Retirement plan

MEDICAL REVIEW INSTITUTE OF AMERICA 401(K) PLAN

Name: MEDICAL REVIEW INSTITUTE OF AMERICA - MEDICAL REVIEW INSTITUTE OF AMERICA 401(K) PLAN (2017) Form 5500
Creator: MEDICAL REVIEW INSTITUTE OF AMERICA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDICAL REVIEW INSTITUTE OF AMERICA 401(K) PLAN, MEDICAL REVIEW INSTITUTE OF AMERICA

MEDICAL REVIEW INSTITUTE OF AMERICAEIN 87-0515201Plan #001PY 2017

2875 DECKER LAKE DRIVE, #300 - SALT LAKE CITY, UT 84119801-261-3003mrioa.comLinkedIn501-1000 employeeshospital & health care

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$7.8M

+30.9% from 2016

Total participants

166

+20.3% from 2016

Average account balance

$63,982

+10.5% from 2016

Annual return

16.57%

+12.55 pp from 2016

Benchmarks

See 2,201 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,201 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$24.75M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

587

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+15.04%

Not enough data

1 years with return on file

Admin fee / account holder

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

$196

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY2+ years Filed as: JOHN HANCOCK LIFE INS COMPANY Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$1,802

Plan features & details

Pension benefit codes2E2F2J2K3D2T

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).
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$39K

$255 / participant

Contract admin$1K3.5%
Other / not subdivided$38K96.5%

% of EOY assets

0.504%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: TERRY, PRICE & WUNDERLI, LLC
Auditor EIN: 202097679
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,982

$89,739-28.7%

$149,721-57.3%

$62,293+2.7%

Participation rate

71.4%

85.1%-13.7pp

87.1%-15.6pp

69.5%+1.9pp

Annual return

16.57%

21.01%-4.4pp

1501.67%-1485.1pp

28.90%-12.3pp

Employer contribution / active EE

$1,851

$3,233-42.8%

$5,444-66.0%

$2,042-9.4%

Participant deferral / active EE

$4,560

$4,797-5.0%

$6,568-30.6%

$3,169+43.9%

Admin fee / account holder

$322

$551-41.5%

$11,282-97.1%

$479-32.8%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY2+ years

Filed as: JOHN HANCOCK LIFE INS COMPANY

Service code 15 · EIN 01-0233346

P.O. BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$1,802

MEDICAL REVIEW INSTITUTE OF AMERICA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDICAL REVIEW INSTITUTE OF AMERICA 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