Retirement plan

YHC WEALTH MANAGEMENT GROUP INC. 401(K) PROFIT SHARING PLAN

Name: YHC WEALTH MANAGEMENT GROUP INC. - YHC WEALTH MANAGEMENT GROUP INC. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: YHC WEALTH MANAGEMENT GROUP INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, YHC WEALTH MANAGEMENT GROUP INC. 401(K) PROFIT SHARING PLAN, YHC WEALTH MANAGEMENT GROUP INC.

YHC WEALTH MANAGEMENT GROUP INC.EIN 27-4595885Plan #001PY 2020

4675 MACARTHUR CT., STE. #450 - NEWPORT BEACH, CA 92660949-576-2372yhcwealth.comLinkedIn1-10 employeesfinancial services

Other plans on this EIN

1 filing

#002Retirement-$431K assets

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$582K

+40.4% from 2019

Total participants

0.0% from 2019

Average account balance

$116,452

+40.4% from 2019

Annual return

16.29%

-1.28 pp from 2019

Benchmarks

See 120,779 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort120,779 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.61M

Not enough data

1 years with asset history on file

Average account balance

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

$322K

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.

125.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$130K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$32K

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

+15.36%

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 codes2D2E2J3D

Plan features

2D
Offset plan
Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$116,452

$165,361-29.6%

$149,715-22.2%

$158,950-26.7%

Participation rate

100.0%

84.6%+15.4pp

82.5%+17.5pp

82.0%+18.0pp

Annual return

16.29%

348.24%-331.9pp

276.66%-260.4pp

302.91%-286.6pp

Employer contribution / active EE

$6,587

$5,103+29.1%

$4,645+41.8%

$4,762+38.3%

Participant deferral / active EE

$13,405

$7,182+86.7%

$6,842+95.9%

$5,983+124.1%

Admin fee / account holder

$10,808-100.0%

$9,310-100.0%

$11,248-100.0%

YHC WEALTH MANAGEMENT GROUP INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

YHC WEALTH MANAGEMENT GROUP 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