Retirement plan

KARI G. FRANO, D.O., PA 401(K) PLAN

Name: KARI G. FRANO, D.O. PA - KARI G. FRANO, D.O., PA 401(K) PLAN (2023) Form 5500
Creator: KARI G. FRANO, D.O. PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KARI G. FRANO, D.O., PA 401(K) PLAN, KARI G. FRANO, D.O. PA

KARI G. FRANO, D.O. PAEIN 01-0906743Plan #001PY 2023

616 ELM HILL BLVD - BURLESON, TX 760287669817-528-6201LinkedIn1-10 employeesmedical practice

Prospect flagsHigh feesLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$582K

+18.7% from 2022

Total participants

No prior year

Average account balance

$194,002

No prior year

Annual return

12.44%

+31.43 pp from 2022

Benchmarks

See 107,994 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,994 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$836K

Not enough data

1 years with asset history on file

Average account balance

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

$418K

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.

50.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$30K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.24%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1758

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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$24K

$7937 / participant

Other / not subdivided$24K100.0%

% of EOY assets

4.091%

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

$194,002

$175,231+10.7%

$149,696+29.6%

$139,466+39.1%

Participation rate

66.7%

83.4%-16.7pp

78.8%-12.1pp

80.3%-13.7pp

Annual return

12.44%

166.77%-154.3pp

134.46%-122.0pp

373.66%-361.2pp

Employer contribution / active EE

$3,524

$5,478-35.7%

$4,821-26.9%

$4,754-25.9%

Participant deferral / active EE

$6,687

$6,521+2.5%

$5,682+17.7%

$6,712-0.4%

Admin fee / account holder

$7,937

$16,155-50.9%

$13,212-39.9%

$11,409-30.4%

KARI G. FRANO, D.O., PA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KARI G. FRANO, D.O., PA 401(K) 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