Retirement plan

MEDICAL ANESTHESIA GROUP, P.A. PROFIT SHARING PLAN

Name: MEDICAL ANESTHESIA GROUP, P.A. - MEDICAL ANESTHESIA GROUP, P.A. PROFIT SHARING PLAN (2024) Form 5500
Creator: MEDICAL ANESTHESIA GROUP, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDICAL ANESTHESIA GROUP, P.A. PROFIT SHARING PLAN, MEDICAL ANESTHESIA GROUP, P.A.

MEDICAL ANESTHESIA GROUP, P.A.EIN 62-0815135Plan #001PY 2024

6060 PRIMACY PARKWAY, SUITE 241 - MEMPHIS, TN 38119901-725-5846LinkedIn51-200 employeesmedical practice

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$110.9M

-9.2% from 2023

Total participants

151

-14.2% from 2023

Average account balance

$754,092

+6.9% from 2023

Annual return

14.47%

-0.63 pp from 2023

Benchmarks

See 21,775 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,775 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$110.85M

Not enough data

1 years with asset history on file

Average account balance

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

$754K

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.

147

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.

94.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$31K

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

+14.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5965

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
MERIDIAN TRUST & INVESTMENT COMPANY10+ years Service code 10 · EIN 62-1700796	Accounting	$820,878
EPIC RETIREMENT PLAN SERVICES7 years Filed as: EPIC ADVISORS, INC Service code 12 · EIN 16-1450952	Claims processing; Recordkeeping fees...	$20,218
RAYMOND JAMES FINANCIAL SERVICES6 years Filed as: RAYMOND JAMES & ASSOCIATES Service code 26 JOHN BARNES, BARNES EAST GROUP · LITTLE ROCK, AR 722231708	Advisory (Participants)	$8,972

Plan features & details

Pension benefit codes2E2F2G2J2R2T3D2K

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

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$877K

$12708 / participant

Recordkeeping$16K1.8%
Investment mgmt$857K97.7%
Contract admin$5K0.5%

% of EOY assets

0.791%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: PUGH CPAS
Auditor EIN: 621142155
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$754,092

$81,248+828.1%

$155,509+384.9%

$80,856+832.6%

Participation rate

94.2%

66.2%+28.0pp

78.2%+16.0pp

67.6%+26.6pp

Annual return

14.47%

33.31%-18.8pp

64.67%-50.2pp

35.59%-21.1pp

Employer contribution / active EE

$15,272

$3,100+392.6%

$4,672+226.9%

$2,755+454.4%

Participant deferral / active EE

$15,367

$3,452+345.2%

$5,626+173.1%

$4,296+257.7%

Admin fee / account holder

$5,965

$7,997-25.4%

$15,912-62.5%

$6,918-13.8%

Provider

Service type

Compensation

MERIDIAN TRUST & INVESTMENT COMPANY10+ years

Service code 10 · EIN 62-1700796

Accounting

$820,878

EPIC RETIREMENT PLAN SERVICES7 years

Filed as: EPIC ADVISORS, INC

Service code 12 · EIN 16-1450952

Claims processing; Recordkeeping fees...

$20,218

RAYMOND JAMES FINANCIAL SERVICES6 years

Filed as: RAYMOND JAMES & ASSOCIATES

Service code 26

JOHN BARNES, BARNES EAST GROUP · LITTLE ROCK, AR 722231708

Advisory (Participants)

$8,972

MEDICAL ANESTHESIA GROUP, P.A. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDICAL ANESTHESIA GROUP, P.A. 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