Retirement plan

MADISON MEDICAL AFFILIATES, INC. EMPLOYEES' BALANCED PROFIT SHARING PLAN

Name: MADISON MEDICAL AFFILIATES, INC. - MADISON MEDICAL AFFILIATES, INC. EMPLOYEES' BALANCED PROFIT SHARING PLAN (2021) Form 5500
Creator: MADISON MEDICAL AFFILIATES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MADISON MEDICAL AFFILIATES, INC. EMPLOYEES' BALANCED PROFIT SHARING PLAN, MADISON MEDICAL AFFILIATES, INC.

MADISON MEDICAL AFFILIATES, INC.EIN 39-1855720Plan #001PY 2021

788 NORTH JEFFERSON STREET STE 300 - MILWAUKEE, WI 53202414-274-8620madisonmedical.comLinkedIn201-500 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$62.2M

+15.0% from 2020

Total participants

481

-8.9% from 2020

Average account balance

$146,809

+20.2% from 2020

Annual return

16.38%

-0.34 pp from 2020

Benchmarks

See 3,805 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,805 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$96.16M

Not enough data

1 years with asset history on file

Average account balance

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

$219K

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.

439

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.68M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+9.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$332

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO6+ years Filed as: ONEAMERICA RETIREMENT SERVICES LLC Service code 15 · EIN 46-5378846	Recordkeeping	$75,251
BAIRD FUNDS6+ years Filed as: ROBERT W. BAIRD & CO. INCORPORATED Service code 27 777 E. WISCONSIN AVENUE, FLOOR 22 · MILWAUKEE, WI 53202	Advisory (Plan)	$69,661
BMO HARRIS BANK NA6+ years Filed as: BMO HARRIS BANK, N.A. Service code 19 · EIN 36-2085229	Securities Custodian	$0
MATRIX TRUST COMPANY1 year Service code 19 · EIN 75-3182674	Securities Custodian	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2T3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$145K

$470 / participant

Investment mgmt$70K48.1%
Other / not subdivided$75K51.9%

% of EOY assets

0.233%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: CLIFTON LARSON ALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$146,809

$56,485+159.9%

$185,823-21.0%

$86,799+69.1%

Participation rate

81.5%

65.5%+16.0pp

81.7%-0.2pp

72.3%+9.2pp

Annual return

16.38%

118.04%-101.7pp

122.05%-105.7pp

97.91%-81.5pp

Employer contribution / active EE

$8,120

$1,843+340.6%

$5,167+57.1%

$2,405+237.6%

Participant deferral / active EE

$5,826

$2,553+128.2%

$5,568+4.6%

$4,131+41.0%

Admin fee / account holder

$342

$150+128.5%

$16,237-97.9%

$170+101.6%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO6+ years

Filed as: ONEAMERICA RETIREMENT SERVICES LLC

Service code 15 · EIN 46-5378846

Recordkeeping

$75,251

BAIRD FUNDS6+ years

Filed as: ROBERT W. BAIRD & CO. INCORPORATED

Service code 27

777 E. WISCONSIN AVENUE, FLOOR 22 · MILWAUKEE, WI 53202

Advisory (Plan)

$69,661

BMO HARRIS BANK NA6+ years

Filed as: BMO HARRIS BANK, N.A.

Service code 19 · EIN 36-2085229

Securities Custodian

MATRIX TRUST COMPANY1 year

Service code 19 · EIN 75-3182674

Securities Custodian

MADISON MEDICAL AFFILIATES, INC. EMPLOYEES' BALANCED PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MADISON MEDICAL AFFILIATES, INC. EMPLOYEES' BALANCED 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