Retirement plan

ADVANCE MEDICAL DESIGNS INC 401(K) PROFIT SHARING PLAN

Name: ADVANCE MEDICAL DESIGNS, INC. - ADVANCE MEDICAL DESIGNS INC 401(K) PROFIT SHARING PLAN (2017) Form 5500
Creator: ADVANCE MEDICAL DESIGNS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ADVANCE MEDICAL DESIGNS INC 401(K) PROFIT SHARING PLAN, ADVANCE MEDICAL DESIGNS, INC.

ADVANCE MEDICAL DESIGNS, INC.EIN 58-1596705Plan #001PY 2017

1241 ATLANTA INDUSTRIAL DRIVE - MARIETTA, GA 30066770-422-3125LinkedIn51-200 employees

Prospect flagsHigh feesLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$4.2M

+10.6% from 2016

Total participants

120

+10.1% from 2016

Average account balance

$43,919

+25.6% from 2016

Annual return

13.15%

+9.76 pp from 2016

Benchmarks

See 14,968 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants25-99

Cohort14,968 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.51M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

42.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$353K

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

+17.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1406

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
AVID WEALTH MANAGEMENT1 year Service code 51 · EIN 58-2579575 3330 CUMBERLAND BLVD · ATLANTA, GA 30339	Investment Mgmt Fees	$26,753
EQUITY INVESTMENT CORPORATION1 year Filed as: EQUITY INVESTMENT CORP Service code 51 · EIN 81-3721999 3007 PIEDMONT ROAD NE · ATLANTA, GA 30305	Investment Mgmt Fees	$10,956

Plan features & details

Pension benefit codes2A2E2H2J2K3D

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.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$39K

$440 / participant

Investment mgmt$39K100.0%

% of EOY assets

0.928%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ASSURANCE DIMENSIONS
Auditor EIN: 263429295
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,919

$67,602-35.0%

$82,312-46.6%

$70,126-37.4%

Participation rate

73.0%

72.8%+0.3pp

76.9%-3.9pp

69.5%+3.5pp

Annual return

13.15%

21.57%-8.4pp

25.88%-12.7pp

73.15%-60.0pp

Employer contribution / active EE

$1,755-100.0%

$2,428-100.0%

$2,343-100.0%

Participant deferral / active EE

$211

$2,987-92.9%

$3,706-94.3%

$3,332-93.7%

Admin fee / account holder

$407

$4,512-91.0%

$5,608-92.7%

$4,645-91.2%

Provider

Service type

Compensation

AVID WEALTH MANAGEMENT1 year

Service code 51 · EIN 58-2579575

3330 CUMBERLAND BLVD · ATLANTA, GA 30339

Investment Mgmt Fees

$26,753

EQUITY INVESTMENT CORPORATION1 year

Filed as: EQUITY INVESTMENT CORP

Service code 51 · EIN 81-3721999

3007 PIEDMONT ROAD NE · ATLANTA, GA 30305

Investment Mgmt Fees

$10,956

ADVANCE MEDICAL DESIGNS INC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ADVANCE MEDICAL DESIGNS INC 401(K) 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