Retirement plan

MILLENNIUM PHYSICIAN GROUP, LLC 401K PLAN & TRUST

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

MILLENNIUM PHYSICIAN GROUP, LLCEIN 26-2909414Plan #001PY 2017

19531 COCHRAN BLVD. - PORT CHARLOTTE, FL 33948941-255-3535millenniumphysician.comLinkedIn1001-5000 employeeshospital & health care

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$42.3M

+26.9% from 2016

Total participants

1,359

+9.9% from 2016

Average account balance

$49,465

+15.8% from 2016

Annual return

17.63%

+10.82 pp from 2016

Benchmarks

See 1,308 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,308 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$36.63M

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

3,305

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.

82.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$29.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

-79.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$125

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 10 of 20 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSMUTUAL LIFE INSURANCE COMPANY Service code 52 · EIN 04-1590850	Indirect Investment Fees	$139,058
PENSION ASSURANCE LLP1 year Filed as: KB PENSION SERVICES Service code 13	Contract Administrator	$30,598
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH Service code 27 · EIN 13-5674085	Advisory (Plan)	$12,188
CARR, RIGGS & INGRAM, LLC1 year Service code 10 · EIN 72-1396621	Accounting	$12,000
PENSION ASSURANCE LLP1 year Filed as: KB PENSION SERVICES INC. Service code 13 · EIN 65-0721164	Contract Administrator	$6,250
AMERICAN CENTURY1 year Service code 52 · EIN 44-6006315	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-4149404	Indirect Investment Fees	$0
BLACKROCK1 year Filed as: BACKROCK Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
BLACKROCK1 year Service code 52 · EIN 22-3483678	Indirect Investment Fees	$0
FRANKLIN TEMPLETON1 year Service code 52 · EIN 59-6865210	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$169K

$141 / participant

Contract admin$169K100.0%

% of EOY assets

0.401%

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: CARR, RIGGS & INGRAM, LLC
Auditor EIN: 721396621
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$49,465

$44,989+9.9%

$170,435-71.0%

$77,958-36.5%

Participation rate

58.2%

64.6%-6.4pp

83.6%-25.4pp

71.6%-13.4pp

Annual return

17.63%

19.61%-2.0pp

205.94%-188.3pp

20.87%-3.2pp

Employer contribution / active EE

$910

$1,466-37.9%

$5,432-83.2%

$2,310-60.6%

Participant deferral / active EE

$2,851

$2,208+29.1%

$4,939-42.3%

$3,537-19.4%

Admin fee / account holder

$198

$69+187.5%

$13,881-98.6%

$97+103.6%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSMUTUAL LIFE INSURANCE COMPANY

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$139,058

PENSION ASSURANCE LLP1 year

Filed as: KB PENSION SERVICES

Service code 13

Contract Administrator

$30,598

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH

Service code 27 · EIN 13-5674085

Advisory (Plan)

$12,188

CARR, RIGGS & INGRAM, LLC1 year

Service code 10 · EIN 72-1396621

Accounting

$12,000

PENSION ASSURANCE LLP1 year

Filed as: KB PENSION SERVICES INC.

Service code 13 · EIN 65-0721164

Contract Administrator

$6,250

AMERICAN CENTURY1 year

Service code 52 · EIN 44-6006315

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-4149404

Indirect Investment Fees

BLACKROCK1 year

Filed as: BACKROCK

Service code 52 · EIN 51-0318674

Indirect Investment Fees

BLACKROCK1 year

Service code 52 · EIN 22-3483678

Indirect Investment Fees

FRANKLIN TEMPLETON1 year

Service code 52 · EIN 59-6865210

Indirect Investment Fees

MILLENNIUM PHYSICIAN GROUP, LLC 401K PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILLENNIUM PHYSICIAN GROUP, LLC 401K 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