Retirement plan

MEMORIALCARE MEDICAL GROUP SAVINGS AND RETIREMENT PLAN

Name: MEMORIALCARE MEDICAL GROUP - MEMORIALCARE MEDICAL GROUP SAVINGS AND RETIREMENT PLAN (2019) Form 5500
Creator: MEMORIALCARE MEDICAL GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MEMORIALCARE MEDICAL GROUP SAVINGS AND RETIREMENT PLAN, MEMORIALCARE MEDICAL GROUP

MEMORIALCARE MEDICAL GROUPEIN 95-2653450Plan #002PY 2019

17360 BROOKHURST ST., HUMAN RESOURCES DEPT - FOUNTAIN VALLEY, CA 92708714-665-1613LinkedIn501-1000 employeeshospital & health care

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$87.8M

+23.7% from 2018

Total participants

361

+4.9% from 2018

Average account balance

$273,600

+16.3% from 2018

Annual return

23.94%

+28.72 pp from 2018

Benchmarks

See 3,878 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,878 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$163.53M

Not enough data

1 years with asset history on file

Average account balance

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

$376K

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.

435

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.

89.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$10.66M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$30K

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

+16.84%

Not enough data

1 years with return on file

Admin fee / account holder

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

$484

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
CETERA ADVISOR NETWORKS LLC1 year Service code 27 200 N PACIFIC COAST HWY STE 1200 · EL SEGUNDO, CA 902455670	Advisory (Plan)	$49,081
LANCE SOLL & LUNGHARD LLP1 year Service code 10 203 N BREA BLVD STE 203 · BREA, CA 92821	Accounting	$16,500
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS. Service code 25 · EIN 82-4555287	Directed Trustee	$1,758

Plan features & details

Pension benefit codes2E2G2J2K2T3D

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.
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

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$67K

$241 / participant

Contract admin$67K100.0%

% of EOY assets

0.077%

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: LANCE, SOLL & LUNGHARD, LLP
Auditor EIN: 952700123
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$273,600

$62,928+334.8%

$172,753+58.4%

$67,582+304.8%

Participation rate

85.7%

64.5%+21.2pp

82.6%+3.0pp

71.3%+14.4pp

Annual return

23.94%

30.36%-6.4pp

803.00%-779.1pp

378.57%-354.6pp

Employer contribution / active EE

$7,809

$1,636+377.3%

$5,144+51.8%

$2,148+263.6%

Participant deferral / active EE

$15,472

$2,145+621.4%

$5,198+197.7%

$3,539+337.1%

Admin fee / account holder

$210

$167+25.9%

$13,956-98.5%

$142+47.4%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC1 year

Service code 27

200 N PACIFIC COAST HWY STE 1200 · EL SEGUNDO, CA 902455670

Advisory (Plan)

$49,081

LANCE SOLL & LUNGHARD LLP1 year

Service code 10

203 N BREA BLVD STE 203 · BREA, CA 92821

Accounting

$16,500

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS.

Service code 25 · EIN 82-4555287

Directed Trustee

$1,758

MEMORIALCARE MEDICAL GROUP SAVINGS AND RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MEMORIALCARE MEDICAL GROUP SAVINGS AND RETIREMENT 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