Retirement plan

MEDICAL ARTS RADIOLOGICAL GROUP, P.C. PROFIT SHARING PLAN

Name: MEDICAL ARTS RADIOLOGICAL GROUP, P.C. - MEDICAL ARTS RADIOLOGICAL GROUP, P.C. PROFIT SHARING PLAN (2019) Form 5500
Creator: MEDICAL ARTS RADIOLOGICAL GROUP, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDICAL ARTS RADIOLOGICAL GROUP, P.C. PROFIT SHARING PLAN, MEDICAL ARTS RADIOLOGICAL GROUP, P.C.

MEDICAL ARTS RADIOLOGICAL GROUP, P.C.EIN 11-2223066Plan #001PY 2019

570 SMITH HAVEN MALL, C/O PURE MAMMOGRAPHY - LAKE GROVE, NY 11755631-666-5620LinkedIn1-10 employeeshospital & health care

Other plans on this EIN

2 filings

#003Retirement-$1.1M assets #002Retirement-$223K assets

Prospect flagsHigh feesHigh cash

How to read this page

Total assets (EOY)

$8.6M

-20.1% from 2018

Total participants

-69.7% from 2018

Average account balance

$107,469

+169.6% from 2018

Annual return

15.90%

+22.22 pp from 2018

Benchmarks

See 104,307 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort104,307 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-3.65%

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.3 years Filed as: THE VANGUARD GROUP, INC Service code 15 · EIN 23-1945930	Recordkeeping	$24,715
LPL FINANCIAL3 years Filed as: LPL FINANCIAL RPCP Service code 26 · EIN 04-3046611	Advisory (Participants)	$16,305
APPLIED PENSION SERVICES, LLC2 years Service code 15 · EIN 20-2089130 200 MOTOR PARKWAY, SUITE A-7 · HAUPPAUGE, NY 11788	Recordkeeping	$15,110
LEHMAN NEWMAN FLYNN VOLLARO4+ years Service code 10 · EIN 13-4037143 584 BROADHOLLOW ROAD · MELVILLE, NY 11747	Accounting	$5,700

Plan features & details

Pension benefit codes2A2E2F2G2J2S2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$44K

$2329 / participant

Investment mgmt$39K87.1%
Other / not subdivided$6K12.9%

% of EOY assets

0.515%

all-in expense ratio

Categories reported

1 / 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: LEHMAN FLYNN VOLLARO CPA'S PC
Auditor EIN: 134037143
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$107,469

$202,342-46.9%

$172,752-37.8%

$152,897-29.7%

Participation rate

89.5%

87.1%+2.4pp

82.6%+6.8pp

82.5%+7.0pp

Annual return

15.90%

1029.83%-1013.9pp

802.97%-787.1pp

345.43%-329.5pp

Employer contribution / active EE

$5,858-100.0%

$5,144-100.0%

$4,764-100.0%

Participant deferral / active EE

$10,463

$5,948+75.9%

$5,198+101.3%

$5,851+78.8%

Admin fee / account holder

$553

$17,111-96.8%

$13,955-96.0%

$11,599-95.2%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.3 years

Filed as: THE VANGUARD GROUP, INC

Service code 15 · EIN 23-1945930

Recordkeeping

$24,715

LPL FINANCIAL3 years

Filed as: LPL FINANCIAL RPCP

Service code 26 · EIN 04-3046611

Advisory (Participants)

$16,305

APPLIED PENSION SERVICES, LLC2 years

Service code 15 · EIN 20-2089130

200 MOTOR PARKWAY, SUITE A-7 · HAUPPAUGE, NY 11788

Recordkeeping

$15,110

LEHMAN NEWMAN FLYNN VOLLARO4+ years

Service code 10 · EIN 13-4037143

584 BROADHOLLOW ROAD · MELVILLE, NY 11747

Accounting

$5,700

MEDICAL ARTS RADIOLOGICAL GROUP, P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDICAL ARTS RADIOLOGICAL GROUP, P.C. 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