Retirement plan

DONALD MARTENS AND SONS AMBULANCE SERVICES 401(K) PLAN

Name: DONALD MARTENS AND SONS AMBULANCE SERVICES - DONALD MARTENS AND SONS AMBULANCE SERVICES 401(K) PLAN (2019) Form 5500
Creator: DONALD MARTENS AND SONS AMBULANCE SERVICES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DONALD MARTENS AND SONS AMBULANCE SERVICES 401(K) PLAN, DONALD MARTENS AND SONS AMBULANCE SERVICES

DONALD MARTENS AND SONS AMBULANCE SERVICESEIN 34-1384114Plan #003PY 2019

10830 BROOKPARK ROAD - BROOKLYN, OH 44130440-234-6001

Prospect flagsLow assets / participantLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$2.9M

+21.0% from 2018

Total participants

376

+36.7% from 2018

Average account balance

$8,710

-18.4% from 2018

Annual return

22.28%

+29.45 pp from 2018

Benchmarks

See 5,341 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,341 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.31M

Not enough data

1 years with asset history on file

Average account balance

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

$7K

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.

596

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.

72.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$470K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$42

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 2 by compensation

Provider	Service type	Compensation
3(16) FIDUCIARY SERVICES CORP2 years Filed as: 3(16( FIDUCIARY SERVICES CORP Service code 15 · EIN 45-4813650	Recordkeeping	$13,304
TRANSAMERICA RETIREMENT SOLUTIONS2 years Filed as: TRANSAMERICA FINANCIAL LIFE INS CO Service code 15 · EIN 36-6071399	Recordkeeping	$10,762

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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 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).

Expense breakdown

Schedule H Part II

Admin total

$24K

$104 / participant

Investment mgmt$24K100.0%

% of EOY assets

0.823%

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: TEMPLETON & COMPANY
Auditor EIN: 141918990
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$8,710

$52,967-83.6%

$172,753-95.0%

$65,186-86.6%

Participation rate

82.3%

66.2%+16.1pp

82.6%-0.4pp

70.2%+12.1pp

Annual return

22.28%

30.12%-7.8pp

803.00%-780.7pp

29.39%-7.1pp

Employer contribution / active EE

$202

$2,190-90.8%

$5,144-96.1%

$2,177-90.7%

Participant deferral / active EE

$1,325

$2,471-46.4%

$5,198-74.5%

$3,514-62.3%

Admin fee / account holder

$72

$472-84.8%

$13,956-99.5%

$847-91.5%

Provider

Service type

Compensation

3(16) FIDUCIARY SERVICES CORP2 years

Filed as: 3(16( FIDUCIARY SERVICES CORP

Service code 15 · EIN 45-4813650

Recordkeeping

$13,304

TRANSAMERICA RETIREMENT SOLUTIONS2 years

Filed as: TRANSAMERICA FINANCIAL LIFE INS CO

Service code 15 · EIN 36-6071399

Recordkeeping

$10,762

DONALD MARTENS AND SONS AMBULANCE SERVICES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DONALD MARTENS AND SONS AMBULANCE SERVICES 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