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 (2020) 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 2020

P.O. BOX 12000 - SYRACUSE, NY 13218315-701-7551medanswering.comLinkedIn201-500 employeestelecommunications

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$3.3M

+38.0% from 2019

Total participants

334

+4.0% from 2019

Average account balance

$26,637

+30.3% from 2019

Annual return

20.66%

-9.17 pp from 2019

Benchmarks

See 695 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort695 peers

Snapshot2020

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$4K

$14 / participant

Investment mgmt$4K100.0%

% of EOY assets

0.123%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,637

$39,948-33.3%

$89,414-70.2%

$73,412-63.7%

Participation rate

30.8%

50.4%-19.6pp

68.0%-37.2pp

72.2%-41.4pp

Annual return

20.66%

50.12%-29.5pp

245.50%-224.8pp

59.30%-38.6pp

Employer contribution / active EE

$712

$1,200-40.7%

$2,586-72.5%

$2,234-68.1%

Participant deferral / active EE

$1,314

$2,193-40.1%

$3,890-66.2%

$3,806-65.5%

Admin fee / account holder

$33

$134-75.7%

$4,883-99.3%

$158-79.3%

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