Retirement plan

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

Name: MEDICAL INTERPRETING TRAINING SCHOOL, INC. - MEDICAL INTERPRETING TRAINING SCHOOL, INC. 401(K) PLAN (2024) 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 2024

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

Other plans on this EIN

1 filing

#002Retirement-$912K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$229K

+49.8% from 2023

Total participants

+33.3% from 2023

Average account balance

$76,277

+49.8% from 2023

Annual return

35.20%

-23.66 pp from 2023

Benchmarks

See 19,441 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants<25

Cohort19,441 peers

Snapshot2024

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

$49K

$12178 / participant

Other / not subdivided$49K100.0%

% of EOY assets

21.288%

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

$76,277

$99,995-23.7%

$85,063-10.3%

$145,978-47.7%

Participation rate

75.0%

74.1%+0.9pp

67.5%+7.5pp

80.3%-5.3pp

Annual return

35.20%

83.99%-48.8pp

66.54%-31.3pp

550.52%-515.3pp

Employer contribution / active EE

$2,505

$3,231-22.5%

$2,727-8.1%

$4,662-46.3%

Participant deferral / active EE

$15,250

$5,295+188.0%

$4,523+237.2%

$6,690+128.0%

Admin fee / account holder

$16,238

$7,255+123.8%

$6,155+163.8%

$13,400+21.2%

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