Retirement plan

MEDICRAFT, INC. 401(K) PROFIT SHARING PLAN

Name: MEDICRAFT, INC. - MEDICRAFT, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: MEDICRAFT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDICRAFT, INC. 401(K) PROFIT SHARING PLAN, MEDICRAFT, INC.

MEDICRAFT, INC.EIN 58-1944756Plan #001PY 2024

3284 NORTHSIDE PARKWAY NORTHWEST, SUITE 600 - ATLANTA, GA 30327404-767-6400

Prospect flagsHigh feesHigh assets / participantRecently reached 100 employees

How to read this page

Total assets (EOY)

$30M

+13.5% from 2023

Total participants

133

+1.5% from 2023

Average account balance

$283,358

+1.7% from 2023

Annual return

13.98%

-4.03 pp from 2023

Benchmarks

See 2,349 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,349 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.04M

Not enough data

1 years with asset history on file

Average account balance

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

$283K

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.

106

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.

76.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.69M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+13.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$676

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 4 by compensation

Provider	Service type	Compensation
AMERICAN UNITED LIFE INSURANCE CO4 years Service code 15 · EIN 35-0145825	Recordkeeping	$52,206
FUTURE PLAN CONSULTING - FORT WAYNE1 year Filed as: FUTURE CAPITAL Service code 26 · EIN 62-1823351	Advisory (Participants)	$38,791
EDWARD JONES4 years Filed as: EDWARD D JONES AND CO Service code 16	Consulting	$26,989
EDWARD JONES2 years Filed as: EDWARD D JONES AND CO. Service code 16 · EIN 43-0345811	Consulting	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$72K

$635 / participant

Contract admin$72K100.0%

% of EOY assets

0.239%

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: BENETT THRASHER
Auditor EIN: 581763613
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$283,358

$88,137+221.5%

$164,975+71.8%

$74,429+280.7%

Participation rate

76.1%

73.1%+3.0pp

78.6%-2.5pp

67.2%+8.9pp

Annual return

13.98%

17.13%-3.1pp

70.12%-56.1pp

1368.38%-1354.4pp

Employer contribution / active EE

$6,838

$2,597+163.3%

$4,343+57.5%

$2,625+160.5%

Participant deferral / active EE

$8,148

$4,501+81.0%

$6,033+35.0%

$4,348+87.4%

Admin fee / account holder

$676

$2,231-69.7%

$12,688-94.7%

$1,944-65.2%

Provider

Service type

Compensation

AMERICAN UNITED LIFE INSURANCE CO4 years

Service code 15 · EIN 35-0145825

Recordkeeping

$52,206

FUTURE PLAN CONSULTING - FORT WAYNE1 year

Filed as: FUTURE CAPITAL

Service code 26 · EIN 62-1823351

Advisory (Participants)

$38,791

EDWARD JONES4 years

Filed as: EDWARD D JONES AND CO

Service code 16

Consulting

$26,989

EDWARD JONES2 years

Filed as: EDWARD D JONES AND CO.

Service code 16 · EIN 43-0345811

Consulting

MEDICRAFT, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDICRAFT, 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