Retirement plan

401K PROFIT SHARING PLAN FOR EMPLOYEES OF MEDAMERICA

Name: VITUITY - 401K PROFIT SHARING PLAN FOR EMPLOYEES OF MEDAMERICA (2019) Form 5500
Creator: VITUITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 401K PROFIT SHARING PLAN FOR EMPLOYEES OF MEDAMERICA, VITUITY

VITUITYEIN 94-2629764Plan #013PY 2019

2100 POWELL STREET, SUITE 400 - EMERYVILLE, CA 94608510-350-2720

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1201.3M

-20.6% from 2016

Total participants

5,393

-26.0% from 2016

Average account balance

$222,755

+7.3% from 2016

Annual return

20.65%

-17.16 pp from 2016

Benchmarks

See 1,326 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,326 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.16B

Not enough data

1 years with asset history on file

Average account balance

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

$263K

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.

8,222

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$179.83M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+15.37%

Not enough data

1 years with return on file

Admin fee / account holder

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

$362

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 2 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.5+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES Service code 21 · EIN 34-1479833	Bank Trustee	$2,133,363
MEDAMERICA FINANCIAL SERVICES5+ years Service code 14 · EIN 91-2008721	Plan Administrator	$1,470,581

Plan features & details

Pension benefit codes3B3H2E2G2J2K2R

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$3.6M

$960 / participant

Investment mgmt$2M52.7%
Contract admin$2M47.3%

% of EOY assets

0.301%

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: BPM, LLC
Auditor EIN: 814234542
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$222,755

$47,456+369.4%

$172,757+28.9%

$77,775+186.4%

Participation rate

100.0%

66.3%+33.7pp

82.6%+17.4pp

73.2%+26.8pp

Annual return

20.65%

35.57%-14.9pp

803.06%-782.4pp

32.58%-11.9pp

Employer contribution / active EE

$14,482

$1,574+820.0%

$5,144+181.5%

$2,504+478.4%

Participant deferral / active EE

$11,942

$2,560+366.6%

$5,198+129.7%

$3,966+201.1%

Admin fee / account holder

$671

$81+729.9%

$13,956-95.2%

$100+570.4%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.5+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES

Service code 21 · EIN 34-1479833

Bank Trustee

$2,133,363

MEDAMERICA FINANCIAL SERVICES5+ years

Service code 14 · EIN 91-2008721

Plan Administrator

$1,470,581

401K PROFIT SHARING PLAN FOR EMPLOYEES OF MEDAMERICA

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

401K PROFIT SHARING PLAN FOR EMPLOYEES OF MEDAMERICA

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