Retirement plan

GARRETT S. FONG, D.M.D., INC. 401(K) PROFIT SHARING PLAN

Name: GARRETT S. FONG, D.M.D., INC. - GARRETT S. FONG, D.M.D., INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: GARRETT S. FONG, D.M.D., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GARRETT S. FONG, D.M.D., INC. 401(K) PROFIT SHARING PLAN, GARRETT S. FONG, D.M.D., INC.

GARRETT S. FONG, D.M.D., INC.EIN 27-0979921Plan #002PY 2023

620 W. LONGDEN AVENUE - ARCADIA, CA 91007626-447-6770

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$598K

+67.0% from 2022

Total participants

0.0% from 2022

Average account balance

$299,107

+67.0% from 2022

Annual return

53.36%

+16.49 pp from 2022

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

Total assets (EOY)

Plan-year ending balance

$856K

Not enough data

1 years with asset history on file

Average account balance

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

$285K

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.

75.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$49K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+34.90%

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 codes2E2J3D

Plan features

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

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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

$299,107

$175,231+70.7%

$149,696+99.8%

$139,466+114.5%

Participation rate

100.0%

83.4%+16.6pp

78.8%+21.2pp

80.3%+19.7pp

Annual return

53.36%

166.77%-113.4pp

134.46%-81.1pp

373.66%-320.3pp

Employer contribution / active EE

$6,936

$5,478+26.6%

$4,821+43.9%

$4,754+45.9%

Participant deferral / active EE

$17,500

$6,521+168.4%

$5,682+208.0%

$6,712+160.7%

Admin fee / account holder

$16,155-100.0%

$13,212-100.0%

$11,409-100.0%

GARRETT S. FONG, D.M.D., INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

GARRETT S. FONG, D.M.D., INC. 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