Retirement plan

CENTER FOR DIAGNOSIS & TREATMENT, LLC 401(K) PROFIT SHARING PLAN

Name: CENTER FOR DIAGNOSIS & TREATMENT LLC - CENTER FOR DIAGNOSIS & TREATMENT, LLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: CENTER FOR DIAGNOSIS & TREATMENT LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CENTER FOR DIAGNOSIS & TREATMENT, LLC 401(K) PROFIT SHARING PLAN, CENTER FOR DIAGNOSIS & TREATMENT LLC

CENTER FOR DIAGNOSIS & TREATMENT LLCEIN 20-1760960Plan #001PY 2022

624 NEWARK AVENUE - ELIZABETH, NJ 07208908-353-3626LinkedIn11-50 employeesmedical practice

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.2M

-35.0% from 2021

Total participants

-15.4% from 2021

Average account balance

$57,013

-22.6% from 2021

Annual return

-17.13%

-26.59 pp from 2021

Benchmarks

See 39,277 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort39,277 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.08M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

200.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$29K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$377

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 codes2E2J2G3D

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

Expense breakdown

Schedule H Part II

Admin total

$386K

$27542 / participant

Other / not subdivided$386K100.0%

% of EOY assets

32.206%

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

$57,013

$92,766-38.5%

$82,763-31.1%

$134,545-57.6%

Participation rate

92.9%

75.2%+17.7pp

72.6%+20.3pp

81.2%+11.6pp

Annual return

-17.13%

946.97%-964.1pp

702.45%-719.6pp

418.37%-435.5pp

Employer contribution / active EE

$1,145

$3,273-65.0%

$3,008-61.9%

$4,742-75.8%

Participant deferral / active EE

$1,835

$4,802-61.8%

$4,395-58.3%

$6,401-71.3%

Admin fee / account holder

$18,361

$5,978+207.2%

$5,325+244.8%

$11,431+60.6%

CENTER FOR DIAGNOSIS & TREATMENT, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CENTER FOR DIAGNOSIS & TREATMENT, LLC 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