Retirement plan

MEDICAL MANAGEMENT SERVICES, INC. 401(K) PLAN

Name: MEDICAL MANAGEMENT SERVICES, INC. - MEDICAL MANAGEMENT SERVICES, INC. 401(K) PLAN (2020) 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 2020

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

Prospect flagsLow returnsLow participationLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$15.7M

+6.6% from 2019

Total participants

905

+5.1% from 2019

Average account balance

$23,897

+20.9% from 2019

Annual return

12.78%

-7.61 pp from 2019

Benchmarks

See 2,819 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,819 peers

Snapshot2020

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

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

Service providers

Top 10 of 13 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.3 years Filed as: MASSACHUSETTS MUTUAL LIFE INSUR Service code 52 · EIN 04-1590850	Indirect Investment Fees	$15,295
CHERRY BEKAERT LLP6+ years Service code 10 · EIN 56-0574444	Accounting	$10,353
AMERICAN FUNDS4 years Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
COLUMBIA4 years Service code 52 · EIN 56-0906609	Indirect Investment Fees	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC4 years Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC Service code 27	Advisory (Plan)	$0
ENVESTNET RETIREMENT SOLUTIONS, LLC5 years Service code 27 · EIN 61-1732930	Advisory (Plan)	$0
FRANKLIN TEMPLETON4 years Service code 52 · EIN 13-3151768	Indirect Investment Fees	$0
GOLDMAN SACHS4 years Service code 52 · EIN 13-4166989	Indirect Investment Fees	$0
INVESCO2 years Service code 52 · EIN 76-0343427	Indirect Investment Fees	$0
KEVIN J. DRISCOLL3 years Filed as: KEVIN OAKES Service code 53 222 CENTRAL PARK AVE. SUITE 1100 · VIRGINIA BEACH, VA 23462	Insurance Commissions	$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

4 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.
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.

Expense breakdown

Schedule H Part II

Admin total

$15K

$29 / participant

Contract admin$15K100.0%

% of EOY assets

0.097%

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

$23,897

$100,801-76.3%

$149,730-84.0%

$73,412-67.4%

Participation rate

53.4%

77.7%-24.3pp

82.5%-29.1pp

72.2%-18.8pp

Annual return

12.78%

265.34%-252.6pp

276.70%-263.9pp

59.30%-46.5pp

Employer contribution / active EE

$1,178

$3,312-64.4%

$4,645-74.6%

$2,234-47.3%

Participant deferral / active EE

$1,271

$6,404-80.2%

$6,843-81.4%

$3,806-66.6%

Admin fee / account holder

$23

$181-87.1%

$9,310-99.7%

$158-85.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.3 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSUR

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$15,295

CHERRY BEKAERT LLP6+ years

Service code 10 · EIN 56-0574444

Accounting

$10,353

AMERICAN FUNDS4 years

Service code 52 · EIN 95-1411037

Indirect Investment Fees

COLUMBIA4 years

Service code 52 · EIN 56-0906609

Indirect Investment Fees

ENVESTNET RETIREMENT SOLUTIONS, LLC4 years

Filed as: ENVESTNET RETIREMENT SOLUTIONS LLC

Service code 27

Advisory (Plan)

ENVESTNET RETIREMENT SOLUTIONS, LLC5 years

Service code 27 · EIN 61-1732930

Advisory (Plan)

FRANKLIN TEMPLETON4 years

Service code 52 · EIN 13-3151768

Indirect Investment Fees

GOLDMAN SACHS4 years

Service code 52 · EIN 13-4166989

Indirect Investment Fees

INVESCO2 years

Service code 52 · EIN 76-0343427

Indirect Investment Fees

KEVIN J. DRISCOLL3 years

Filed as: KEVIN OAKES

Service code 53

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

Insurance Commissions

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