Retirement plan

MEDICAL SOCIETY OF DELAWARE 401(K) PROFIT SHARING PLAN

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

MEDICAL SOCIETY OF DELAWAREEIN 51-0061011Plan #333PY 2024

900 PRIDES CROSSING - NEWARK, DE 19713302-366-1400

Prospect flagsHigh feesLow fidelity bondFailed to transmit contributions

How to read this page

Total assets (EOY)

$20.9M

+16.2% from 2023

Total participants

200

-17.0% from 2023

Average account balance

$104,726

-0.7% from 2023

Annual return

12.34%

+18.30 pp from 2023

Benchmarks

See 2,058 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,058 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.95M

Not enough data

1 years with asset history on file

Average account balance

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

$105K

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.

200

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

$1.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$937

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 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS1 year Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399	Recordkeeping	$129,193
TEMPLETON & COMPANY LLP4 years Service code 10 · EIN 14-1918900	Accounting	$19,500
PINNACLE FINANCIAL SERVICES, INC.1 year Filed as: PINNACLE FINANCIAL SERVICES, INC Service code 15 · EIN 59-2438373	Recordkeeping	$11,049
CETERA ADVISOR NETWORKS LLC2 years Filed as: CETERA FINANCIAL GROUP Service code 22 · EIN 30-0588666	Insurance Broker	$6,437

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D2U

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.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$187K

$1276 / participant

Recordkeeping$20K10.4%
Contract admin$168K89.6%

% of EOY assets

0.895%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: TEMPLETON & COMPANY
Auditor EIN: 141918900
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$104,726

$60,393+73.4%

$81,820+28.0%

$74,429+40.7%

Participation rate

100.0%

62.9%+37.1pp

72.4%+27.6pp

67.2%+32.8pp

Annual return

12.34%

16.89%-4.6pp

777.93%-765.6pp

1368.38%-1356.0pp

Employer contribution / active EE

$4,889

$2,626+86.1%

$2,915+67.7%

$2,625+86.3%

Participant deferral / active EE

$6,136

$3,397+80.6%

$4,323+42.0%

$4,348+41.1%

Admin fee / account holder

$937

$1,491-37.1%

$7,391-87.3%

$1,944-51.8%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS1 year

Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN

Service code 15 · EIN 36-6071399

Recordkeeping

$129,193

TEMPLETON & COMPANY LLP4 years

Service code 10 · EIN 14-1918900

Accounting

$19,500

PINNACLE FINANCIAL SERVICES, INC.1 year

Filed as: PINNACLE FINANCIAL SERVICES, INC

Service code 15 · EIN 59-2438373

Recordkeeping

$11,049

CETERA ADVISOR NETWORKS LLC2 years

Filed as: CETERA FINANCIAL GROUP

Service code 22 · EIN 30-0588666

Insurance Broker

$6,437

MEDICAL SOCIETY OF DELAWARE 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDICAL SOCIETY OF DELAWARE 401(K) 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