Retirement plan

MAUI MEDICAL GROUP, INC. 401(K) RETIREMENT SAVINGS PLAN

Name: THE MAUI MEDICAL GROUP, INC. - MAUI MEDICAL GROUP, INC. 401(K) RETIREMENT SAVINGS PLAN (2021) Form 5500
Creator: THE MAUI MEDICAL GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAUI MEDICAL GROUP, INC. 401(K) RETIREMENT SAVINGS PLAN, THE MAUI MEDICAL GROUP, INC.

THE MAUI MEDICAL GROUP, INC.EIN 99-0176859Plan #002PY 2021

2180 MAIN STREET - WAILUKU, HI 96793808-242-6464mauimedical.comLinkedIn201-500 employeeshospital & health care

Prospect flagsLow returns

Top hat statement on fileNQDC

Filed October 25, 1996

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$55.7M

+9.8% from 2020

Total participants

451

+4.2% from 2020

Average account balance

$123,493

+5.4% from 2020

Annual return

9.69%

-6.98 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

$58.15M

Not enough data

1 years with asset history on file

Average account balance

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

$126K

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.

462

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.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+14.73%

Not enough data

1 years with return on file

Admin fee / account holder

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

$147

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
CREATIVE PLANNING LLC2 years Filed as: CREATIVE PLANNING INC. Service code 71 3400 COLLEGE BLVD · OVERLAND PARK, KS 66211	Brokerage Fees	$49,414
LPL FINANCIAL1 year Service code 27 PO BOX 502533 · SAN DIEGO, CA 92150	Advisory (Plan)	$29,641
LPL FINANCIAL1 year Filed as: WADDELL & REID INC Service code 27 6300 LAMAR AVE · OVERLAND PARK, KS 66202	Advisory (Plan)	$16,896
CW ASSOCIATES6 years Filed as: CW ASSOCIATES, CPAS Service code 10 700 BISHOP STREET SUITE 1040 · HONOLULU, HI 96813	Accounting	$9,999
MERCER2 years Filed as: MERCER GLOBAL ADVISORS Service code 71 1801 E CABRILLO BLVD · SANTA BARBARA, CA 93108	Brokerage Fees	$8,056

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$29K

$101 / participant

Investment mgmt$28K97.0%
Other / not subdivided$8613.0%

% of EOY assets

0.052%

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: CW ASSOCIATES, CPAS
Auditor EIN: 261659234
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$123,493

$56,540+118.4%

$185,849-33.6%

$86,821+42.2%

Participation rate

100.0%

65.5%+34.5pp

81.7%+18.3pp

72.3%+27.7pp

Annual return

9.69%

118.20%-108.5pp

122.10%-112.4pp

97.94%-88.2pp

Employer contribution / active EE

$2,204

$1,844+19.5%

$5,169-57.4%

$2,406-8.4%

Participant deferral / active EE

$5,254

$2,555+105.6%

$5,569-5.7%

$4,132+27.2%

Admin fee / account holder

$64

$150-57.0%

$16,244-99.6%

$170-62.0%

Provider

Service type

Compensation

CREATIVE PLANNING LLC2 years

Filed as: CREATIVE PLANNING INC.

Service code 71

3400 COLLEGE BLVD · OVERLAND PARK, KS 66211

Brokerage Fees

$49,414

LPL FINANCIAL1 year

Service code 27

PO BOX 502533 · SAN DIEGO, CA 92150

Advisory (Plan)

$29,641

LPL FINANCIAL1 year

Filed as: WADDELL & REID INC

Service code 27

6300 LAMAR AVE · OVERLAND PARK, KS 66202

Advisory (Plan)

$16,896

CW ASSOCIATES6 years

Filed as: CW ASSOCIATES, CPAS

Service code 10

700 BISHOP STREET SUITE 1040 · HONOLULU, HI 96813

Accounting

$9,999

MERCER2 years

Filed as: MERCER GLOBAL ADVISORS

Service code 71

1801 E CABRILLO BLVD · SANTA BARBARA, CA 93108

Brokerage Fees

$8,056

MAUI MEDICAL GROUP, INC. 401(K) RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAUI MEDICAL GROUP, INC. 401(K) RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

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