Retirement plan

MILLENNIUM PHYSICIAN GROUP, LLC 401K PLAN & TRUST

Name: MILLENNIUM PHYSICIAN GROUP, LLC - MILLENNIUM PHYSICIAN GROUP, LLC 401K PLAN & TRUST (2018) 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 2018

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

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$54.1M

+27.9% from 2017

Total participants

1,579

+16.2% from 2017

Average account balance

$53,281

+7.7% from 2017

Annual return

24.39%

+6.76 pp from 2017

Benchmarks

See 1,316 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,316 peers

Snapshot2018

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 19 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years Filed as: MASSMUTUAL LIFE INSURANCE COMPANY Service code 49 · EIN 04-1590850	Other Services	$158,673
MERRILL LYNCH PIERCE FENNER & SMITH2 years Filed as: MERRILL LYNCH Service code 27 · EIN 13-5674085	Advisory (Plan)	$39,000
PENSION ASSURANCE LLP1 year Filed as: KB PENSION SERVICES, INC Service code 13	Contract Administrator	$34,699
CARR, RIGGS & INGRAM, LLC2 years Service code 10 · EIN 72-1396621	Accounting	$16,000
PENSION ASSURANCE LLP2 years Filed as: KB PENSION SERVICES INC. Service code 13 · EIN 65-0721164	Contract Administrator	$3,500
AMERICAN CENTURY2 years Service code 52 · EIN 43-1646043	Indirect Investment Fees	$0
AMERICAN FUNDS2 years Service code 52 · EIN 95-2817150	Indirect Investment Fees	$0
AMERICAN CENTURY1 year Filed as: ANERICAN CENTURY Service code 52	Indirect Investment Fees	$0
BLACKROCK2 years Service code 52 · EIN 51-0318674	Indirect Investment Fees	$0
FRANKLIN TEMPLETON2 years Service code 52 · EIN 59-6865210	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2T3D2F2G

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

3 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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$217K

$157 / participant

Contract admin$217K100.0%

% of EOY assets

0.402%

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

$53,281

$45,382+17.4%

$154,111-65.4%

$75,289-29.2%

Participation rate

59.2%

65.9%-6.7pp

83.0%-23.8pp

72.4%-13.2pp

Annual return

24.39%

-0.47%+24.9pp

735.18%-710.8pp

-0.04%+24.4pp

Employer contribution / active EE

$967

$1,533-36.9%

$5,298-81.8%

$2,405-59.8%

Participant deferral / active EE

$3,008

$2,384+26.2%

$5,081-40.8%

$3,739-19.5%

Admin fee / account holder

$214

$89+139.6%

$13,411-98.4%

$102+109.2%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.4+ years

Filed as: MASSMUTUAL LIFE INSURANCE COMPANY

Service code 49 · EIN 04-1590850

Other Services

$158,673

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Filed as: MERRILL LYNCH

Service code 27 · EIN 13-5674085

Advisory (Plan)

$39,000

PENSION ASSURANCE LLP1 year

Filed as: KB PENSION SERVICES, INC

Service code 13

Contract Administrator

$34,699

CARR, RIGGS & INGRAM, LLC2 years

Service code 10 · EIN 72-1396621

Accounting

$16,000

PENSION ASSURANCE LLP2 years

Filed as: KB PENSION SERVICES INC.

Service code 13 · EIN 65-0721164

Contract Administrator

$3,500

AMERICAN CENTURY2 years

Service code 52 · EIN 43-1646043

Indirect Investment Fees

AMERICAN FUNDS2 years

Service code 52 · EIN 95-2817150

Indirect Investment Fees

AMERICAN CENTURY1 year

Filed as: ANERICAN CENTURY

Service code 52

Indirect Investment Fees

BLACKROCK2 years

Service code 52 · EIN 51-0318674

Indirect Investment Fees

FRANKLIN TEMPLETON2 years

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