Retirement plan

MID-ATLANTIC WOMENS CARE, PLC PROFIT SHARING PLAN

Name: MID-ATLANTIC WOMENS CARE, PLC - MID-ATLANTIC WOMENS CARE, PLC PROFIT SHARING PLAN (2017) Form 5500
Creator: MID-ATLANTIC WOMENS CARE, PLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MID-ATLANTIC WOMENS CARE, PLC PROFIT SHARING PLAN, MID-ATLANTIC WOMENS CARE, PLC

MID-ATLANTIC WOMENS CARE, PLCEIN 54-1820401Plan #001PY 2017

WARWICK BUILDING #8,, 6353 CENTER DR, SUITE 100 - NORFOLK, VA 23502757-455-8833midatlanticwomenscare.comLinkedIn1-10 employeesinsurance

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$94.5M

+6.6% from 2016

Total participants

669

-1.0% from 2016

Average account balance

$141,322

+7.8% from 2016

Annual return

15.76%

+8.10 pp from 2016

Benchmarks

See 3,813 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,813 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$106.35M

Not enough data

1 years with asset history on file

Average account balance

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

$160K

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.

666

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

$7.01M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+11.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$174

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
MORGAN STANLEY SMITH BARNEY3+ years Service code 21 · EIN 26-4310632	Bank Trustee	$77,621
SUNTRUST BANKS, INC.3+ years Filed as: SUNTRUST BANK Service code 21 · EIN 53-0116200 25 PARK PLACE · ATLANTA, GA 30303	Bank Trustee	$65,063
TD AMERITRADE, INC.3+ years Filed as: TD AMERITRADE Service code 33 · EIN 51-0484276 P O BOX 2226 · OMAHA, NE 681032226	Securities brokerage	$3,507

Plan features & details

Pension benefit codes2A2E2G2J2R3D

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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$280K

$585 / participant

Investment mgmt$116K41.3%
Contract admin$146K52.2%
Other / not subdivided$18K6.6%

% of EOY assets

0.296%

all-in expense ratio

Categories reported

2 / 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: ZUKERMAN & ASSOCIATES, LTD
Auditor EIN: 541244551
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$141,322

$46,173+206.1%

$170,435-17.1%

$69,631+103.0%

Participation rate

100.0%

63.9%+36.1pp

83.6%+16.4pp

70.7%+29.3pp

Annual return

15.76%

21.62%-5.9pp

205.94%-190.2pp

27571.02%-27555.3pp

Employer contribution / active EE

$5,969

$1,610+270.8%

$5,432+9.9%

$2,032+193.7%

Participant deferral / active EE

$4,044

$2,080+94.4%

$4,939-18.1%

$3,224+25.5%

Admin fee / account holder

$419

$116+261.2%

$13,881-97.0%

$110+279.3%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY3+ years

Service code 21 · EIN 26-4310632

Bank Trustee

$77,621

SUNTRUST BANKS, INC.3+ years

Filed as: SUNTRUST BANK

Service code 21 · EIN 53-0116200

25 PARK PLACE · ATLANTA, GA 30303

Bank Trustee

$65,063

TD AMERITRADE, INC.3+ years

Filed as: TD AMERITRADE

Service code 33 · EIN 51-0484276

P O BOX 2226 · OMAHA, NE 681032226

Securities brokerage

$3,507

MID-ATLANTIC WOMENS CARE, PLC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MID-ATLANTIC WOMENS CARE, PLC 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