Retirement plan

MEDICAL INTERPRETING TRAINING SCHOOL, INC. 401(K) PLAN

Name: MEDICAL INTERPRETING TRAINING SCHOOL, INC. - MEDICAL INTERPRETING TRAINING SCHOOL, INC. 401(K) PLAN (2023) Form 5500
Creator: MEDICAL INTERPRETING TRAINING SCHOOL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDICAL INTERPRETING TRAINING SCHOOL, INC. 401(K) PLAN, MEDICAL INTERPRETING TRAINING SCHOOL, INC.

MEDICAL INTERPRETING TRAINING SCHOOL, INC.EIN 86-2864971Plan #001PY 2023

1812 W BURBANK BLVD NUM 414 - BURBANK, CA 91506818-465-8425

Other plans on this EIN

1 filing

#002Retirement-$569K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$153K

+136.4% from 2022

Total participants

0.0% from 2022

Average account balance

$50,917

+136.4% from 2022

Annual return

58.86%

+124.32 pp from 2022

Benchmarks

See 18,480 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort18,480 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$229K

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

75.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$71K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+35.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$16238

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

$18K

$5833 / participant

Other / not subdivided$18K100.0%

% of EOY assets

11.456%

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

$50,917

$96,388-47.2%

$80,627-36.8%

$139,466-63.5%

Participation rate

100.0%

73.6%+26.4pp

67.0%+33.0pp

80.3%+19.7pp

Annual return

58.86%

1352.08%-1293.2pp

936.76%-877.9pp

373.66%-314.8pp

Employer contribution / active EE

$2,531

$3,260-22.4%

$2,723-7.0%

$4,754-46.8%

Participant deferral / active EE

$20,000

$5,224+282.8%

$4,443+350.2%

$6,712+198.0%

Admin fee / account holder

$5,833

$6,603-11.7%

$5,381+8.4%

$11,409-48.9%

MEDICAL INTERPRETING TRAINING SCHOOL, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDICAL INTERPRETING TRAINING SCHOOL, INC. 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