Retirement plan

MEMORIALCARE MEDICAL GROUP SAVINGS AND RETIREMENT PLAN

Name: MEMORIALCARE MEDICAL GROUP - MEMORIALCARE MEDICAL GROUP SAVINGS AND RETIREMENT PLAN (2021) 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 2021

17360 BROOKHURST ST., HUMAN RESOURCES DEPT - FOUNTAIN VALLEY, CA 92708866-888-7062LinkedIn501-1000 employeeshospital & health care

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$136.4M

+20.8% from 2020

Total participants

390

+8.6% from 2020

Average account balance

$367,779

+10.7% from 2020

Annual return

17.04%

-6.37 pp from 2020

Benchmarks

See 3,799 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,799 peers

Snapshot2021

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 Filed as: CETURA ADVISOR NETWORKS LLC Service code 27 200 N PACIFIC COAST HWY STE 1200 · EL SEGUNDO, CA 902455670	Advisory (Plan)	$142,899
LANCE SOLL & LUNGHARD LLP2 years Filed as: LANCE SOLL & LUNGRARD LLP Service code 10 203 N BREA BLVD STE 203 · BREA, CA 92821	Accounting	$10,000
AMERICAN FUNDS3 years Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS. Service code 25 · EIN 82-4555287	Directed Trustee	$2,325

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$156K

$524 / participant

Contract admin$156K100.0%

% of EOY assets

0.114%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$367,779

$56,540+550.5%

$185,851+97.9%

$86,821+323.6%

Participation rate

93.6%

65.5%+28.1pp

81.7%+11.9pp

72.3%+21.3pp

Annual return

17.04%

118.20%-101.2pp

122.11%-105.1pp

97.94%-80.9pp

Employer contribution / active EE

$8,593

$1,844+365.9%

$5,168+66.3%

$2,406+257.2%

Participant deferral / active EE

$17,494

$2,555+584.6%

$5,569+214.2%

$4,132+323.4%

Admin fee / account holder

$419

$150+180.3%

$16,245-97.4%

$170+147.4%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC1 year

Filed as: CETURA ADVISOR NETWORKS LLC

Service code 27

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

Advisory (Plan)

$142,899

LANCE SOLL & LUNGHARD LLP2 years

Filed as: LANCE SOLL & LUNGRARD LLP

Service code 10

203 N BREA BLVD STE 203 · BREA, CA 92821

Accounting

$10,000

AMERICAN FUNDS3 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS.

Service code 25 · EIN 82-4555287

Directed Trustee

$2,325

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