Retirement plan

INTERNAL MEDICINE OF MILFORD, P.C. SECTION 401(K) PROFIT SHARING PLAN

Name: INTERNAL MEDICINE OF MILFORD, P.C. - INTERNAL MEDICINE OF MILFORD, P.C. SECTION 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: INTERNAL MEDICINE OF MILFORD, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INTERNAL MEDICINE OF MILFORD, P.C. SECTION 401(K) PROFIT SHARING PLAN, INTERNAL MEDICINE OF MILFORD, P.C.

INTERNAL MEDICINE OF MILFORD, P.C.EIN 06-0889836Plan #001PY 2024

40 COMMERCE PARK - MILFORD, CT 064603506203-878-3531immct.comLinkedIn11-50 employeeshospital & health care

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$11.6M

+15.4% from 2023

Total participants

+12.8% from 2023

Average account balance

$236,808

+8.3% from 2023

Annual return

10.21%

-4.25 pp from 2023

Benchmarks

See 21,710 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,710 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.60M

Not enough data

1 years with asset history on file

Average account balance

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

$237K

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.

169.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$559K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+10.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$861

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 codes2E2G2J2R3D

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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$42K

$1455 / participant

Other / not subdivided$42K100.0%

% of EOY assets

0.364%

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

$236,808

$81,331+191.2%

$155,534+52.3%

$80,935+192.6%

Participation rate

86.2%

66.3%+20.0pp

78.2%+8.0pp

67.7%+18.5pp

Annual return

10.21%

33.37%-23.2pp

64.92%-54.7pp

35.66%-25.4pp

Employer contribution / active EE

$10,269

$3,105+230.8%

$4,675+119.7%

$2,757+272.5%

Participant deferral / active EE

$9,022

$3,454+161.2%

$5,630+60.2%

$4,299+109.8%

Admin fee / account holder

$861

$7,999-89.2%

$15,900-94.6%

$6,924-87.6%

INTERNAL MEDICINE OF MILFORD, P.C. SECTION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INTERNAL MEDICINE OF MILFORD, P.C. SECTION 401(K) PROFIT SHARING 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