Retirement plan

MED-FAST PHARMACY, INC. PROFIT SHARING PLAN

Name: MED-FAST PHARMACY, INC. - MED-FAST PHARMACY, INC. PROFIT SHARING PLAN (2015) Form 5500
Creator: MED-FAST PHARMACY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MED-FAST PHARMACY, INC. PROFIT SHARING PLAN, MED-FAST PHARMACY, INC.

MED-FAST PHARMACY, INC.EIN 25-1631348Plan #001PY 2015

2003 SHEFFIELD ROAD - ALIQUIPPA, PA 15001724-375-3336medfast.comLinkedIn51-200 employeespharmaceuticals

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$7M

No prior year

Total participants

423

No prior year

Average account balance

$16,796

No prior year

Annual return

-2.20%

No prior year

Benchmarks

See 2,153 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,153 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.51M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

100

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.

72.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$216K

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

+14.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$156

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 3 by compensation

Provider	Service type	Compensation
MCKINLEY CARTER WEALTH SERVICES1+ years Service code 27 · EIN 54-2111721	Advisory (Plan)	$25,745
DUNBAR, BENDER & ZAPF, INC.1+ years Service code 15 · EIN 25-1650062	Recordkeeping	$3,400
TRANSAMERICA RETIREMENT SOLUTIONS1+ years Filed as: TRANSAMERICA LIFE INSURANCE COMPANY Service code 15 · EIN 39-0989781	Recordkeeping	$768

Plan features & details

Pension benefit codes2E2G2J2K2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$3K

$19 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.049%

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: CYPHER AND CYPHER, INC.
Auditor EIN: 251385288
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,796

$39,245-57.2%

$64,105-73.8%

$52,331-67.9%

Participation rate

95.1%

58.2%+36.9pp

68.2%+26.9pp

68.1%+27.0pp

Annual return

-2.20%

14.79%-17.0pp

791.24%-793.4pp

4.54%-6.7pp

Employer contribution / active EE

$1,202

$736+63.3%

$1,820-34.0%

$1,882-36.1%

Participant deferral / active EE

$1,345

$1,992-32.5%

$2,822-52.3%

$3,022-55.5%

Admin fee / account holder

$592-98.6%

$4,499-99.8%

$592-98.6%

Provider

Service type

Compensation

MCKINLEY CARTER WEALTH SERVICES1+ years

Service code 27 · EIN 54-2111721

Advisory (Plan)

$25,745

DUNBAR, BENDER & ZAPF, INC.1+ years

Service code 15 · EIN 25-1650062

Recordkeeping

$3,400

TRANSAMERICA RETIREMENT SOLUTIONS1+ years

Filed as: TRANSAMERICA LIFE INSURANCE COMPANY

Service code 15 · EIN 39-0989781

Recordkeeping

$768

MED-FAST PHARMACY, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MED-FAST PHARMACY, INC. 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