Retirement plan

MED JAMES, INC. RETIREMENT SAVINGS PROFIT SHARING PLAN

Name: MED JAMES, INC. - MED JAMES, INC. RETIREMENT SAVINGS PROFIT SHARING PLAN (2016) Form 5500
Creator: MED JAMES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MED JAMES, INC. RETIREMENT SAVINGS PROFIT SHARING PLAN, MED JAMES, INC.

MED JAMES, INC.EIN 43-1067127Plan #001PY 2016

8595 COLLEGE BLVD, SUITE 200 - SHAWNEE MISSION, KS 66210913-663-5500

Prospect flagsHigh feesFailed to provide benefit

How to read this page

Total assets (EOY)

$9.4M

+6.3% from 2015

Total participants

148

-8.1% from 2015

Average account balance

$78,815

+7.2% from 2015

Annual return

7.33%

+8.53 pp from 2015

Benchmarks

See 2,214 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,214 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.81M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

164

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.

89.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$916K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$268

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
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$19,100
LAWING FINANCIAL1 year Service code 27 · EIN 48-1188446	Advisory (Plan)	$17,175
DEMARS PENSION CONSULTING SERVICES2+ years Service code 64 · EIN 48-0890241	Recordkeeping Fees	$6,825

Plan features & details

Pension benefit codes2F2G2J2K2T3D3H2E

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.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$43K

$319 / participant

Other / not subdivided$43K100.0%

% of EOY assets

0.460%

all-in expense ratio

Categories reported

0 / 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: HOUSE PARK DOBRATZ & WIEBLER, P.C.
Auditor EIN: 431562209
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$78,815

$74,089+6.4%

$133,975-41.2%

$55,167+42.9%

Participation rate

78.5%

84.3%-5.8pp

87.1%-8.5pp

69.0%+9.5pp

Annual return

7.33%

12.11%-4.8pp

29.29%-22.0pp

169.23%-161.9pp

Employer contribution / active EE

$1,960

$3,064-36.0%

$5,211-62.4%

$1,963-0.2%

Participant deferral / active EE

$4,113

$4,678-12.1%

$6,282-34.5%

$3,054+34.7%

Admin fee / account holder

$362

$458-20.9%

$9,324-96.1%

$504-28.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$19,100

LAWING FINANCIAL1 year

Service code 27 · EIN 48-1188446

Advisory (Plan)

$17,175

DEMARS PENSION CONSULTING SERVICES2+ years

Service code 64 · EIN 48-0890241

Recordkeeping Fees

$6,825

MED JAMES, INC. RETIREMENT SAVINGS PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MED JAMES, INC. RETIREMENT SAVINGS 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