Retirement plan

MEDICAL ASSETS HOLDING CO., LLC 401K PS TRUST

Name: MEDICAL ASSETS HOLDING COMPANY, LLC - MEDICAL ASSETS HOLDING CO., LLC 401K PS TRUST (2020) Form 5500
Creator: MEDICAL ASSETS HOLDING COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDICAL ASSETS HOLDING CO., LLC 401K PS TRUST, MEDICAL ASSETS HOLDING COMPANY, LLC

MEDICAL ASSETS HOLDING COMPANY, LLCEIN 71-0820452Plan #001PY 2020

PO BOX 3457 - LITTLE ROCK, AR 72203501-406-6180mahc.netLinkedIn201-500 employeesventure capital & private equity

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$7.6M

+21.2% from 2019

Total participants

205

-4.2% from 2019

Average account balance

$65,799

+19.1% from 2019

Annual return

15.44%

-8.41 pp from 2019

Benchmarks

See 261 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants100-249

Cohort261 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$347K

Not enough data

1 years with asset history on file

Average account balance

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

$11K

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.

29.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$172K

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

-93.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4707

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 4 by compensation

Provider	Service type	Compensation
REGIONS BANK4 years Service code 15 · EIN 63-0371391	Recordkeeping	$30,054
ASCENSUS LLC3 years Service code 15 · EIN 11-3665754	Recordkeeping	$14,189
MEDICAL COST MANAGEMENT1 year Filed as: MEDICAL ASSETS HOLDING COMPANY Service code 13 200 RIVER MARKET AVE · LITTLE ROCK, AR 72201	Contract Administrator	$9,200
THE WELCH GROUP1 year Filed as: WELCH, COUCH, & CO., PA Service code 10 PO BOX 2094 · BATESVILLE, AR 72503	Accounting	$8,000

Plan features & details

Pension benefit codes2E3D2G2J2K2F2T

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.

Opportunity flags

2 tripped

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

$61K

$389 / participant

Contract admin$44K72.0%
Other / not subdivided$17K28.0%

% of EOY assets

0.805%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HUGHES, WELCH AND MILLIGAN, LTD
Auditor EIN: 710623618
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,799

$73,823-10.9%

$379,746-82.7%

$73,493-10.5%

Participation rate

43.7%

73.1%-29.5pp

78.4%-34.8pp

70.7%-27.0pp

Annual return

15.44%

29.06%-13.6pp

34.90%-19.5pp

28.51%-13.1pp

Employer contribution / active EE

$1,070

$2,472-56.7%

$3,540-69.8%

$2,270-52.9%

Participant deferral / active EE

$1,781

$4,038-55.9%

$6,024-70.4%

$3,740-52.4%

Admin fee / account holder

$530

$607-12.7%

$7,927-93.3%

$513+3.2%

Provider

Service type

Compensation

REGIONS BANK4 years

Service code 15 · EIN 63-0371391

Recordkeeping

$30,054

ASCENSUS LLC3 years

Service code 15 · EIN 11-3665754

Recordkeeping

$14,189

MEDICAL COST MANAGEMENT1 year

Filed as: MEDICAL ASSETS HOLDING COMPANY

Service code 13

200 RIVER MARKET AVE · LITTLE ROCK, AR 72201

Contract Administrator

$9,200

THE WELCH GROUP1 year

Filed as: WELCH, COUCH, & CO., PA

Service code 10

PO BOX 2094 · BATESVILLE, AR 72503

Accounting

$8,000

MEDICAL ASSETS HOLDING CO., LLC 401K PS TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDICAL ASSETS HOLDING CO., LLC 401K PS TRUST

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