Retirement plan

TENAFLY PEDIATRICS, P.A. 401(K) PROFIT SHARING PLAN

Name: TENAFLY PEDIATRICS, P.A. - TENAFLY PEDIATRICS, P.A. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: TENAFLY PEDIATRICS, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TENAFLY PEDIATRICS, P.A. 401(K) PROFIT SHARING PLAN, TENAFLY PEDIATRICS, P.A.

TENAFLY PEDIATRICS, P.A.EIN 22-2306448Plan #002PY 2023

32 FRANKLIN STREET - TENAFLY, NJ 07670201-569-2400tenaflypediatrics.comLinkedIn11-50 employeesmedical practice

Prospect flagsHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$30.1M

+23.4% from 2022

Total participants

141

+18.5% from 2022

Average account balance

$252,862

+21.4% from 2022

Annual return

19.57%

+38.01 pp from 2022

Benchmarks

See 5,719 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,719 peers

Snapshot2023

See peer percentile detail. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$35.61M

Not enough data

1 years with asset history on file

Average account balance

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

$247K

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.

144

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.

98.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.39M

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

+15.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$216

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

1 years with F_SCH_H allocation on file

See the 10-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

Start for $4.99 See plans

Service providers

Top 1 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.1 year Filed as: NEWPORT GROUP, INC Service code 15 · EIN 27-2037969	Recordkeeping	$26,615

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$27K

$205 / participant

Contract admin$27K100.0%

% of EOY assets

0.088%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: GELTRUDE AND COMPANY, LLC
Auditor EIN: 223363665
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$252,862

$61,272+312.7%

$149,673+68.9%

$71,457+253.9%

Participation rate

83.1%

62.5%+20.6pp

78.8%+4.3pp

67.9%+15.2pp

Annual return

19.57%

35.85%-16.3pp

134.42%-114.8pp

28.85%-9.3pp

Employer contribution / active EE

$7,692

$2,378+223.4%

$4,818+59.7%

$2,588+197.3%

Participant deferral / active EE

$6,005

$2,917+105.9%

$5,680+5.7%

$4,289+40.0%

Admin fee / account holder

$224

$1,261-82.3%

$13,210-98.3%

$1,587-85.9%

Provider

Service type

Compensation

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT GROUP, INC

Service code 15 · EIN 27-2037969

Recordkeeping

$26,615

TENAFLY PEDIATRICS, P.A. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TENAFLY PEDIATRICS, P.A. 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