Retirement plan

MARGIOTTI & KROLL PEDIATRICS, P.C. 401(K) PROFIT SHARING PLAN

Name: MARGIOTTI & KROLL PEDIATRICS, P.C. - MARGIOTTI & KROLL PEDIATRICS, P.C. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: MARGIOTTI & KROLL PEDIATRICS, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARGIOTTI & KROLL PEDIATRICS, P.C. 401(K) PROFIT SHARING PLAN, MARGIOTTI & KROLL PEDIATRICS, P.C.

MARGIOTTI & KROLL PEDIATRICS, P.C.EIN 23-3045289Plan #001PY 2020

130 BUCK ROAD, SUITE 101 - UPPER HOLLAND, PA 18966215-364-5800mkpeds.comLinkedIn51-200 employeeshospital & health care

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$6.7M

+20.3% from 2019

Total participants

142

+2.2% from 2019

Average account balance

$47,402

+17.7% from 2019

Annual return

15.96%

-2.78 pp from 2019

Benchmarks

See 18,628 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,628 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.09M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

121

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.

97.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$506K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+10.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

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 codes2E2F2J2T3D

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).
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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: STELMACK DOBRANSKY & EANNACE, LLC
Auditor EIN: 251900686
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,402

$91,198-48.0%

$178,503-73.4%

$79,856-40.6%

Participation rate

100.0%

69.2%+30.8pp

81.9%+18.1pp

69.6%+30.4pp

Annual return

15.96%

24.20%-8.2pp

151.12%-135.2pp

31.71%-15.8pp

Employer contribution / active EE

$1,865

$3,257-42.7%

$5,011-62.8%

$2,471-24.5%

Participant deferral / active EE

$2,996

$3,237-7.4%

$5,202-42.4%

$3,741-19.9%

Admin fee / account holder

$6,748-100.0%

$13,987-100.0%

$5,306-100.0%

MARGIOTTI & KROLL PEDIATRICS, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MARGIOTTI & KROLL PEDIATRICS, P.C. 401(K) 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