Retirement plan

DANIEL N. SACKS, M.D., P.A. 401(K) PROFIT SHARING PLAN AND TRUST

Name: DANIEL N. SACKS, M.D., P.A. - DANIEL N. SACKS, M.D., P.A. 401(K) PROFIT SHARING PLAN AND TRUST (2016) Form 5500
Creator: DANIEL N. SACKS, M.D., P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DANIEL N. SACKS, M.D., P.A. 401(K) PROFIT SHARING PLAN AND TRUST, DANIEL N. SACKS, M.D., P.A.

DANIEL N. SACKS, M.D., P.A.EIN 20-1558281Plan #002PY 2016

P.O. BOX 223052 - WEST PALM BEACH, FL 33422561-228-1330palmbeachwellingtonwomenscare.comLinkedIn1-10 employees

Other plans on this EIN

1 filing

#001Retirement-$954K assets

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$225K

+38.0% from 2015

Total participants

0.0% from 2015

Average account balance

$44,908

+10.4% from 2015

Annual return

9.63%

+13.86 pp from 2015

Benchmarks

See 113,086 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort113,086 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$761K

Not enough data

1 years with asset history on file

Average account balance

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

$380K

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

$31K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+25.07%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1810

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

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$44,908

$135,956-67.0%

$123,894-63.8%

$273,972-83.6%

Participation rate

100.0%

84.1%+15.9pp

81.4%+18.6pp

83.0%+17.0pp

Annual return

9.63%

56.63%-47.0pp

47.52%-37.9pp

41.46%-31.8pp

Employer contribution / active EE

$2,554

$5,170-50.6%

$4,617-44.7%

$4,869-47.5%

Participant deferral / active EE

$9,000

$6,343+41.9%

$5,984+50.4%

$5,287+70.2%

Admin fee / account holder

$9,817-100.0%

$8,357-100.0%

$10,133-100.0%

DANIEL N. SACKS, M.D., P.A. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

DANIEL N. SACKS, M.D., P.A. 401(K) PROFIT SHARING PLAN AND TRUST

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