Retirement plan

LALITA PANDIT, M.D., INC. PROFIT SHARING 401(K) PLAN

Name: LALITA PANDIT, M.D., INC. - LALITA PANDIT, M.D., INC. PROFIT SHARING 401(K) PLAN (2019) Form 5500
Creator: LALITA PANDIT, M.D., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LALITA PANDIT, M.D., INC. PROFIT SHARING 401(K) PLAN, LALITA PANDIT, M.D., INC.

LALITA PANDIT, M.D., INC.EIN 33-1035337Plan #001PY 2019

11160 WARNER AVE., SUITE 417 - FOUNTAIN VALLEY, CA 927084056714-432-9200LinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$2.7M assets

Prospect flagsLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$857K

+32.6% from 2018

Total participants

+33.3% from 2018

Average account balance

$428,356

+32.6% from 2018

Annual return

22.44%

+17.01 pp from 2018

Benchmarks

See 104,301 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort104,301 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.74M

Not enough data

1 years with asset history on file

Average account balance

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

$174K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$114K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+21.81%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1832

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 codes2E2F2G2J3D

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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$428,356

$202,342+111.7%

$172,753+148.0%

$152,909+180.1%

Participation rate

14.3%

87.1%-72.8pp

82.6%-68.4pp

82.5%-68.2pp

Annual return

22.44%

1029.88%-1007.4pp

803.00%-780.6pp

345.46%-323.0pp

Employer contribution / active EE

$2,261

$5,857-61.4%

$5,144-56.1%

$4,764-52.5%

Participant deferral / active EE

$7,143

$5,948+20.1%

$5,198+37.4%

$5,851+22.1%

Admin fee / account holder

$17,112-100.0%

$13,956-100.0%

$11,601-100.0%

LALITA PANDIT, M.D., INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

LALITA PANDIT, M.D., INC. PROFIT SHARING 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