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 (2023) 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 2023

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

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.4M

+31.7% from 2022

Total participants

-23.5% from 2022

Average account balance

$150,401

+119.5% from 2022

Annual return

19.23%

+38.51 pp from 2022

Benchmarks

See 107,959 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,959 peers

Snapshot2023

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

2 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.)

Expense breakdown

Schedule H Part II

Admin total

$21K

$2302 / participant

Other / not subdivided$21K100.0%

% of EOY assets

1.531%

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

$150,401

$175,259-14.2%

$149,723+0.5%

$139,487+7.8%

Participation rate

55.6%

83.4%-27.8pp

78.8%-23.2pp

80.3%-24.8pp

Annual return

19.23%

166.82%-147.6pp

134.50%-115.3pp

373.84%-354.6pp

Employer contribution / active EE

$6,994

$5,478+27.7%

$4,821+45.1%

$4,755+47.1%

Participant deferral / active EE

$8,368

$6,522+28.3%

$5,682+47.3%

$6,713+24.7%

Admin fee / account holder

$2,302

$16,158-85.8%

$13,215-82.6%

$11,407-79.8%

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