Retirement plan

MULTIPLAN, INC. 401(K) PLAN

Name: MULTIPLAN, INC. - MULTIPLAN, INC. 401(K) PLAN (2018) Form 5500
Creator: MULTIPLAN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MULTIPLAN, INC. 401(K) PLAN, MULTIPLAN, INC.

MULTIPLAN, INC.EIN 13-3068979Plan #001PY 2018

535 EAST DIEHL ROAD - NAPERVILLE, IL 60563212-780-2025

Prospect flagsLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$240M

-10.8% from 2016

Total participants

2,759

-0.9% from 2016

Average account balance

$88,937

-9.7% from 2016

Annual return

-4.89%

-6.45 pp from 2016

Benchmarks

See 547 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants1,000-4,999

Cohort547 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$422.57M

Not enough data

1 years with asset history on file

Average account balance

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

$132K

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.

3,192

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.

96.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$25.57M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.59%

Not enough data

1 years with return on file

Admin fee / account holder

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

$195

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY4+ years Service code 13 · EIN 42-0127290	Contract Administrator	$252,417
PRICEWATERHOUSECOOPERS LLP1 year Filed as: PWC (PRICEWATERHOUSE COOPERS) Service code 10 · EIN 13-4008324	Accounting	$48,000
THE CENTURION GROUP, LLC3 years Filed as: CENTURION GROUP, LLC Service code 28 · EIN 20-8394397	Investment Management	$45,000
WILSHIRE ASSOCIATES INCORPORATED4+ years Service code 27 · EIN 95-2755361	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3D3H

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$288K

$138 / participant

Contract admin$240K83.3%
Other / not subdivided$48K16.7%

% of EOY assets

0.120%

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: PRICEWATERHOUSECOOPERS LLP
Auditor EIN: 134008324
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,937

$82,546+7.7%

$140,019-36.5%

$75,289+18.1%

Participation rate

97.1%

88.4%+8.7pp

87.5%+9.6pp

72.4%+24.6pp

Annual return

-4.89%

-0.36%-4.5pp

651.19%-656.1pp

-0.04%-4.9pp

Employer contribution / active EE

$1,267

$3,856-67.1%

$5,605-77.4%

$2,405-47.3%

Participant deferral / active EE

$5,410

$5,731-5.6%

$6,927-21.9%

$3,739+44.7%

Admin fee / account holder

$107

$86+24.4%

$10,705-99.0%

$102+4.3%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY4+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$252,417

PRICEWATERHOUSECOOPERS LLP1 year

Filed as: PWC (PRICEWATERHOUSE COOPERS)

Service code 10 · EIN 13-4008324

Accounting

$48,000

THE CENTURION GROUP, LLC3 years

Filed as: CENTURION GROUP, LLC

Service code 28 · EIN 20-8394397

Investment Management

$45,000

WILSHIRE ASSOCIATES INCORPORATED4+ years

Service code 27 · EIN 95-2755361

Advisory (Plan)

MULTIPLAN, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MULTIPLAN, INC. 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