Retirement plan

AKHIL SHARMA, M.D., INC. 401(K) PLAN

Name: AKHIL SHARMA, M.D., INC. - AKHIL SHARMA, M.D., INC. 401(K) PLAN (2022) Form 5500
Creator: AKHIL SHARMA, M.D., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AKHIL SHARMA, M.D., INC. 401(K) PLAN, AKHIL SHARMA, M.D., INC.

AKHIL SHARMA, M.D., INC.EIN 33-0983469Plan #003PY 2022

13054 MODOC CT. - APPLE VALLEY, CA 92308760-951-7722

Other plans on this EIN

2 filings

#002Retirement-$3.5M assets #001Retirement-$2.7M assets

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$149K

+130.9% from 2021

Total participants

+72.7% from 2021

Average account balance

$8,296

+28.3% from 2021

Annual return

-17.87%

-17.87 pp from 2021

Benchmarks

See 105,930 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,930 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$398K

Not enough data

1 years with asset history on file

Average account balance

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

$21K

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.

135.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$102K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$340

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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

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

$8,296

$167,353-95.0%

$143,797-94.2%

$134,545-93.8%

Participation rate

92.3%

84.8%+7.5pp

80.3%+12.0pp

81.2%+11.1pp

Annual return

-17.87%

0.48%-18.3pp

-0.04%-17.8pp

418.37%-436.2pp

Employer contribution / active EE

$1,270

$5,620-77.4%

$4,952-74.4%

$4,742-73.2%

Participant deferral / active EE

$6,130

$6,447-4.9%

$5,638+8.7%

$6,401-4.2%

Admin fee / account holder

$18,096-100.0%

$14,679-100.0%

$11,431-100.0%

AKHIL SHARMA, M.D., INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

AKHIL SHARMA, M.D., INC. 401(K) 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