Retirement plan

MEDFORD LEAS 401(K) PLAN

Name: MEDFORD LEAS - MEDFORD LEAS 401(K) PLAN (2023) Form 5500
Creator: MEDFORD LEAS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDFORD LEAS 401(K) PLAN, MEDFORD LEAS

MEDFORD LEASEIN 21-0633410Plan #001PY 2023

1 MEDFORD LEAS WAY - MEDFORD, NJ 08055609-654-3000LinkedIn51-200 employeesmedical practice

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed December 3, 2020

Plan administrator

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One Medford Leas Way

Medford, NJ 08055

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Plans declared (1)

Plan name not on file1 emp

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Total assets (EOY)

$18.8M

-8.5% from 2022

Total participants

437

+9.3% from 2022

Average account balance

$42,980

-16.2% from 2022

Annual return

-5.67%

-7.89 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.24M

Not enough data

1 years with asset history on file

Average account balance

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

$50K

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.

405

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.

96.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+4.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$290

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS8+ years Service code 12 · EIN 13-3689044	Participant loan processing; Account ...	$65,608
MERCER3 years Filed as: JP MORGAN CHASE MERCER INVESTMENTS, Service code 28 · EIN 30-0282430 PO BOX 27449 · NEW YORK, NY 10087	Investment Management	$25,579
NATIONAL FINANCIAL SERVICES8+ years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2F2G2J2T3D2S

Plan features

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$91K

$334 / participant

Investment mgmt$26K28.1%
Other / not subdivided$66K71.9%

% of EOY assets

0.485%

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: BAKER TILLY US, LLP
Auditor EIN: 390859910
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,980

$47,163-8.9%

$149,696-71.3%

$74,460-42.3%

Participation rate

100.0%

63.4%+36.6pp

78.8%+21.2pp

70.7%+29.3pp

Annual return

-5.67%

22.75%-28.4pp

134.46%-140.1pp

34.38%-40.0pp

Employer contribution / active EE

$2,103

$1,907+10.3%

$4,821-56.4%

$2,638-20.3%

Participant deferral / active EE

$3,343

$2,730+22.5%

$5,682-41.2%

$4,530-26.2%

Admin fee / account holder

$209

$343-39.2%

$13,212-98.4%

$348-40.0%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS8+ years

Service code 12 · EIN 13-3689044

Participant loan processing; Account ...

$65,608

MERCER3 years

Filed as: JP MORGAN CHASE MERCER INVESTMENTS,

Service code 28 · EIN 30-0282430

PO BOX 27449 · NEW YORK, NY 10087

Investment Management

$25,579

NATIONAL FINANCIAL SERVICES8+ years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

MEDFORD LEAS 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDFORD LEAS 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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