Retirement plan

MONROE PLAN FOR MEDICAL CARE, INC. 401(K) RETIREMENT PLAN

Name: MONROE PLAN FOR MEDICAL CARE, INC. - MONROE PLAN FOR MEDICAL CARE, INC. 401(K) RETIREMENT PLAN (2021) Form 5500
Creator: MONROE PLAN FOR MEDICAL CARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MONROE PLAN FOR MEDICAL CARE, INC. 401(K) RETIREMENT PLAN, MONROE PLAN FOR MEDICAL CARE, INC.

MONROE PLAN FOR MEDICAL CARE, INC.EIN 16-0973194Plan #002PY 2021

1120 PITTSFORD VICTOR ROAD - PITTSFORD, NY 14534585-244-5550monroeplan.comLinkedIn51-200 employeesinsurance

Prospect flagsLow returnsCorrective distributions

Top hat statement on fileNQDC

Filed December 2, 2011

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

How to read this page

Total assets (EOY)

$30.6M

+2.1% from 2020

Total participants

279

+2.2% from 2020

Average account balance

$112,414

-0.2% from 2020

Annual return

12.04%

-1.02 pp from 2020

Benchmarks

See 2,179 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,179 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$25.88M

Not enough data

1 years with asset history on file

Average account balance

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

$109K

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.

237

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.

96.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.51M

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

+11.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$79

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 4 by compensation

Provider	Service type	Compensation
COMMONWEALTH FINANCIAL NETWORK3 years Service code 27 · EIN 04-2675571	Advisory (Plan)	$44,713
LIFETIME BENEFIT SOLUTIONS7+ years Filed as: LIFETIME BENEFIT SOLUTIONS, INC. Service code 13	Contract Administrator	$14,899
MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 52 · EIN 04-1590850	Indirect Investment Fees	$3,945
LIFETIME BENEFIT SOLUTIONS7+ years Service code 13 · EIN 16-1353494	Contract Administrator	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.

Opportunity flags

2 tripped

OpportunityLow returns
Annual investment return 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

$58K

$320 / participant

Investment mgmt$45K77.6%
Contract admin$4K6.8%
Other / not subdivided$9K15.6%

% of EOY assets

0.188%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: ROBINSON & GORDON
Auditor EIN: 200698398
Audit fees: (not subdivided)
Opinion code: Disclaimer

Look up a plan sponsor by EIN. Free Form 5500 search. No signup.

Metric

This plan

Peer set

Industry

Size

Avg account balance

$112,414

$121,341-7.4%

$189,513-40.7%

$79,386+41.6%

Participation rate

96.1%

86.1%+10.0pp

87.8%+8.3pp

70.7%+25.4pp

Annual return

12.04%

21.08%-9.0pp

555.15%-543.1pp

116.85%-104.8pp

Employer contribution / active EE

$3,924

$3,915+0.2%

$6,162-36.3%

$2,427+61.7%

Participant deferral / active EE

$4,079

$6,395-36.2%

$8,221-50.4%

$4,046+0.8%

Admin fee / account holder

$212

$651-67.5%

$12,045-98.2%

$626-66.2%

Provider

Service type

Compensation

COMMONWEALTH FINANCIAL NETWORK3 years

Service code 27 · EIN 04-2675571

Advisory (Plan)

$44,713

LIFETIME BENEFIT SOLUTIONS7+ years

Filed as: LIFETIME BENEFIT SOLUTIONS, INC.

Service code 13

Contract Administrator

$14,899

MASSACHUSETTS MUTUAL LIFE INS. CO.7+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$3,945

LIFETIME BENEFIT SOLUTIONS7+ years

Service code 13 · EIN 16-1353494

Contract Administrator

MONROE PLAN FOR MEDICAL CARE, INC. 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MONROE PLAN FOR MEDICAL CARE, INC. 401(K) RETIREMENT PLAN

Top hat statement on fileNQDC

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