Retirement plan

MEDISYS VENTURE 401(K) PLAN

Name: MEDISYS VENTURE, INC. - MEDISYS VENTURE 401(K) PLAN (2017) 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 2017

8900 VAN WYCK EXPY STE 4S - JAMAICA, NY 114182897718-206-6700

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$79.7M

+14.9% from 2016

Total participants

1,089

+4.4% from 2016

Average account balance

$95,670

+15.0% from 2016

Annual return

17.19%

+12.54 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

$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 4 by compensation

Provider	Service type	Compensation
ROYAL ALLIANCE ASSOCIATES INC3+ years Filed as: ROYAL ALLIANCE ASSOCIATES, INC. Service code 27 200 GARDEN CITY PLAZA · GARDEN CITY, NY 11530	Advisory (Plan)	$146,263
NEWPORT GROUP, INC.2 years Service code 12 · EIN 27-2037969	Participant loan processing; Direct p...	$98,476
NEWPORT GROUP, INC.2 years Filed as: NEWPORT TRUST COMPANY Service code 12 · EIN 27-4411131	Trustee (bank, trust company, or simi...	$24,881
COHNREZNICK LLP3+ years Service code 10 · EIN 22-1478099	Accounting	$23,750

Plan features & details

Pension benefit codes2E2G2J2F3D3H2T

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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$184K

$255 / participant

Investment mgmt$146K79.6%
Contract admin$14K7.5%
Other / not subdivided$24K12.9%

% of EOY assets

0.231%

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: COHNREZNICK LLP
Auditor EIN: 221478099
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$95,670

$46,173+107.2%

$170,435-43.9%

$69,631+37.4%

Participation rate

64.4%

63.9%+0.5pp

83.6%-19.2pp

70.7%-6.2pp

Annual return

17.19%

21.62%-4.4pp

205.94%-188.7pp

27571.02%-27553.8pp

Employer contribution / active EE

$1,610-100.0%

$5,432-100.0%

$2,032-100.0%

Participant deferral / active EE

$4,424

$2,080+112.7%

$4,939-10.4%

$3,224+37.2%

Admin fee / account holder

$221

$116+90.2%

$13,881-98.4%

$110+99.7%

Provider

Service type

Compensation

ROYAL ALLIANCE ASSOCIATES INC3+ years

Filed as: ROYAL ALLIANCE ASSOCIATES, INC.

Service code 27

200 GARDEN CITY PLAZA · GARDEN CITY, NY 11530

Advisory (Plan)

$146,263

NEWPORT GROUP, INC.2 years

Service code 12 · EIN 27-2037969

Participant loan processing; Direct p...

$98,476

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT TRUST COMPANY

Service code 12 · EIN 27-4411131

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

$24,881

COHNREZNICK LLP3+ years

Service code 10 · EIN 22-1478099

Accounting

$23,750

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