Retirement plan

QUEENS MEDICAL OFFICE PC RETIREMENT PLAN

Name: QUEENS MEDICAL OFFICE, P.C. - QUEENS MEDICAL OFFICE PC RETIREMENT PLAN (2016) Form 5500
Creator: QUEENS MEDICAL OFFICE, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, QUEENS MEDICAL OFFICE PC RETIREMENT PLAN, QUEENS MEDICAL OFFICE, P.C.

QUEENS MEDICAL OFFICE, P.C.EIN 11-3405783Plan #002PY 2016

40-46 74TH STREET - ELMHURST, NY 11373718-458-1515queensmedicalnyc.comLinkedIn51-200 employeesmedical practice

Other plans on this EIN

1 filing

#003Retirement-$2.4M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.9M

+18.6% from 2015

Total participants

+19.6% from 2015

Average account balance

$44,388

+2.1% from 2015

Annual return

8.08%

+11.03 pp from 2015

Benchmarks

See 17,769 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort17,769 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.08M

Not enough data

1 years with asset history on file

Average account balance

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

$94K

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.

145.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$608K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+11.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6415

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 codes2D2E2G2J

Plan features

2D
Offset plan
Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
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.

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

$28K

$770 / participant

Other / not subdivided$28K100.0%

% of EOY assets

0.961%

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

$44,388

$77,638-42.8%

$156,551-71.6%

$62,881-29.4%

Participation rate

94.4%

71.2%+23.2pp

84.0%+10.4pp

69.3%+25.1pp

Annual return

8.08%

50.33%-42.2pp

32.23%-24.2pp

20.14%-12.1pp

Employer contribution / active EE

$3,332

$3,444-3.2%

$5,501-39.4%

$2,281+46.1%

Participant deferral / active EE

$4,521

$3,046+48.5%

$4,871-7.2%

$3,203+41.2%

Admin fee / account holder

$427

$5,561-92.3%

$13,028-96.7%

$4,296-90.1%

QUEENS MEDICAL OFFICE PC RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

QUEENS MEDICAL OFFICE PC RETIREMENT 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