Retirement plan

DR.JENNY Q LU MD LLC 401(K) PROFIT SHARING PLAN

Name: DR. JENNY Q. LU, MD, PLLC - DR.JENNY Q LU MD LLC 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: DR. JENNY Q. LU, MD, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DR.JENNY Q LU MD LLC 401(K) PROFIT SHARING PLAN, DR. JENNY Q. LU, MD, PLLC

DR. JENNY Q. LU, MD, PLLCEIN 26-3883459Plan #001PY 2022

75 CRYSTAL RUN ROAD - MIDDLETOWN, NY 10941845-692-3542LinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$3.0M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$594K

-10.1% from 2021

Total participants

+7.1% from 2021

Average account balance

$39,577

-16.1% from 2021

Annual return

-19.89%

-26.24 pp from 2021

Benchmarks

See 105,966 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,966 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$948K

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

212.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$82K

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

+14.47%

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

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 codes2E2F2G2J

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).
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.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

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

$39,577

$167,352-76.4%

$143,788-72.5%

$134,509-70.6%

Participation rate

100.0%

84.8%+15.2pp

80.3%+19.7pp

81.2%+18.8pp

Annual return

-19.89%

0.47%-20.4pp

-0.03%-19.9pp

418.13%-438.0pp

Employer contribution / active EE

$2,670

$5,620-52.5%

$4,952-46.1%

$4,741-43.7%

Participant deferral / active EE

$6,571

$6,447+1.9%

$5,638+16.6%

$6,400+2.7%

Admin fee / account holder

$18,091-100.0%

$14,675-100.0%

$11,427-100.0%

DR.JENNY Q LU MD LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

DR.JENNY Q LU MD LLC 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