Retirement plan

MEDICAL ASSETS HOLDING COMPANY, LLC 401(K) PROFIT SHARING TRUST

Name: MEDICAL ASSETS HOLDING COMPANY, LLC - MEDICAL ASSETS HOLDING COMPANY, LLC 401(K) PROFIT SHARING TRUST (2023) Form 5500
Creator: MEDICAL ASSETS HOLDING COMPANY, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDICAL ASSETS HOLDING COMPANY, LLC 401(K) PROFIT SHARING TRUST, MEDICAL ASSETS HOLDING COMPANY, LLC

MEDICAL ASSETS HOLDING COMPANY, LLCEIN 71-0820452Plan #001PY 2023

200 RIVER MARKET AVENUE, SUITE 100 - LITTLE ROCK, AR 72201501-406-6180mahc.netLinkedIn201-500 employeesventure capital & private equity

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$4.5M

-26.3% from 2022

Total participants

220

-6.4% from 2022

Average account balance

$34,712

-18.8% from 2022

Annual return

12.34%

+30.81 pp from 2022

Benchmarks

See 264 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants100-249

Cohort264 peers

Snapshot2023

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
ASCENSUS LLC6 years Service code 15 · EIN 11-3665754	Recordkeeping	$19,826
APTUS FINANCIAL LLC2 years Filed as: APTUS FINANCIAL. Service code 27 · EIN 85-4043378	Advisory (Plan)	$18,199
LANDMARK EQUITY ADVISORS LLC2 years Filed as: LANDMARK PUBLIC ACCOUNTANTS Service code 10 201 E MARKHAM ST · LITTLE ROCK, AR 72201	Accounting	$10,000
AVANTAX INSURANCE AGENCY LLC1 year Filed as: AVANTAX ADVISORY SERVICES Service code 27 · EIN 75-2176682	Advisory (Plan)	$5,828

Plan features & details

Pension benefit codes2A2E3D2G2J2K2F2T

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.
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

3 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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$51K

$372 / participant

Investment mgmt$21K41.9%
Contract admin$20K38.6%
Other / not subdivided$10K19.5%

% of EOY assets

1.146%

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: GARLAND AND GREENWOOD PLLC
Auditor EIN: 843828205
Audit fees: $10,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,712

$80,138-56.7%

$130,231-73.3%

$71,511-51.5%

Participation rate

34.1%

71.0%-36.9pp

76.3%-42.2pp

67.9%-33.9pp

Annual return

12.34%

16.81%-4.5pp

38.86%-26.5pp

28.86%-16.5pp

Employer contribution / active EE

$1,189

$2,834-58.0%

$4,126-71.2%

$2,589-54.1%

Participant deferral / active EE

$2,208

$4,641-52.4%

$6,799-67.5%

$4,291-48.5%

Admin fee / account holder

$398

$1,035-61.6%

$6,020-93.4%

$1,588-75.0%

Provider

Service type

Compensation

ASCENSUS LLC6 years

Service code 15 · EIN 11-3665754

Recordkeeping

$19,826

APTUS FINANCIAL LLC2 years

Filed as: APTUS FINANCIAL.

Service code 27 · EIN 85-4043378

Advisory (Plan)

$18,199

LANDMARK EQUITY ADVISORS LLC2 years

Filed as: LANDMARK PUBLIC ACCOUNTANTS

Service code 10

201 E MARKHAM ST · LITTLE ROCK, AR 72201

Accounting

$10,000

AVANTAX INSURANCE AGENCY LLC1 year

Filed as: AVANTAX ADVISORY SERVICES

Service code 27 · EIN 75-2176682

Advisory (Plan)

$5,828

MEDICAL ASSETS HOLDING COMPANY, LLC 401(K) PROFIT SHARING TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDICAL ASSETS HOLDING COMPANY, LLC 401(K) PROFIT SHARING 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