Retirement plan

MAP 401(K) PLAN

Name: MEDICAL ASSOCIATES PLUS - MAP 401(K) PLAN (2021) Form 5500
Creator: MEDICAL ASSOCIATES PLUS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAP 401(K) PLAN, MEDICAL ASSOCIATES PLUS

MEDICAL ASSOCIATES PLUSEIN 85-4195784Plan #002PY 2021

2467 GOLDEN CAMP RD - AUGUSTA, GA 30906706-922-1866mapbt.comLinkedIn1-10 employeeshospital & health care

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$1.9M

No prior year

Total participants

197

No prior year

Average account balance

$28,282

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 5,351 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,351 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.96M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

120

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.

36.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.19M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+20.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2489

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 2 by compensation

Provider	Service type	Compensation
FORRESTALL CPAS1+ years Service code 15 · EIN 58-2412540	Recordkeeping	$10,867
JOHN HANCOCK LIFE INSURANCE COMPANY1+ years Filed as: JOHN HANCOCK USA Service code 15 · EIN 01-0233346	Recordkeeping	$3,850

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$15K

$80 / participant

Investment mgmt$7104.6%
Contract admin$4K25.0%
Other / not subdivided$11K70.4%

% of EOY assets

0.826%

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: DRAFFIN-TUCKER, LLP
Auditor EIN: 581914992
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$28,282

$61,166-53.8%

$185,837-84.8%

$79,393-64.4%

Participation rate

31.8%

66.6%-34.9pp

81.7%-49.9pp

70.7%-38.9pp

Annual return

0.00%

19.45%-19.4pp

122.08%-122.1pp

116.87%-116.9pp

Employer contribution / active EE

$868

$2,321-62.6%

$5,168-83.2%

$2,428-64.3%

Participant deferral / active EE

$2,285

$2,789-18.1%

$5,568-59.0%

$4,046-43.5%

Admin fee / account holder

$234

$710-67.1%

$16,241-98.6%

$627-62.7%

Provider

Service type

Compensation

FORRESTALL CPAS1+ years

Service code 15 · EIN 58-2412540

Recordkeeping

$10,867

JOHN HANCOCK LIFE INSURANCE COMPANY1+ years

Filed as: JOHN HANCOCK USA

Service code 15 · EIN 01-0233346

Recordkeeping

$3,850

MAP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAP 401(K) 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