Retirement plan

DRIVE DEVILBISS HEALTHCARE 401(K) PLAN

Name: MEDICAL DEPOT, INC. - DRIVE DEVILBISS HEALTHCARE 401(K) PLAN (2019) Form 5500
Creator: MEDICAL DEPOT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DRIVE DEVILBISS HEALTHCARE 401(K) PLAN, MEDICAL DEPOT, INC.

MEDICAL DEPOT, INC.dba DRIVE MEDICAL DESIGN & MANUFACTURINGEIN 11-3525013Plan #002PY 2019

99 SEAVIEW BLVD., 2ND FLOOR - PORT WASHINGTON, NY 11050516-998-4600

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$49.9M

+30.1% from 2018

Total participants

1,285

+2.3% from 2018

Average account balance

$40,396

+26.0% from 2018

Annual return

23.38%

+28.23 pp from 2018

Benchmarks

See 822 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort822 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$77.58M

Not enough data

1 years with asset history on file

Average account balance

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

$83K

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.

931

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.

87.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.97M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+15.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$156

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
JOHN HANCOCK LIFE INSURANCE COMPANY4+ years Filed as: JOHN HANCOCK RETIREMENT PLAN SRVS Service code 15 · EIN 01-0233346	Recordkeeping	$171,667
PRIVATE ADVISOR GROUP LLC4+ years Filed as: PRIVATE ADVISOR GROUP Service code 27 65 MADISON AVE, STE 300 · MORRISTOWN, NJ 07960	Advisory (Plan)	$53,285
APPLIED PENSION SERVICES, LLC4+ years Filed as: APPLIED PENSION SERVICES Service code 11 200 MOTOR PARKWAY · HAUPPAUGE, NY 11788	Actuarial	$12,560

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$238K

$233 / participant

Investment mgmt$54K22.7%
Contract admin$172K72.1%
Other / not subdivided$13K5.3%

% of EOY assets

0.478%

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: TRACHTENBERG & PAUKER LLP
Auditor EIN: 112478841
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$40,396

$105,173-61.6%

$87,103-53.6%

$77,775-48.1%

Participation rate

95.1%

85.8%+9.3pp

76.9%+18.2pp

73.2%+21.9pp

Annual return

23.38%

24.52%-1.1pp

28.19%-4.8pp

32.58%-9.2pp

Employer contribution / active EE

$1,517

$2,890-47.5%

$2,521-39.8%

$2,504-39.4%

Participant deferral / active EE

$4,649

$5,048-7.9%

$4,049+14.8%

$3,966+17.2%

Admin fee / account holder

$193

$105+84.5%

$7,491-97.4%

$100+92.8%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY4+ years

Filed as: JOHN HANCOCK RETIREMENT PLAN SRVS

Service code 15 · EIN 01-0233346

Recordkeeping

$171,667

PRIVATE ADVISOR GROUP LLC4+ years

Filed as: PRIVATE ADVISOR GROUP

Service code 27

65 MADISON AVE, STE 300 · MORRISTOWN, NJ 07960

Advisory (Plan)

$53,285

APPLIED PENSION SERVICES, LLC4+ years

Filed as: APPLIED PENSION SERVICES

Service code 11

200 MOTOR PARKWAY · HAUPPAUGE, NY 11788

Actuarial

$12,560

DRIVE DEVILBISS HEALTHCARE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DRIVE DEVILBISS HEALTHCARE 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