Retirement plan

MEDIGEST HEALTHCARE SERVICE LLC PROFIT SHARING PLAN

Name: MEDIGEST HEALTHCARE SERVICE LLC - MEDIGEST HEALTHCARE SERVICE LLC PROFIT SHARING PLAN (2023) Form 5500
Creator: MEDIGEST HEALTHCARE SERVICE LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDIGEST HEALTHCARE SERVICE LLC PROFIT SHARING PLAN, MEDIGEST HEALTHCARE SERVICE LLC

MEDIGEST HEALTHCARE SERVICE LLCEIN 82-3012827Plan #001PY 2023

1030 ST. GEORGES AVENUE, STE. 103A - AVENEL, NJ 070011330732-596-0155LinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$13K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$360K

-52.6% from 2022

Total participants

0.0% from 2022

Average account balance

$51,449

-52.6% from 2022

Annual return

11.69%

+28.66 pp from 2022

Benchmarks

See 108,045 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort108,045 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$359K

Not enough data

1 years with asset history on file

Average account balance

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

$60K

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.

300.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$24K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+2.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5590

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

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

$515K

$257500 / participant

Other / not subdivided$515K100.0%

% of EOY assets

142.999%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,449

$175,257-70.6%

$149,717-65.6%

$139,456-63.1%

Participation rate

100.0%

83.4%+16.6pp

78.8%+21.2pp

80.3%+19.7pp

Annual return

11.69%

166.70%-155.0pp

134.41%-122.7pp

373.45%-361.8pp

Employer contribution / active EE

$6,272

$5,477+14.5%

$4,820+30.1%

$4,753+32.0%

Participant deferral / active EE

$7,412

$6,521+13.7%

$5,682+30.4%

$6,711+10.4%

Admin fee / account holder

$73,571

$16,156+355.4%

$13,213+456.8%

$11,407+545.0%

MEDIGEST HEALTHCARE SERVICE LLC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDIGEST HEALTHCARE SERVICE LLC 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