Retirement plan

MAZEN MAHJOUB MD, INC. 401(K) PROFIT SHARING PLAN

Name: MAZEN MAHJOUB MD, INC. - MAZEN MAHJOUB MD, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: MAZEN MAHJOUB MD, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MAZEN MAHJOUB MD, INC. 401(K) PROFIT SHARING PLAN, MAZEN MAHJOUB MD, INC.

MAZEN MAHJOUB MD, INC.EIN 34-1909304Plan #001PY 2023

9375 EAST MARKET STREET, SUITE 3 - WARREN, OH 44484330-392-0100yelp.com/biz/mahjoub-mazen-md-warrenLinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#004Retirement-$1.6M assets

Prospect flagsLow participationHigh assets / participant

How to read this page

Total assets (EOY)

$3.1M

+14.9% from 2022

Total participants

-27.8% from 2022

Average account balance

$347,976

+117.1% from 2022

Annual return

12.11%

+20.42 pp from 2022

Benchmarks

See 108,045 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort108,045 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.13M

Not enough data

1 years with asset history on file

Average account balance

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

$229K

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.

180.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$80K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+13.15%

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 codes2E2G2J2R3D

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Expense breakdown

Schedule H Part II

Admin total

$59

$5 / participant

Other / not subdivided$59100.0%

% of EOY assets

0.002%

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

$347,976

$175,257+98.6%

$149,717+132.4%

$139,456+149.5%

Participation rate

63.6%

83.4%-19.8pp

78.8%-15.1pp

80.3%-16.7pp

Annual return

12.11%

166.70%-154.6pp

134.41%-122.3pp

373.45%-361.3pp

Employer contribution / active EE

$1,677

$5,477-69.4%

$4,820-65.2%

$4,753-64.7%

Participant deferral / active EE

$5,273

$6,521-19.1%

$5,682-7.2%

$6,711-21.4%

Admin fee / account holder

$16,156-100.0%

$13,213-100.0%

$11,407-99.9%

MAZEN MAHJOUB MD, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MAZEN MAHJOUB MD, INC. 401(K) PROFIT SHARING 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