Retirement plan

MEDIC AMBULANCE SERVICE, INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: MEDIC AMBULANCE SERVICE, INC. - MEDIC AMBULANCE SERVICE, INC. 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: MEDIC AMBULANCE SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDIC AMBULANCE SERVICE, INC. 401(K) PROFIT SHARING PLAN & TRUST, MEDIC AMBULANCE SERVICE, INC.

MEDIC AMBULANCE SERVICE, INC.EIN 94-2725852Plan #001PY 2024

1001 TEXAS ST., SUITE C - FAIRFIELD, CA 94533916-564-9040medicambulance.netLinkedIn501-1000 employeeshospital & health care

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$11.4M

+29.5% from 2023

Total participants

354

+41.6% from 2023

Average account balance

$74,196

+18.5% from 2023

Annual return

21.78%

+3.73 pp from 2023

Benchmarks

See 4,117 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,117 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.43M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

154

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.

34.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$990K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+21.78%

Not enough data

1 years with return on file

Admin fee / account holder

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

$402

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 3 by compensation

Provider	Service type	Compensation
CAPFINANCIAL PARTNERS LLC4 years Filed as: CAPFINANCIAL PARTNERS, LLC Service code 27 · EIN 26-0058143 4208 SIX FORKS RD · RALEIGH, NC 27609	Advisory (Plan)	$44,563
AMERICAN FUNDS6 years Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$15,527
BENEFIT RESOURCES, INC.8 years Service code 13 · EIN 68-0198481 1545 RIVER PARK DR. · SACRAMENTO, CA 95815	Contract Administrator	$2,600

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$62K

$204 / participant

Recordkeeping$16K25.1%
Investment mgmt$45K72.0%
Contract admin$2K2.9%

% of EOY assets

0.542%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BFBA, LLP
Auditor EIN: 680000424
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,196

$50,919+45.7%

$155,556-52.3%

$77,762-4.6%

Participation rate

34.0%

63.1%-29.1pp

78.2%-44.2pp

70.6%-36.6pp

Annual return

21.78%

34.84%-13.1pp

64.84%-43.1pp

31.27%-9.5pp

Employer contribution / active EE

$1,243

$1,991-37.6%

$4,675-73.4%

$2,728-54.4%

Participant deferral / active EE

$2,024

$2,824-28.3%

$5,631-64.1%

$4,651-56.5%

Admin fee / account holder

$402

$437-8.0%

$15,885-97.5%

$433-7.2%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC4 years

Filed as: CAPFINANCIAL PARTNERS, LLC

Service code 27 · EIN 26-0058143

4208 SIX FORKS RD · RALEIGH, NC 27609

Advisory (Plan)

$44,563

AMERICAN FUNDS6 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$15,527

BENEFIT RESOURCES, INC.8 years

Service code 13 · EIN 68-0198481

1545 RIVER PARK DR. · SACRAMENTO, CA 95815

Contract Administrator

$2,600

MEDIC AMBULANCE SERVICE, INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDIC AMBULANCE SERVICE, INC. 401(K) PROFIT SHARING PLAN & TRUST

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