Retirement plan

EUGENE MERECKI, MD, PC PROFIT SHARING/401(K) PLAN

Name: EUGENE MERECKI, MD, PC - EUGENE MERECKI, MD, PC PROFIT SHARING/401(K) PLAN (2021) Form 5500
Creator: EUGENE MERECKI, MD, PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EUGENE MERECKI, MD, PC PROFIT SHARING/401(K) PLAN, EUGENE MERECKI, MD, PC

EUGENE MERECKI, MD, PCEIN 03-0488589Plan #001PY 2021

6 MEDICAL PARK DRIVE, SUITE 208 - MALTA, NY 120205053518-899-2632

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.1M

-9.7% from 2020

Total participants

-5.3% from 2020

Average account balance

$74,651

+14.4% from 2020

Annual return

17.85%

-3.99 pp from 2020

Benchmarks

See 103,184 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort103,184 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.70M

Not enough data

1 years with asset history on file

Average account balance

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

$189K

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.

128.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$127K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+16.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1516

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 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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$470K

$39165 / participant

Other / not subdivided$470K100.0%

% of EOY assets

41.971%

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

$74,651

$217,432-65.7%

$185,849-59.8%

$167,536-55.4%

Participation rate

75.0%

86.1%-11.1pp

81.7%-6.7pp

82.1%-7.1pp

Annual return

17.85%

148.42%-130.6pp

122.10%-104.2pp

478.82%-461.0pp

Employer contribution / active EE

$4,733

$5,875-19.4%

$5,169-8.4%

$4,839-2.2%

Participant deferral / active EE

$5,937

$6,357-6.6%

$5,569+6.6%

$6,342-6.4%

Admin fee / account holder

$31,332

$19,818+58.1%

$16,244+92.9%

$12,315+154.4%

EUGENE MERECKI, MD, PC PROFIT SHARING/401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EUGENE MERECKI, MD, PC PROFIT SHARING/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