Retirement plan

GARCIA LEE AND CONCEPCION MEDI 401(K) PROFIT SHARING PLAN & TRUST

Name: GARCIA LEE AND CONCEPCION MEDI - GARCIA LEE AND CONCEPCION MEDI 401(K) PROFIT SHARING PLAN & TRUST (2020) Form 5500
Creator: GARCIA LEE AND CONCEPCION MEDI
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GARCIA LEE AND CONCEPCION MEDI 401(K) PROFIT SHARING PLAN & TRUST, GARCIA LEE AND CONCEPCION MEDI

GARCIA LEE AND CONCEPCION MEDIEIN 94-3267777Plan #001PY 2020

7248 S LAND PARK DR, STE 100 - SACRAMENTO, CA 95831916-292-4000

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$4.1M

+24.8% from 2019

Total participants

113

+8.7% from 2019

Average account balance

$45,260

+5.6% from 2019

Annual return

16.60%

-7.24 pp from 2019

Benchmarks

See 18,636 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,636 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.46M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

112.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$421K

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

+13.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9013

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

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$35K

$435 / participant

Other / not subdivided$35K100.0%

% of EOY assets

0.856%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,260

$91,167-50.4%

$178,498-74.6%

$79,858-43.3%

Participation rate

72.8%

69.2%+3.6pp

81.9%-9.1pp

69.6%+3.2pp

Annual return

16.60%

24.19%-7.6pp

151.09%-134.5pp

31.72%-15.1pp

Employer contribution / active EE

$1,092

$3,255-66.5%

$5,011-78.2%

$2,471-55.8%

Participant deferral / active EE

$2,397

$3,236-25.9%

$5,202-53.9%

$3,740-35.9%

Admin fee / account holder

$388

$6,747-94.3%

$13,985-97.2%

$5,306-92.7%

GARCIA LEE AND CONCEPCION MEDI 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GARCIA LEE AND CONCEPCION MEDI 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