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 (2016) 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 2016

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.4M

+9.6% from 2015

Total participants

0.0% from 2015

Average account balance

$39,360

+19.0% from 2015

Annual return

5.73%

+7.99 pp from 2015

Benchmarks

See 9,492 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants25-99

Cohort9,492 peers

Snapshot2016

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

$42K

$1192 / participant

Other / not subdivided$42K100.0%

% of EOY assets

3.028%

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

$39,360

$48,364-18.6%

$71,796-45.2%

$62,881-37.4%

Participation rate

80.0%

60.6%+19.4pp

69.1%+10.9pp

69.3%+10.7pp

Annual return

5.73%

13.16%-7.4pp

78.04%-72.3pp

20.14%-14.4pp

Employer contribution / active EE

$731

$1,042-29.8%

$1,924-62.0%

$2,281-67.9%

Participant deferral / active EE

$1,847

$2,091-11.7%

$2,794-33.9%

$3,203-42.3%

Admin fee / account holder

$1,192

$3,771-68.4%

$4,815-75.2%

$4,296-72.3%

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