Retirement plan

MEDICAL ASSOCIATES OF WARREN, INC. 401(K) PROFIT SHARING PLAN

Name: MEDICAL ASSOCIATES OF WARREN, INC. - MEDICAL ASSOCIATES OF WARREN, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: MEDICAL ASSOCIATES OF WARREN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDICAL ASSOCIATES OF WARREN, INC. 401(K) PROFIT SHARING PLAN, MEDICAL ASSOCIATES OF WARREN, INC.

MEDICAL ASSOCIATES OF WARREN, INC.EIN 34-1907605Plan #001PY 2024

9371 E MARKET ST STE 1 - WARREN, OH 444845551330-609-5277LinkedIn11-50 employeesmedical practice

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1.2M

+31.0% from 2023

Total participants

+53.3% from 2023

Average account balance

$54,821

-18.9% from 2023

Annual return

12.97%

-4.07 pp from 2023

Benchmarks

See 143,921 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort143,921 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.15M

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

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.

161.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$158K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+12.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$54,821

$159,978-65.7%

$147,041-62.7%

$145,978-62.4%

Participation rate

84.6%

84.0%+0.6pp

82.2%+2.4pp

80.3%+4.3pp

Annual return

12.97%

98.36%-85.4pp

419.21%-406.2pp

550.52%-537.6pp

Employer contribution / active EE

$5,720

$5,288+8.2%

$4,935+15.9%

$4,662+22.7%

Participant deferral / active EE

$6,464

$8,429-23.3%

$8,071-19.9%

$6,690-3.4%

Admin fee / account holder

$15,053-100.0%

$13,006-100.0%

$13,400-100.0%

MEDICAL ASSOCIATES OF WARREN, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MEDICAL ASSOCIATES OF WARREN, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion