Retirement plan

MMT AMBULANCE 401K PLAN

Name: MMT AMBULANCE - MMT AMBULANCE 401K PLAN (2024) Form 5500
Creator: MMT AMBULANCE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MMT AMBULANCE 401K PLAN, MMT AMBULANCE

MMT AMBULANCEEIN 47-0829179Plan #001PY 2024

2470 32ND AVENUE - COLUMBUS, NE 68601800-562-3396mmtamb.comLinkedIn1001-5000 employeeshospital & health care

Prospect flagsLow returnsLow participationLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.6M

+20.5% from 2023

Total participants

1,643

+3.6% from 2023

Average account balance

$14,302

+53.1% from 2023

Annual return

11.39%

-29.31 pp from 2023

Benchmarks

See 1,436 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,436 peers

Snapshot2024

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

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Analytics

Total assets (EOY)

Plan-year ending balance

$11.63M

Not enough data

1 years with asset history on file

Average account balance

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

$14K

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.

813

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.

45.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.79M

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

+11.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$147

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 4 by compensation

Provider	Service type	Compensation
USI CONSULTING GROUP1 year Filed as: USI SECURITIES, INC. Service code 22 · EIN 06-1496970	Insurance Broker	$74,937
TRANSAMERICA RETIREMENT SOLUTIONS1 year Service code 15 · EIN 13-3689044	Recordkeeping	$72,751
JOHN HANCOCK LIFE INSURANCE COMPANY6 years Service code 15 · EIN 01-0233346	Recordkeeping	$36,205
MGKS1 year Service code 14 7600 N 16TH ST · PHOENIX, AZ 85020	Plan Administrator	$7,800

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3B3D

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return 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

$120K

$79 / participant

Recordkeeping$109K90.9%
Investment mgmt$2K1.8%
Contract admin$9K7.3%

% of EOY assets

1.030%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: LUTZ & COMPANY, PC
Auditor EIN: 470625816
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,302

$53,136-73.1%

$155,509-90.8%

$199,593-92.8%

Participation rate

45.0%

64.1%-19.1pp

78.2%-33.2pp

72.0%-27.0pp

Annual return

11.39%

41.15%-29.8pp

64.67%-53.3pp

34.25%-22.9pp

Employer contribution / active EE

$714

$1,851-61.4%

$4,672-84.7%

$3,034-76.5%

Participant deferral / active EE

$1,138

$3,161-64.0%

$5,626-79.8%

$5,087-77.6%

Admin fee / account holder

$147

$185-20.5%

$15,912-99.1%

$269-45.2%

Provider

Service type

Compensation

USI CONSULTING GROUP1 year

Filed as: USI SECURITIES, INC.

Service code 22 · EIN 06-1496970

Insurance Broker

$74,937

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Service code 15 · EIN 13-3689044

Recordkeeping

$72,751

JOHN HANCOCK LIFE INSURANCE COMPANY6 years

Service code 15 · EIN 01-0233346

Recordkeeping

$36,205

MGKS1 year

Service code 14

7600 N 16TH ST · PHOENIX, AZ 85020

Plan Administrator

$7,800

MMT AMBULANCE 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MMT AMBULANCE 401K 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