Retirement plan

MEDPLAST, LLC 401(K) PLAN

Name: MEDPLAST, LLC - MEDPLAST, LLC 401(K) PLAN (2017) Form 5500
Creator: MEDPLAST, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDPLAST, LLC 401(K) PLAN, MEDPLAST, LLC

MEDPLAST, LLCEIN 26-1468849Plan #001PY 2017

405 WEST GENEVA DR. - TEMPE, AZ 85282480-553-6436viantmedical.comLinkedIn5001-10000 employeesmedical devices

Prospect flagsLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$32.2M

+15.2% from 2016

Total participants

1,947

+54.4% from 2016

Average account balance

$17,846

-23.2% from 2016

Annual return

18.68%

+11.74 pp from 2016

Benchmarks

See 384 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort384 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$180.82M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

3,349

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.

93.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$18.58M

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

+18.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$35

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 6 by compensation

Provider	Service type	Compensation
KESTRA INVESTMENT SERVICES LLC2+ years Service code 55	Other Commissions	$62,486
TRUOG-RYDING COMPANY, INC.3+ years Filed as: TRUOG-RYDING COMPANY, INC Service code 13 2659 TOWNSGATE ROAD, STE. 101 · WESTLAKE VILLAGE, CA 91361	Contract Administrator	$18,000
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$6,894
RUSS BALZARINI1 year Filed as: RUSS KIMBERLIN, CPA PLLC Service code 10 6150 W. GILA SPRINGS PL, UNIT 24 · CHANDLER, AZ 85226	Accounting	$6,500
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$2,578
KESTRA INVESTMENT SERVICES LLC2+ years Filed as: KESTRA INVESTMENT SERVICES, LLC Service code 55 1250 CAPITAL OF TEXAS HWY. S #2-125 · AUSTIN, TX 78746	Other Commissions	$0

Plan features & details

Pension benefit codes2E2J2F2G2K2S2T3D

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.
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.
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

5 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$12K

$11 / participant

Investment mgmt$12K100.0%

% of EOY assets

0.037%

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: KIMBERLIN COMPANY, PLLC
Auditor EIN: 455497718
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,846

$90,410-80.3%

$91,004-80.4%

$77,958-77.1%

Participation rate

86.8%

86.4%+0.4pp

75.6%+11.2pp

71.6%+15.1pp

Annual return

18.68%

21.34%-2.7pp

4.60%+14.1pp

20.87%-2.2pp

Employer contribution / active EE

$673

$3,392-80.2%

$2,456-72.6%

$2,310-70.9%

Participant deferral / active EE

$1,963

$4,816-59.2%

$3,548-44.7%

$3,537-44.5%

Admin fee / account holder

$79-91.7%

$5,417-99.9%

$97-93.3%

Provider

Service type

Compensation

KESTRA INVESTMENT SERVICES LLC2+ years

Service code 55

Other Commissions

$62,486

TRUOG-RYDING COMPANY, INC.3+ years

Filed as: TRUOG-RYDING COMPANY, INC

Service code 13

2659 TOWNSGATE ROAD, STE. 101 · WESTLAKE VILLAGE, CA 91361

Contract Administrator

$18,000

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$6,894

RUSS BALZARINI1 year

Filed as: RUSS KIMBERLIN, CPA PLLC

Service code 10

6150 W. GILA SPRINGS PL, UNIT 24 · CHANDLER, AZ 85226

Accounting

$6,500

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$2,578

KESTRA INVESTMENT SERVICES LLC2+ years

Filed as: KESTRA INVESTMENT SERVICES, LLC

Service code 55

1250 CAPITAL OF TEXAS HWY. S #2-125 · AUSTIN, TX 78746

Other Commissions

MEDPLAST, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDPLAST, LLC 401(K) 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