Retirement plan

BARRY M. WILKES, M.D., P.C. EMPLOYEE SAVINGS PLAN

Name: BARRY M. WILKES, M.D., P.C. - BARRY M. WILKES, M.D., P.C. EMPLOYEE SAVINGS PLAN (2023) Form 5500
Creator: BARRY M. WILKES, M.D., P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BARRY M. WILKES, M.D., P.C. EMPLOYEE SAVINGS PLAN, BARRY M. WILKES, M.D., P.C.

BARRY M. WILKES, M.D., P.C.dba C/O NATHAN G. FINK, ESQ., L.L.C.EIN 11-2464353Plan #002PY 2023

470 NEW MILFORD AVENUE - ORADELL, NJ 07649201-967-9116

Other plans on this EIN

1 filing

#001Retirement-$4.2M assets

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$796K

+18.2% from 2022

Total participants

+50.0% from 2022

Average account balance

$265,271

-21.2% from 2022

Annual return

9.21%

+13.22 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

$854K

Not enough data

1 years with asset history on file

Average account balance

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

$285K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+6.55%

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

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$66

$22 / participant

Other / not subdivided$66100.0%

% of EOY assets

0.008%

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

$265,271

$175,259+51.4%

$149,723+77.2%

$139,487+90.2%

Participation rate

100.0%

83.4%+16.6pp

78.8%+21.2pp

80.3%+19.7pp

Annual return

9.21%

166.82%-157.6pp

134.50%-125.3pp

373.84%-364.6pp

Employer contribution / active EE

$11,200

$5,478+104.4%

$4,821+132.3%

$4,755+135.6%

Participant deferral / active EE

$9,000

$6,522+38.0%

$5,682+58.4%

$6,713+34.1%

Admin fee / account holder

$22

$16,158-99.9%

$13,215-99.8%

$11,407-99.8%

BARRY M. WILKES, M.D., P.C. EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BARRY M. WILKES, M.D., P.C. EMPLOYEE SAVINGS 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