Retirement plan

MEDISYS VENTURE 401(K) PLAN

Name: MEDISYS VENTURE, INC. - MEDISYS VENTURE 401(K) PLAN (2019) 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 2019

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$96.1M

+21.3% from 2018

Total participants

1,100

-3.7% from 2018

Average account balance

$94,285

+2.4% from 2018

Annual return

22.04%

+26.21 pp from 2018

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2019

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 ASSOCIATES, INC. Service code 27 200 GARDEN CITY PLAZA · GARDEN CITY, NY 11530	Advisory (Plan)	$167,383
NEWPORT GROUP, INC.4 years Service code 12 · EIN 27-2037969	Sub-transfer agency fees; Direct paym...	$62,979
COHNREZNICK LLP5+ years Service code 10 · EIN 22-1478099	Accounting	$19,480

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$230K

$352 / participant

Investment mgmt$148K64.2%
Contract admin$63K27.3%
Other / not subdivided$19K8.5%

% of EOY assets

0.240%

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

$94,285

$62,928+49.8%

$172,755-45.4%

$67,579+39.5%

Participation rate

87.6%

64.5%+23.2pp

82.6%+5.0pp

71.3%+16.3pp

Annual return

22.04%

30.36%-8.3pp

802.94%-780.9pp

378.56%-356.5pp

Employer contribution / active EE

$2,284

$1,636+39.6%

$5,144-55.6%

$2,148+6.3%

Participant deferral / active EE

$5,879

$2,145+174.1%

$5,198+13.1%

$3,539+66.1%

Admin fee / account holder

$226

$167+35.7%

$13,955-98.4%

$142+58.9%

Provider

Service type

Compensation

ROYAL ALLIANCE ASSOCIATES INC5+ years

Filed as: ROYAL ALLIANCE ASSOCIATES, INC.

Service code 27

200 GARDEN CITY PLAZA · GARDEN CITY, NY 11530

Advisory (Plan)

$167,383

NEWPORT GROUP, INC.4 years

Service code 12 · EIN 27-2037969

Sub-transfer agency fees; Direct paym...

$62,979

COHNREZNICK LLP5+ years

Service code 10 · EIN 22-1478099

Accounting

$19,480

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