Retirement plan

MILFORD ANESTHESIA CONSULTANTS 401K RETIREMENT PLA

Name: MILFORD ANESTHESIA CONSULTANTS PC (MACPC) - MILFORD ANESTHESIA CONSULTANTS 401K RETIREMENT PLA (2023) Form 5500
Creator: MILFORD ANESTHESIA CONSULTANTS PC (MACPC)
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILFORD ANESTHESIA CONSULTANTS 401K RETIREMENT PLA, MILFORD ANESTHESIA CONSULTANTS PC (MACPC)

MILFORD ANESTHESIA CONSULTANTS PC (MACPC)EIN 84-4973928Plan #001PY 2023

117 WATER STREET, SUITE 205 - MILFORD, MA 017573036508-902-9705

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$15.7M

+29.5% from 2022

Total participants

+17.2% from 2022

Average account balance

$462,110

+10.5% from 2022

Annual return

19.22%

+35.55 pp from 2022

Benchmarks

See 20,804 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,804 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.76M

Not enough data

1 years with asset history on file

Average account balance

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

$660K

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.

109.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.82M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$55K

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

+18.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7572

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 codes2E2F2G2J3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$301K

$9725 / participant

Other / not subdivided$301K100.0%

% of EOY assets

1.919%

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

$462,110

$77,901+493.2%

$149,717+208.7%

$75,181+514.7%

Participation rate

100.0%

65.6%+34.4pp

78.8%+21.2pp

67.2%+32.8pp

Annual return

19.22%

31.73%-12.5pp

134.41%-115.2pp

160.69%-141.5pp

Employer contribution / active EE

$34,260

$3,137+992.0%

$4,820+610.8%

$2,671+1182.9%

Participant deferral / active EE

$15,707

$3,411+360.5%

$5,682+176.4%

$4,126+280.7%

Admin fee / account holder

$8,867

$5,949+49.0%

$13,213-32.9%

$5,650+56.9%

MILFORD ANESTHESIA CONSULTANTS 401K RETIREMENT PLA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILFORD ANESTHESIA CONSULTANTS 401K RETIREMENT PLA

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