Retirement plan

FAMILY HEALTH MEDICAL SERVICES 401(K) PROFIT SHARING PLAN & TRUST

Name: FAMILY HEALTH MEDICAL SERVICES - FAMILY HEALTH MEDICAL SERVICES 401(K) PROFIT SHARING PLAN & TRUST (2017) Form 5500
Creator: FAMILY HEALTH MEDICAL SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAMILY HEALTH MEDICAL SERVICES 401(K) PROFIT SHARING PLAN & TRUST, FAMILY HEALTH MEDICAL SERVICES

FAMILY HEALTH MEDICAL SERVICESEIN 20-5455871Plan #001PY 2017

95 E CHAUTAUQUA ST - MAYVILLE, NY 14757716-753-7107fhmsmed.comLinkedIn51-200 employeesmedical practice

Prospect flagsHigh cashLow employer contribution

How to read this page

Total assets (EOY)

$4.3M

+3.3% from 2016

Total participants

141

+3.7% from 2016

Average account balance

$34,669

-5.1% from 2016

Annual return

16.05%

+7.73 pp from 2016

Benchmarks

See 17,854 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,854 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.80M

Not enough data

1 years with asset history on file

Average account balance

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

$96K

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.

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.

112.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$571K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+14.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6663

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

0 years with F_SCH_H allocation on file

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Service providers

Top 1 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH, PIERCE, FENNER Service code 52	Indirect Investment Fees	$25,667

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$1K

$12 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.025%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JEFFREY L. OFFHAUS CPA LLC
Auditor EIN: 202368569
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,669

$84,236-58.8%

$170,435-79.7%

$70,126-50.6%

Participation rate

80.9%

70.8%+10.0pp

83.6%-2.7pp

69.5%+11.3pp

Annual return

16.05%

23.06%-7.0pp

205.94%-189.9pp

73.15%-57.1pp

Employer contribution / active EE

$3,387-100.0%

$5,432-100.0%

$2,343-100.0%

Participant deferral / active EE

$2,795

$3,086-9.4%

$4,939-43.4%

$3,332-16.1%

Admin fee / account holder

$5,698-99.8%

$13,881-99.9%

$4,645-99.8%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH, PIERCE, FENNER

Service code 52

Indirect Investment Fees

$25,667

FAMILY HEALTH MEDICAL SERVICES 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAMILY HEALTH MEDICAL SERVICES 401(K) PROFIT SHARING PLAN & TRUST

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