Retirement plan

MEDICAL PARK FAMILY CARE, INC. 401(K) PROFIT SHARING PLAN

Name: MEDICAL PARK FAMILY CARE, INC. - MEDICAL PARK FAMILY CARE, INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: MEDICAL PARK FAMILY CARE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDICAL PARK FAMILY CARE, INC. 401(K) PROFIT SHARING PLAN, MEDICAL PARK FAMILY CARE, INC.

MEDICAL PARK FAMILY CARE, INC.EIN 92-0127473Plan #002PY 2020

2211 E. NORTHERN LIGHTS BLVD. - ANCHORAGE, AK 99508907-279-8486LinkedIn51-200 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8M

-14.5% from 2019

Total participants

-9.3% from 2019

Average account balance

$99,351

+13.9% from 2019

Annual return

11.08%

-7.80 pp from 2019

Benchmarks

See 18,628 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,628 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.33M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

139.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$679K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+11.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$36896

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 3 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES1 year Filed as: RAYMOND JAMES FINANCIAL SERVICES AD Service code 26 · EIN 59-2937883	Advisory (Participants)	$26,261
MASSACHUSETTS MUTUAL LIFE INS. CO.2 years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 15 · EIN 04-1590850	Recordkeeping	$20,065
PENSION PLAN SPECIALISTS, PC2 years Service code 10 · EIN 26-1570786	Accounting	$1,400

Plan features & details

Pension benefit codes2E2F2G2J3D2T

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

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

$48K

$589 / participant

Investment mgmt$26K55.0%
Contract admin$20K42.0%
Other / not subdivided$1K2.9%

% of EOY assets

0.593%

all-in expense ratio

Categories reported

2 / 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: ALTMAN, ROGERS & CO.
Auditor EIN: 920143182
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$99,351

$91,198+8.9%

$178,503-44.3%

$79,856+24.4%

Participation rate

79.0%

69.2%+9.8pp

81.9%-2.9pp

69.6%+9.4pp

Annual return

11.08%

24.20%-13.1pp

151.12%-140.0pp

31.71%-20.6pp

Employer contribution / active EE

$1,792

$3,257-45.0%

$5,011-64.2%

$2,471-27.5%

Participant deferral / active EE

$5,580

$3,237+72.4%

$5,202+7.3%

$3,741+49.2%

Admin fee / account holder

$589

$6,748-91.3%

$13,987-95.8%

$5,306-88.9%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES1 year

Filed as: RAYMOND JAMES FINANCIAL SERVICES AD

Service code 26 · EIN 59-2937883

Advisory (Participants)

$26,261

MASSACHUSETTS MUTUAL LIFE INS. CO.2 years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 15 · EIN 04-1590850

Recordkeeping

$20,065

PENSION PLAN SPECIALISTS, PC2 years

Service code 10 · EIN 26-1570786

Accounting

$1,400

MEDICAL PARK FAMILY CARE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDICAL PARK FAMILY CARE, INC. 401(K) PROFIT SHARING 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