Retirement plan

MIAMI VALLEY EMERGENCY SPECIALISTS, LLC 401(K) PROFIT SHARING PLAN

Name: MIAMI VALLEY EMERGENCY SPECIALISTS, LLC - MIAMI VALLEY EMERGENCY SPECIALISTS, LLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: MIAMI VALLEY EMERGENCY SPECIALISTS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIAMI VALLEY EMERGENCY SPECIALISTS, LLC 401(K) PROFIT SHARING PLAN, MIAMI VALLEY EMERGENCY SPECIALISTS, LLC

MIAMI VALLEY EMERGENCY SPECIALISTS, LLCEIN 31-1712716Plan #002PY 2024

1 WYOMING STREET - DAYTON, OH 454092722937-546-9133mvesonline.comLinkedIn51-200 employeeshospital & health care

Other plans on this EIN

1 filing

#001Retirement-$32.0M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$43M

+22.1% from 2023

Total participants

136

+7.9% from 2023

Average account balance

$321,153

+12.1% from 2023

Annual return

15.68%

-3.45 pp from 2023

Benchmarks

See 6,010 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,010 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$43.03M

Not enough data

1 years with asset history on file

Average account balance

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

$321K

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.

134

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.

98.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.98M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+15.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$983

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
EVEREN SECURITIES INC2 years Filed as: EVEREN CAPITAL CORPORATION Service code 26 · EIN 36-4019175	Advisory (Participants)	$104,457
PENSION CORPORATION OF AMERICA2 years Service code 13 · EIN 31-1360674	Contract Administrator	$31,422
MATRIX TRUST COMPANY2 years Service code 19 · EIN 75-3182674	Securities Custodian	$10,558

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$132K

$1146 / participant

Recordkeeping$15K11.2%
Investment mgmt$115K87.3%
Other / not subdivided$2K1.5%

% of EOY assets

0.306%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BARNES DENNIG
Auditor EIN: 311119890
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$321,153

$55,423+479.5%

$155,602+106.4%

$74,400+331.7%

Participation rate

98.3%

61.9%+36.4pp

78.2%+20.1pp

67.2%+31.0pp

Annual return

15.68%

269.07%-253.4pp

64.81%-49.1pp

1367.51%-1351.8pp

Employer contribution / active EE

$10,337

$2,266+356.3%

$4,675+121.1%

$2,624+293.9%

Participant deferral / active EE

$15,545

$2,835+448.4%

$5,629+176.2%

$4,348+257.5%

Admin fee / account holder

$983

$1,744-43.6%

$15,923-93.8%

$1,944-49.4%

Provider

Service type

Compensation

EVEREN SECURITIES INC2 years

Filed as: EVEREN CAPITAL CORPORATION

Service code 26 · EIN 36-4019175

Advisory (Participants)

$104,457

PENSION CORPORATION OF AMERICA2 years

Service code 13 · EIN 31-1360674

Contract Administrator

$31,422

MATRIX TRUST COMPANY2 years

Service code 19 · EIN 75-3182674

Securities Custodian

$10,558

MIAMI VALLEY EMERGENCY SPECIALISTS, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIAMI VALLEY EMERGENCY SPECIALISTS, LLC 401(K) 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