

Annual return

17.86%

+21.91 pp from 2018

Benchmarks

See 5,341 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,341 peers

Snapshot2019

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

Top 3 by compensation

Provider	Service type	Compensation
NEW ENGLAND PENSION CONSULTANTS2 years Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L Service code 13 · EIN 05-0515232	Contract Administrator	$37,637
SERGIO DECURTIS2 years Service code 28 · EIN 05-0515232	Investment Management	$26,109
TDAMERITRADE2 years Filed as: TDAMERITRADE TRUST Service code 19 · EIN 84-0519832	Securities Custodian	$17,406

Plan features & details

Pension benefit codes2E2G2F2J3D

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

$81K

$797 / participant

Investment mgmt$26K32.1%
Contract admin$5K5.7%
Other / not subdivided$51K62.2%

% of EOY assets

0.465%

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: MP ENNIS RETIREMENT PLAN
Auditor EIN: 824997518
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$180,242

$52,967+240.3%

$172,753+4.3%

$65,186+176.5%

Participation rate

73.5%

66.2%+7.3pp

82.6%-9.1pp

70.2%+3.3pp

Annual return

17.86%

30.12%-12.3pp

803.00%-785.1pp

29.39%-11.5pp

Employer contribution / active EE

$2,621

$2,190+19.7%

$5,144-49.0%

$2,177+20.4%

Participant deferral / active EE

$6,021

$2,471+143.7%

$5,198+15.8%

$3,514+71.3%

Admin fee / account holder

$838

$472+77.6%

$13,956-94.0%

$847-1.1%

Provider

Service type

Compensation

NEW ENGLAND PENSION CONSULTANTS2 years

Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L

Service code 13 · EIN 05-0515232

Contract Administrator

$37,637

SERGIO DECURTIS2 years

Service code 28 · EIN 05-0515232

Investment Management

$26,109

TDAMERITRADE2 years

Filed as: TDAMERITRADE TRUST

Service code 19 · EIN 84-0519832

Securities Custodian

$17,406

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