Retirement plan

MEDICAL REVIEW INSTITUTE OF AMERICA 401(K) PLAN

Name: MEDICAL REVIEW INSTITUTE OF AMERICA - MEDICAL REVIEW INSTITUTE OF AMERICA 401(K) PLAN (2019) 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 2019

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

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$11.2M

+38.6% from 2018

Total participants

257

+25.4% from 2018

Average account balance

$44,921

-25.1% from 2018

Annual return

23.92%

+30.13 pp from 2018

Benchmarks

See 2,202 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,202 peers

Snapshot2019

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 4 by compensation

Provider	Service type	Compensation
WC ADMINISTRATORS, LLC1 year Service code 13 · EIN 20-1663072	Contract Administrator	$31,204
LEAFHOUSE FINANCIAL ADVISORS, LLC1 year Filed as: LEAFHOUSE FINANCIAL ADVIROS, LLC Service code 99 · EIN 26-4311657 6504 BRIDGE POINT PKWY #450 · AUSTIN, TX 78730	Other Fees	$3,546
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Service code 64 · EIN 84-0467907 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$3,421
JOHN HANCOCK LIFE INSURANCE COMPANY4+ years Filed as: JOHN HANCOCK LIFE INS COMPANY Service code 15 · EIN 01-0233346 P.O. BOX 600 · BUFFALO, NY 142010600	Recordkeeping	$585

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

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$19K

$84 / participant

Contract admin$6K34.4%
Other / not subdivided$12K65.6%

% of EOY assets

0.166%

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

$44,921

$98,982-54.6%

$162,177-72.3%

$65,185-31.1%

Participation rate

96.8%

85.8%+11.1pp

87.6%+9.3pp

70.2%+26.6pp

Annual return

23.92%

24.84%-0.9pp

115.60%-91.7pp

29.38%-5.5pp

Employer contribution / active EE

$2,606

$3,467-24.8%

$5,613-53.6%

$2,177+19.7%

Participant deferral / active EE

$5,923

$5,384+10.0%

$7,297-18.8%

$3,514+68.5%

Admin fee / account holder

$74

$596-87.5%

$10,843-99.3%

$847-91.2%

Provider

Service type

Compensation

WC ADMINISTRATORS, LLC1 year

Service code 13 · EIN 20-1663072

Contract Administrator

$31,204

LEAFHOUSE FINANCIAL ADVISORS, LLC1 year

Filed as: LEAFHOUSE FINANCIAL ADVIROS, LLC

Service code 99 · EIN 26-4311657

6504 BRIDGE POINT PKWY #450 · AUSTIN, TX 78730

Other Fees

$3,546

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Service code 64 · EIN 84-0467907

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$3,421

JOHN HANCOCK LIFE INSURANCE COMPANY4+ years

Filed as: JOHN HANCOCK LIFE INS COMPANY

Service code 15 · EIN 01-0233346

P.O. BOX 600 · BUFFALO, NY 142010600

Recordkeeping

$585

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