Retirement plan

MIDWEST TRANSPLANT NETWORK, INC. 403(B) RETIREMENT PLAN

Name: MIDWEST TRANSPLANT NETWORK, INC. - MIDWEST TRANSPLANT NETWORK, INC. 403(B) RETIREMENT PLAN (2019) Form 5500
Creator: MIDWEST TRANSPLANT NETWORK, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWEST TRANSPLANT NETWORK, INC. 403(B) RETIREMENT PLAN, MIDWEST TRANSPLANT NETWORK, INC.

MIDWEST TRANSPLANT NETWORK, INC.EIN 43-1016328Plan #001PY 2019

1900 W. 47TH PLACE, SUITE 400 - WESTWOOD, KS 66205913-262-1666mwtn.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$26.9M

+28.5% from 2018

Total participants

257

+9.8% from 2018

Average account balance

$106,878

+16.8% from 2018

Annual return

23.45%

+27.12 pp from 2018

Benchmarks

See 5,342 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,342 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$51.48M

Not enough data

1 years with asset history on file

Average account balance

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

$163K

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.

316

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.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.57M

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

+16.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$377

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
FREESTATE ADVISORS LLC3 years Service code 27 4901 W 136TH ST · LEAWOOD, KS 66224	Advisory (Plan)	$82,001
AMERICAN FUNDS3 years Filed as: CAPITAL RESEARCH AND MANAGEMENT Service code 64 333 SOUTH HOPE STREET · LOS ANGELES, CA 90071	Recordkeeping Fees	$41,451
EPIC RETIREMENT PLAN SERVICES4 years Filed as: MHM RETIREMENT PLAN SOLUTIONS Service code 13 700 W 47TH ST STE 1100 · KANSAS CITY, MO 641122050	Contract Administrator	$3,130

Plan features & details

Pension benefit codes2L2M2G

Plan features

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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.

Opportunity flags

2 tripped

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

$86K

$398 / participant

Contract admin$86K100.0%

% of EOY assets

0.320%

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: BKD, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$106,878

$52,961+101.8%

$172,752-38.1%

$65,185+64.0%

Participation rate

97.7%

66.2%+31.5pp

82.6%+15.0pp

70.2%+27.5pp

Annual return

23.45%

30.12%-6.7pp

802.97%-779.5pp

29.38%-5.9pp

Employer contribution / active EE

$6,657

$2,190+203.9%

$5,144+29.4%

$2,177+205.8%

Participant deferral / active EE

$5,893

$2,471+138.5%

$5,198+13.4%

$3,514+67.7%

Admin fee / account holder

$342

$472-27.4%

$13,955-97.5%

$847-59.6%

Provider

Service type

Compensation

FREESTATE ADVISORS LLC3 years

Service code 27

4901 W 136TH ST · LEAWOOD, KS 66224

Advisory (Plan)

$82,001

AMERICAN FUNDS3 years

Filed as: CAPITAL RESEARCH AND MANAGEMENT

Service code 64

333 SOUTH HOPE STREET · LOS ANGELES, CA 90071

Recordkeeping Fees

$41,451

EPIC RETIREMENT PLAN SERVICES4 years

Filed as: MHM RETIREMENT PLAN SOLUTIONS

Service code 13

700 W 47TH ST STE 1100 · KANSAS CITY, MO 641122050

Contract Administrator

$3,130

MIDWEST TRANSPLANT NETWORK, INC. 403(B) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWEST TRANSPLANT NETWORK, INC. 403(B) RETIREMENT 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