Retirement plan

HY PHUNG NGO, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN

Name: HY PHUNG NGO, INC. - HY PHUNG NGO, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN (2021) Form 5500
Creator: HY PHUNG NGO, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HY PHUNG NGO, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN, HY PHUNG NGO, INC.

HY PHUNG NGO, INC.EIN 01-0579845Plan #001PY 2021

625 E VALLEY BLVD. UNIT H, I - SAN GABRIEL, CA 91776626-237-0135LinkedIn11-50 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$1.4M assets

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1.6M

+27.3% from 2020

Total participants

+18.8% from 2020

Average account balance

$82,370

+7.2% from 2020

Annual return

14.76%

+1.85 pp from 2020

Benchmarks

See 103,228 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort103,228 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$2.32M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

156.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$227K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+14.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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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 codes2E2G2J3D

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.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,370

$217,402-62.1%

$185,823-55.7%

$167,490-50.8%

Participation rate

100.0%

86.0%+14.0pp

81.7%+18.3pp

82.1%+17.9pp

Annual return

14.76%

148.36%-133.6pp

122.05%-107.3pp

478.56%-463.8pp

Employer contribution / active EE

$5,755

$5,873-2.0%

$5,167+11.4%

$4,837+19.0%

Participant deferral / active EE

$8,235

$6,356+29.6%

$5,568+47.9%

$6,341+29.9%

Admin fee / account holder

$19,811-100.0%

$16,237-100.0%

$12,309-100.0%

HY PHUNG NGO, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

HY PHUNG NGO, INC. 401(K) SAFE HARBOR PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion