Retirement plan

MIDDLETOWN MEDICAL, P.C. 401(K) PLAN AND TRUST

Name: MIDDLETOWN MEDICAL, P.C. - MIDDLETOWN MEDICAL, P.C. 401(K) PLAN AND TRUST (2017) Form 5500
Creator: MIDDLETOWN MEDICAL, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDDLETOWN MEDICAL, P.C. 401(K) PLAN AND TRUST, MIDDLETOWN MEDICAL, P.C.

MIDDLETOWN MEDICAL, P.C.EIN 06-1127657Plan #001PY 2017

111 MALTESE DRIVE - MIDDLETOWN, NY 109400000845-342-5199middletownmedical.comLinkedIn501-1000 employeesmedical practice

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$7.6M

+26.2% from 2016

Total participants

442

+13.3% from 2016

Average account balance

$43,781

-6.4% from 2016

Annual return

25.73%

+19.13 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

$19.42M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

589

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.

83.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.21M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$252

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 1 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY3+ years Filed as: JOHN HANCOCK LIFE INSURANCE CO. NY Service code 15 · EIN 13-3646501 REITREMENT PLAN SERVICES · BUFFALO, NY 142010600	Recordkeeping	$226

Plan features & details

Pension benefit codes2E2F2G2J3D

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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$25K

$60 / participant

Other / not subdivided$25K100.0%

% of EOY assets

0.322%

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: STEINBERG, STECKLER & PICIURRO
Auditor EIN: 470900880
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,781

$46,173-5.2%

$170,435-74.3%

$69,631-37.1%

Participation rate

34.5%

63.9%-29.4pp

83.6%-49.1pp

70.7%-36.2pp

Annual return

25.73%

21.62%+4.1pp

205.94%-180.2pp

27571.02%-27545.3pp

Employer contribution / active EE

$1,610-100.0%

$5,432-100.0%

$2,032-100.0%

Participant deferral / active EE

$2,065

$2,080-0.7%

$4,939-58.2%

$3,224-35.9%

Admin fee / account holder

$141

$116+21.6%

$13,881-99.0%

$110+27.7%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY3+ years

Filed as: JOHN HANCOCK LIFE INSURANCE CO. NY

Service code 15 · EIN 13-3646501

REITREMENT PLAN SERVICES · BUFFALO, NY 142010600

Recordkeeping

$226

MIDDLETOWN MEDICAL, P.C. 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDDLETOWN MEDICAL, P.C. 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