Retirement plan

ACCF SERVICES/MEDAXIOM 401(K) RETIREMENT PLAN

Name: AMERICAN COLLEGE OF CARDIOLOGY - ACCF SERVICES MEDAXIOM - ACCF SERVICES/MEDAXIOM 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: AMERICAN COLLEGE OF CARDIOLOGY - ACCF SERVICES MEDAXIOM
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ACCF SERVICES/MEDAXIOM 401(K) RETIREMENT PLAN, AMERICAN COLLEGE OF CARDIOLOGY - ACCF SERVICES MEDAXIOM

AMERICAN COLLEGE OF CARDIOLOGY - ACCF SERVICES MEDAXIOMEIN 83-3513296Plan #001PY 2023

2400 N STREET NW - WASHINGTON, DC 20037202-375-6000

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.5M

+74.2% from 2022

Total participants

+22.9% from 2022

Average account balance

$67,153

+50.8% from 2022

Annual return

36.93%

+54.99 pp from 2022

Benchmarks

See 9,811 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,811 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.94M

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$938K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+16.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1377

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 codes2E2F2G2J2T

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.
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.

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

$106K

$1886 / participant

Other / not subdivided$106K100.0%

% of EOY assets

3.024%

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

$67,153

$57,305+17.2%

$86,640-22.5%

$75,173-10.7%

Participation rate

87.5%

63.2%+24.3pp

71.7%+15.8pp

67.2%+20.3pp

Annual return

36.93%

2674.24%-2637.3pp

592.52%-555.6pp

160.72%-123.8pp

Employer contribution / active EE

$8,513

$2,316+267.5%

$3,024+181.5%

$2,671+218.7%

Participant deferral / active EE

$6,691

$3,320+101.5%

$4,438+50.7%

$4,126+62.1%

Admin fee / account holder

$2,031

$4,116-50.7%

$5,616-63.8%

$5,651-64.1%

ACCF SERVICES/MEDAXIOM 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ACCF SERVICES/MEDAXIOM 401(K) RETIREMENT 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