Retirement plan

MEDICAL MANAGEMENT SERVICES, INC. 401(K) PLAN

Name: MEDICAL MANAGEMENT SERVICES, INC. - MEDICAL MANAGEMENT SERVICES, INC. 401(K) PLAN (2018) Form 5500
Creator: MEDICAL MANAGEMENT SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDICAL MANAGEMENT SERVICES, INC. 401(K) PLAN, MEDICAL MANAGEMENT SERVICES, INC.

MEDICAL MANAGEMENT SERVICES, INC.EIN 54-1608047Plan #001PY 2018

3241 WESTERN BRANCH BOULEVARD - CHESAPEAKE, VA 23321757-686-3500LinkedIn11-50 employeeshospital & health care

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$11.6M

+2.6% from 2017

Total participants

707

+1.4% from 2017

Average account balance

$33,394

+2.6% from 2017

Annual return

-4.54%

-22.26 pp from 2017

Benchmarks

See 2,763 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,763 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$19.03M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

434

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.

63.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.50M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+17.56%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15

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 10 of 15 by compensation

Provider	Service type	Compensation
CHERRY BEKAERT LLP4+ years Service code 13 · EIN 56-0574444	Contract Administrator	$8,022
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTES MUTUAL LIFE INSUR Service code 49 · EIN 04-1590850	Other Services	$6,023
AMERICAN FUNDS2 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
COLUMBIA2 years Service code 52 · EIN 56-0906609	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC Service code 27	Advisory (Plan)	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC3 years Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
FRANKLIN TEMPLETON2 years Service code 52 · EIN 13-3151768	Indirect Investment Fees	$0
GOLDMAN SACHS2 years Service code 52 · EIN 13-4166989	Indirect Investment Fees	$0
KEVIN J. DRISCOLL1 year Filed as: KEVIN OAKES Service code 53 222 CENTRAL PARK AVE. SUITE 1100 · VIRGINIA BEACH, VA 23462	Insurance Commissions	$0
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTES MUTUAL LIFE INSUR CO Service code 49	Other Services	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$6K

$10 / participant

Contract admin$6K100.0%

% of EOY assets

0.052%

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: CHARLES W. SNADER, P.C.
Auditor EIN: 541873714
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,394

$75,388-55.7%

$123,552-73.0%

$55,725-40.1%

Participation rate

42.7%

75.7%-32.9pp

82.3%-39.6pp

70.9%-28.1pp

Annual return

-4.54%

4.48%-9.0pp

119.20%-123.7pp

244.93%-249.5pp

Employer contribution / active EE

$1,139

$3,063-62.8%

$4,628-75.4%

$2,078-45.2%

Participant deferral / active EE

$1,091

$5,651-80.7%

$6,426-83.0%

$3,356-67.5%

Admin fee / account holder

$17

$120-85.5%

$9,285-99.8%

$115-85.0%

Provider

Service type

Compensation

CHERRY BEKAERT LLP4+ years

Service code 13 · EIN 56-0574444

Contract Administrator

$8,022

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTES MUTUAL LIFE INSUR

Service code 49 · EIN 04-1590850

Other Services

$6,023

AMERICAN FUNDS2 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

COLUMBIA2 years

Service code 52 · EIN 56-0906609

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC

Service code 27

Advisory (Plan)

ENVESTNET RETIREMENT SOLUTIONS, LLC3 years

Service code 27 · EIN 61-1732930

Advisory (Plan)

FRANKLIN TEMPLETON2 years

Service code 52 · EIN 13-3151768

Indirect Investment Fees

GOLDMAN SACHS2 years

Service code 52 · EIN 13-4166989

Indirect Investment Fees

KEVIN J. DRISCOLL1 year

Filed as: KEVIN OAKES

Service code 53

222 CENTRAL PARK AVE. SUITE 1100 · VIRGINIA BEACH, VA 23462

Insurance Commissions

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTES MUTUAL LIFE INSUR CO

Service code 49

Other Services

MEDICAL MANAGEMENT SERVICES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDICAL MANAGEMENT SERVICES, INC. 401(K) 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