Retirement plan

MEDICAL SERVICES GROUP - DEPARTMENT OF MEDICINE PROFIT SHARING PLAN

Name: MEDICAL SERVICES GROUP - DEPARTMENT OF MEDICINE - MEDICAL SERVICES GROUP - DEPARTMENT OF MEDICINE PROFIT SHARING PLAN (2018) Form 5500
Creator: MEDICAL SERVICES GROUP - DEPARTMENT OF MEDICINE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDICAL SERVICES GROUP - DEPARTMENT OF MEDICINE PROFIT SHARING PLAN, MEDICAL SERVICES GROUP - DEPARTMENT OF MEDICINE

MEDICAL SERVICES GROUP - DEPARTMENT OF MEDICINEEIN 16-1475278Plan #002PY 2018

550 EAST GENESEE STREET, SUITE 201 - SYRACUSE, NY 13202315-464-4531

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$44M

-3.4% from 2017

Total participants

178

+6.0% from 2017

Average account balance

$248,637

-8.3% from 2017

Annual return

-4.58%

-24.00 pp from 2017

Benchmarks

See 5,259 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,259 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$94.86M

Not enough data

1 years with asset history on file

Average account balance

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

$387K

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.

245

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.

97.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+18.52%

Not enough data

1 years with return on file

Admin fee / account holder

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

$146

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 1 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP4+ years Filed as: BURKE GROUP Service code 50 · EIN 80-0688755	Direct Payment	$5,390

Plan features & details

Pension benefit codes2A2E2F2T3D2G

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.
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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$5K

$43 / participant

Contract admin$5K100.0%

% of EOY assets

0.012%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FIRLEY,MORAN,FREER & EASSA,CPA,P.C.
Auditor EIN: 161148763
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$248,637

$47,977+418.2%

$154,111+61.3%

$56,287+341.7%

Participation rate

99.2%

66.2%+33.0pp

83.0%+16.2pp

69.9%+29.3pp

Annual return

-4.58%

3.54%-8.1pp

735.18%-739.8pp

-9.96%+5.4pp

Employer contribution / active EE

$26,869

$2,169+1138.9%

$5,298+407.2%

$2,111+1172.8%

Participant deferral / active EE

$2,392-100.0%

$5,081-100.0%

$3,350-100.0%

Admin fee / account holder

$30

$438-93.1%

$13,411-99.8%

$521-94.2%

Provider

Service type

Compensation

USI CONSULTING GROUP4+ years

Filed as: BURKE GROUP

Service code 50 · EIN 80-0688755

Direct Payment

$5,390

MEDICAL SERVICES GROUP - DEPARTMENT OF MEDICINE PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDICAL SERVICES GROUP - DEPARTMENT OF MEDICINE PROFIT SHARING 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