Retirement plan

MEDICAL ANSWERING SERVICES, LLC 401(K) PROFIT SHAR ING PLAN

Name: MEDICAL ANSWERING SERVICES, LLC - MEDICAL ANSWERING SERVICES, LLC 401(K) PROFIT SHAR ING PLAN (2024) Form 5500
Creator: MEDICAL ANSWERING SERVICES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDICAL ANSWERING SERVICES, LLC 401(K) PROFIT SHAR ING PLAN, MEDICAL ANSWERING SERVICES, LLC

MEDICAL ANSWERING SERVICES, LLCEIN 20-0721170Plan #002PY 2024

375 WEST ONONDAGA STREET - SYRACUSE, NY 13203315-399-3006medanswering.comLinkedIn201-500 employeestelecommunications

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$7.5M

+26.5% from 2023

Total participants

328

+5.8% from 2023

Average account balance

$51,541

+21.3% from 2023

Annual return

19.30%

-2.91 pp from 2023

Benchmarks

See 832 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort832 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.52M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

146

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.

40.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.15M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+19.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14

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 2 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$0
PKY ASSOCIATES2 years Filed as: PKY ASSOCIATES, INC. Service code 70 4713 CROSSROADS PARK DRIVE · LIVERPOOL, NY 13088	Consulting Fees	$0

Plan features & details

Pension benefit codes2E2F2J2T3D

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).
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.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$2K

$7 / participant

Recordkeeping$2K100.0%

% of EOY assets

0.026%

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: GROSSMAN ST. AMOUR CPAS PLLC
Auditor EIN: 460475780
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,541

$45,109+14.3%

$85,240-39.5%

$77,762-33.7%

Participation rate

40.3%

48.7%-8.3pp

67.5%-27.2pp

70.6%-30.3pp

Annual return

19.30%

79.55%-60.3pp

66.75%-47.5pp

31.27%-12.0pp

Employer contribution / active EE

$1,340

$1,602-16.3%

$2,735-51.0%

$2,728-50.9%

Participant deferral / active EE

$2,446

$2,814-13.1%

$4,527-46.0%

$4,651-47.4%

Admin fee / account holder

$14

$915-98.5%

$6,165-99.8%

$433-96.9%

Provider

Service type

Compensation

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

PKY ASSOCIATES2 years

Filed as: PKY ASSOCIATES, INC.

Service code 70

4713 CROSSROADS PARK DRIVE · LIVERPOOL, NY 13088

Consulting Fees

MEDICAL ANSWERING SERVICES, LLC 401(K) PROFIT SHAR ING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDICAL ANSWERING SERVICES, LLC 401(K) PROFIT SHAR ING 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