Retirement plan

MEDICAL LINEN SERVICES, INC. 401(K) PROFIT SHARING PLAN & TRUST

Name: MEDICAL LINEN SERVICES, INC. - MEDICAL LINEN SERVICES, INC. 401(K) PROFIT SHARING PLAN & TRUST (2018) Form 5500
Creator: MEDICAL LINEN SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEDICAL LINEN SERVICES, INC. 401(K) PROFIT SHARING PLAN & TRUST, MEDICAL LINEN SERVICES, INC.

MEDICAL LINEN SERVICES, INC.EIN 94-3140532Plan #001PY 2018

272 SOUTH MAPLE AVE - SOUTH SAN FRANCISCO, CA 94080650-873-1221LinkedIn1-10 employeesindividual & family services

Prospect flagsLow returnsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$599K

+4.8% from 2017

Total participants

109

-12.8% from 2017

Average account balance

$17,103

-1.2% from 2017

Annual return

-8.71%

-24.20 pp from 2017

Benchmarks

See 1,738 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,738 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.32M

Not enough data

1 years with asset history on file

Average account balance

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

$53K

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.

23.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$173K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1020

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 5 by compensation

Provider	Service type	Compensation
NATIONWIDE4+ years Service code 64 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping Fees	$7,703
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO Service code 22	Insurance Broker	$3,263
TRINITY PENSION GROUP, LLC4+ years Service code 13 · EIN 20-0235252 4196 MENDENHALL OAKS PARKWAY · HIGH POINT, NC 27265	Contract Administrator	$1,640
MORNINGSTAR1 year Filed as: MORNINGSTAR ASSOCIATES LLC Service code 22 5904 PAYSPHERE CIRCLE · CHICAGO, IL 60674	Insurance Broker	$0
WELLS FARGO BANK, N.A.4+ years Filed as: WELLS FARGO ADVISORS, LLC Service code 22 3 WACHOVIA CENTER · CHARLOTTE, NC 28288	Insurance Broker	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$2K

$18 / participant

Investment mgmt$2K100.0%

% of EOY assets

0.317%

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: AUDIT AND TAX SOLUTIONS, CPAS, INC.
Auditor EIN: 943211753
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$17,103

$44,873-61.9%

$79,476-78.5%

$56,287-69.6%

Participation rate

31.5%

68.7%-37.3pp

73.3%-41.9pp

69.9%-38.4pp

Annual return

-8.71%

0.81%-9.5pp

718.21%-726.9pp

-9.96%+1.2pp

Employer contribution / active EE

$525

$2,140-75.5%

$2,800-81.3%

$2,111-75.1%

Participant deferral / active EE

$852

$2,746-69.0%

$3,704-77.0%

$3,350-74.6%

Admin fee / account holder

$54

$418-87.0%

$5,113-98.9%

$521-89.6%

Provider

Service type

Compensation

NATIONWIDE4+ years

Service code 64

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping Fees

$7,703

WELLS FARGO BANK, N.A.3+ years

Filed as: WELLS FARGO

Service code 22

Insurance Broker

$3,263

TRINITY PENSION GROUP, LLC4+ years

Service code 13 · EIN 20-0235252

4196 MENDENHALL OAKS PARKWAY · HIGH POINT, NC 27265

Contract Administrator

$1,640

MORNINGSTAR1 year

Filed as: MORNINGSTAR ASSOCIATES LLC

Service code 22

5904 PAYSPHERE CIRCLE · CHICAGO, IL 60674

Insurance Broker

WELLS FARGO BANK, N.A.4+ years

Filed as: WELLS FARGO ADVISORS, LLC

Service code 22

3 WACHOVIA CENTER · CHARLOTTE, NC 28288

Insurance Broker

MEDICAL LINEN SERVICES, INC. 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEDICAL LINEN SERVICES, 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