Retirement plan

SCHWARZ & AMMIRATI MEDICAL ASSOCIATES PLLC PROFIT SHARING PLAN

Name: SCHWARZ & AMMIRATI MEDICAL ASSOCIATES PLLC - SCHWARZ & AMMIRATI MEDICAL ASSOCIATES PLLC PROFIT SHARING PLAN (2023) Form 5500
Creator: SCHWARZ & AMMIRATI MEDICAL ASSOCIATES PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCHWARZ & AMMIRATI MEDICAL ASSOCIATES PLLC PROFIT SHARING PLAN, SCHWARZ & AMMIRATI MEDICAL ASSOCIATES PLLC

SCHWARZ & AMMIRATI MEDICAL ASSOCIATES PLLCEIN 13-4064568Plan #001PY 2023

205 EAST 76TH STREET - NEW YORK, NY 10021212-472-4802hemorrhoidtreatmentnyc.comLinkedIn1-10 employees

Other plans on this EIN

1 filing

#002Retirement-$300K assets

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$6.1M

+6.4% from 2022

Total participants

+10.0% from 2022

Average account balance

$555,386

-3.2% from 2022

Annual return

4.56%

+24.89 pp from 2022

Benchmarks

See 108,045 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort108,045 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.04M

Not enough data

1 years with asset history on file

Average account balance

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

$1.6M

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

$110K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+20.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1760

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 codes2E2F2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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 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.

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

$555,386

$175,257+216.9%

$149,717+271.0%

$139,456+298.3%

Participation rate

100.0%

83.4%+16.6pp

78.8%+21.2pp

80.3%+19.7pp

Annual return

4.56%

166.70%-162.1pp

134.41%-129.8pp

373.45%-368.9pp

Employer contribution / active EE

$4,358

$5,477-20.4%

$4,820-9.6%

$4,753-8.3%

Participant deferral / active EE

$5,455

$6,521-16.4%

$5,682-4.0%

$6,711-18.7%

Admin fee / account holder

$16,156-100.0%

$13,213-100.0%

$11,407-100.0%

SCHWARZ & AMMIRATI MEDICAL ASSOCIATES PLLC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SCHWARZ & AMMIRATI MEDICAL ASSOCIATES PLLC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion