Retirement plan

MEDISYS VENTURE 401(K) PLAN

Name: MEDISYS VENTURE, INC. - MEDISYS VENTURE 401(K) PLAN (2024) Form 5500
Creator: MEDISYS VENTURE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDISYS VENTURE 401(K) PLAN, MEDISYS VENTURE, INC.

MEDISYS VENTURE, INC.EIN 11-3431792Plan #001PY 2024

8900 VAN WYCK EXPRESSWAY - JAMAICA, NY 11418718-206-6291

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$147.3M

+14.1% from 2023

Total participants

1,311

-2.7% from 2023

Average account balance

$123,057

+9.1% from 2023

Annual return

16.48%

-2.04 pp from 2023

Benchmarks

See 4,134 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,134 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$147.30M

Not enough data

1 years with asset history on file

Average account balance

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

$123K

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.

1,197

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.

85.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+16.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$277

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
ROYAL ALLIANCE ASSOCIATES INC5 years Filed as: ROYAL ALLIANCE ASSOC., INC. Service code 26 390 OLD COUNTRY ROAD · GARDEN CITY, NY 11530	Advisory (Participants)	$201,313
NEWPORT GROUP, INC.9 years Service code 12 · EIN 27-2037969	Claims processing; Recordkeeping and ...	$95,703
NEWPORT GROUP, INC.9 years Filed as: NEWPORT TRUST COMPANY Service code 20 · EIN 27-4411131	Trustee (bank, trust company, or simi...	$34,149

Plan features & details

Pension benefit codes2E2F2G2J3D3H

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$332K

$428 / participant

Recordkeeping$91K27.4%
Trustee / custodial$34K10.3%
Investment mgmt$201K60.7%
Contract admin$5K1.6%

% of EOY assets

0.225%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: COHNREZNICK LLP
Auditor EIN: 334144829
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$123,057

$50,820+142.1%

$155,567-20.9%

$77,671+58.4%

Participation rate

85.3%

63.1%+22.1pp

78.2%+7.1pp

70.6%+14.7pp

Annual return

16.48%

34.85%-18.4pp

64.74%-48.3pp

31.21%-14.7pp

Employer contribution / active EE

$2,719

$1,993+36.4%

$4,674-41.8%

$2,726-0.3%

Participant deferral / active EE

$6,913

$2,823+144.9%

$5,628+22.8%

$4,648+48.7%

Admin fee / account holder

$277

$436-36.5%

$15,916-98.3%

$430-35.6%

Provider

Service type

Compensation

ROYAL ALLIANCE ASSOCIATES INC5 years

Filed as: ROYAL ALLIANCE ASSOC., INC.

Service code 26

390 OLD COUNTRY ROAD · GARDEN CITY, NY 11530

Advisory (Participants)

$201,313

NEWPORT GROUP, INC.9 years

Service code 12 · EIN 27-2037969

Claims processing; Recordkeeping and ...

$95,703

NEWPORT GROUP, INC.9 years

Filed as: NEWPORT TRUST COMPANY

Service code 20 · EIN 27-4411131

Trustee (bank, trust company, or simi...

$34,149

MEDISYS VENTURE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDISYS VENTURE 401(K) 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