Retirement plan

PACIFIC MEDICAL, INC. 401(K) PLAN

Name: PACIFIC MEDICAL, INC. - PACIFIC MEDICAL, INC. 401(K) PLAN (2017) Form 5500
Creator: PACIFIC MEDICAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PACIFIC MEDICAL, INC. 401(K) PLAN, PACIFIC MEDICAL, INC.

PACIFIC MEDICAL, INC.EIN 94-3170060Plan #001PY 2017

1700 N. CHRISMAN ROAD - TRACY, CA 95304800-726-9180pacificmedical.comLinkedIn201-500 employeesmedical devices

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$11.8M

+14.9% from 2016

Total participants

485

-3.0% from 2016

Average account balance

$60,374

+24.9% from 2016

Annual return

15.62%

+6.61 pp from 2016

Benchmarks

See 1,232 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,232 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$21.93M

Not enough data

1 years with asset history on file

Average account balance

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

$52K

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.

423

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.

88.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.99M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+14.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$231

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
ASCENSUS LLC3+ years Filed as: PORTICO WEALTH ADVISORS Service code 26 17 E. SIR FRANCIS DRAKE BLVD · LARKSPUR, CA 94939	Advisory (Participants)	$38,764
NEWPORT GROUP, INC.2 years Service code 13 · EIN 27-2037969	Contract Administrator	$12,044

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$51K

$115 / participant

Investment mgmt$39K76.3%
Contract admin$12K23.7%

% of EOY assets

0.432%

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: CAMPBELL TAYLOR & COMPANY
Auditor EIN: 680251243
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,374

$71,666-15.8%

$117,860-48.8%

$69,631-13.3%

Participation rate

34.4%

77.5%-43.1pp

79.7%-45.3pp

70.7%-36.3pp

Annual return

15.62%

18.86%-3.2pp

335.10%-319.5pp

27571.02%-27555.4pp

Employer contribution / active EE

$1,889-100.0%

$3,786-100.0%

$2,032-100.0%

Participant deferral / active EE

$1,815

$3,340-45.6%

$4,482-59.5%

$3,224-43.7%

Admin fee / account holder

$261

$120+116.5%

$8,021-96.8%

$110+135.9%

Provider

Service type

Compensation

ASCENSUS LLC3+ years

Filed as: PORTICO WEALTH ADVISORS

Service code 26

17 E. SIR FRANCIS DRAKE BLVD · LARKSPUR, CA 94939

Advisory (Participants)

$38,764

NEWPORT GROUP, INC.2 years

Service code 13 · EIN 27-2037969

Contract Administrator

$12,044

PACIFIC MEDICAL, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACIFIC MEDICAL, INC. 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