Retirement plan

MEDICAL CENTER PHARMACY OF CHERRYVILLE, INC. PROFIT SHARING PLAN

Name: MEDICAL CENTER PHARMACY OF CHERRYVILLE, INC. - MEDICAL CENTER PHARMACY OF CHERRYVILLE, INC. PROFIT SHARING PLAN (2015) Form 5500
Creator: MEDICAL CENTER PHARMACY OF CHERRYVILLE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDICAL CENTER PHARMACY OF CHERRYVILLE, INC. PROFIT SHARING PLAN, MEDICAL CENTER PHARMACY OF CHERRYVILLE, INC.

MEDICAL CENTER PHARMACY OF CHERRYVILLE, INC.EIN 56-0846849Plan #001PY 2015

607 EAST ACADEMY STREET - CHERRYVILLE, NC 28021LinkedIn11-50 employeescosmetics

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.3M

No prior year

Total participants

No prior year

Average account balance

$33,080

No prior year

Annual return

-2.26%

No prior year

Benchmarks

See 8,867 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort8,867 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.21M

Not enough data

1 years with asset history on file

Average account balance

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

$173K

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.

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.

70.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$61K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+13.53%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15782

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G2J3D

Plan features

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$144K

$3417 / participant

Other / not subdivided$144K100.0%

% of EOY assets

11.418%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,080

$45,566-27.4%

$64,105-48.4%

$59,633-44.5%

Participation rate

90.5%

60.2%+30.3pp

68.2%+22.3pp

68.7%+21.8pp

Annual return

-2.26%

4.95%-7.2pp

791.24%-793.5pp

2041.45%-2043.7pp

Employer contribution / active EE

$715

$934-23.4%

$1,820-60.7%

$2,203-67.5%

Participant deferral / active EE

$1,755

$2,057-14.7%

$2,822-37.8%

$3,192-45.0%

Admin fee / account holder

$3,777

$3,268+15.6%

$4,499-16.1%

$4,297-12.1%

MEDICAL CENTER PHARMACY OF CHERRYVILLE, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDICAL CENTER PHARMACY OF CHERRYVILLE, INC. 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