Retirement plan

OFER J. SHUSTIK, MD, PC 401K PLAN

Name: OFER J. SHUSTIK, MD, PC - OFER J. SHUSTIK, MD, PC 401K PLAN (2023) Form 5500
Creator: OFER J. SHUSTIK, MD, PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OFER J. SHUSTIK, MD, PC 401K PLAN, OFER J. SHUSTIK, MD, PC

OFER J. SHUSTIK, MD, PCEIN 23-2957877Plan #001PY 2023

1411 N FLAGLER DRIVE, SUITE 7000 - WEST PALM BEACH, FL 33401610-751-6500

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.1M

No prior year

Total participants

No prior year

Average account balance

$188,549

No prior year

Annual return

15.95%

No prior year

Benchmarks

See 107,994 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,994 peers

Snapshot2023

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

Analytics

Less than 3 years of history available for this plan

We'll show a chart here once at least 3 consecutive filings are on record.

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 codes2A2E2J3D

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.
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

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

$9K

$1528 / participant

Other / not subdivided$9K100.0%

% of EOY assets

0.811%

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

$188,549

$175,231+7.6%

$149,696+26.0%

$139,466+35.2%

Participation rate

100.0%

83.4%+16.6pp

78.8%+21.2pp

80.3%+19.7pp

Annual return

15.95%

166.77%-150.8pp

134.46%-118.5pp

373.66%-357.7pp

Employer contribution / active EE

$9,920

$5,478+81.1%

$4,821+105.8%

$4,754+108.7%

Participant deferral / active EE

$12,500

$6,521+91.7%

$5,682+120.0%

$6,712+86.2%

Admin fee / account holder

$1,528

$16,155-90.5%

$13,212-88.4%

$11,409-86.6%

OFER J. SHUSTIK, MD, PC 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OFER J. SHUSTIK, MD, PC 401K 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