Retirement plan

JACKSON MEDICAL MALL FOUNDATION 403(B) PLAN

Name: JACKSON MEDICAL MALL FOUNDATION - JACKSON MEDICAL MALL FOUNDATION 403(B) PLAN (2022) Form 5500
Creator: JACKSON MEDICAL MALL FOUNDATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JACKSON MEDICAL MALL FOUNDATION 403(B) PLAN, JACKSON MEDICAL MALL FOUNDATION

JACKSON MEDICAL MALL FOUNDATIONEIN 64-0865274Plan #001PY 2022

350 WEST WOODROW WILSON #107 - JACKSON, MS 39213601-982-8467

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$1.7M

-3.4% from 2021

Total participants

148

0.0% from 2021

Average account balance

$15,315

-8.7% from 2021

Annual return

-11.42%

-19.31 pp from 2021

Benchmarks

See 5,350 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,350 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.63M

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

72.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$246K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+7.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9745

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

Top 2 by compensation

Provider	Service type	Compensation
BANKPLUS WEALTH MANAGEMENT4 years Service code 26 · EIN 64-0655312	Advisory (Participants)	$12,470
HERITAGE PENSION ADVISORS, LLC3 years Filed as: HERITAGE PENSION ADVISORS Service code 37 · EIN 27-1835823	Loan Processing	$10,623

Plan features & details

Pension benefit codes2A2F2G2M2L

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).
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$23K

$212 / participant

Investment mgmt$12K54.0%
Contract admin$11K46.0%

% of EOY assets

1.371%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BROWN, EWING & CO., P.A.
Auditor EIN: 640669040
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,315

$65,083-76.5%

$143,788-89.3%

$66,930-77.1%

Participation rate

65.1%

65.2%-0.1pp

80.3%-15.2pp

69.8%-4.7pp

Annual return

-11.42%

-11.13%-0.3pp

-0.03%-11.4pp

1.57%-13.0pp

Employer contribution / active EE

$1,060

$2,361-55.1%

$4,952-78.6%

$2,545-58.4%

Participant deferral / active EE

$1,359

$2,920-53.4%

$5,638-75.9%

$4,238-67.9%

Admin fee / account holder

$210

$502-58.2%

$14,675-98.6%

$593-64.6%

Provider

Service type

Compensation

BANKPLUS WEALTH MANAGEMENT4 years

Service code 26 · EIN 64-0655312

Advisory (Participants)

$12,470

HERITAGE PENSION ADVISORS, LLC3 years

Filed as: HERITAGE PENSION ADVISORS

Service code 37 · EIN 27-1835823

Loan Processing

$10,623

JACKSON MEDICAL MALL FOUNDATION 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JACKSON MEDICAL MALL FOUNDATION 403(B) 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