Retirement plan

PARK SLOPE VETERINARY CENTER PROFIT SHARING 401(K) PLAN

Name: PARK SLOPE VETERINARY CENTER - PARK SLOPE VETERINARY CENTER PROFIT SHARING 401(K) PLAN (2022) Form 5500
Creator: PARK SLOPE VETERINARY CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PARK SLOPE VETERINARY CENTER PROFIT SHARING 401(K) PLAN, PARK SLOPE VETERINARY CENTER

PARK SLOPE VETERINARY CENTEREIN 27-3044477Plan #001PY 2022

639 4TH AVENUE - BROOKLYN, NY 11215718-369-7387parkslopeveterinarycenter.vetstreet.comLinkedIn1-10 employeesveterinary

Other plans on this EIN

1 filing

#002Retirement-$387K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$690K

-14.6% from 2021

Total participants

+19.0% from 2021

Average account balance

$27,615

-28.3% from 2021

Annual return

-17.84%

-31.81 pp from 2021

Benchmarks

See 133,872 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort133,872 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.08M

Not enough data

1 years with asset history on file

Average account balance

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

$37K

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.

362.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$107K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+10.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$485

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 codes2E2J2F2G3D

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.
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

$18K

$2195 / participant

Other / not subdivided$18K100.0%

% of EOY assets

2.543%

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

$27,615

$138,102-80.0%

$125,381-78.0%

$134,532-79.5%

Participation rate

100.0%

84.5%+15.5pp

82.4%+17.6pp

81.2%+18.8pp

Annual return

-17.84%

750.73%-768.6pp

572.31%-590.2pp

418.27%-436.1pp

Employer contribution / active EE

$1,392

$5,245-73.5%

$4,815-71.1%

$4,741-70.6%

Participant deferral / active EE

$2,891

$7,801-62.9%

$7,448-61.2%

$6,401-54.8%

Admin fee / account holder

$702

$11,568-93.9%

$10,007-93.0%

$11,429-93.9%

PARK SLOPE VETERINARY CENTER PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PARK SLOPE VETERINARY CENTER PROFIT SHARING 401(K) 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