Retirement plan

INNOVA PSYCHIATRIC GROUP PROFIT SHARING 401K PLAN

Name: ADITYA SHARMA, PLLC DBA INNOVA PSYCHIATRIC GROUP - INNOVA PSYCHIATRIC GROUP PROFIT SHARING 401K PLAN (2022) Form 5500
Creator: ADITYA SHARMA, PLLC DBA INNOVA PSYCHIATRIC GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, INNOVA PSYCHIATRIC GROUP PROFIT SHARING 401K PLAN, ADITYA SHARMA, PLLC DBA INNOVA PSYCHIATRIC GROUP

ADITYA SHARMA, PLLC DBA INNOVA PSYCHIATRIC GROUPEIN 35-2663556Plan #001PY 2022

4510 MEDICAL CENTER DR SUITE 208 - MCKINNEY, TX 75069304-890-3166

Other plans on this EIN

1 filing

#002Retirement-$564K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$227K

+111.8% from 2021

Total participants

+10.0% from 2021

Average account balance

$22,675

+111.8% from 2021

Annual return

-18.01%

-18.01 pp from 2021

Benchmarks

See 105,966 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,966 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.70M

Not enough data

1 years with asset history on file

Average account balance

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

$106K

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

$147K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+17.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$531

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 codes2E2H2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$200

$20 / participant

Other / not subdivided$200100.0%

% of EOY assets

0.088%

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

$22,675

$167,352-86.5%

$143,788-84.2%

$134,509-83.1%

Participation rate

90.0%

84.8%+5.2pp

80.3%+9.7pp

81.2%+8.8pp

Annual return

-18.01%

0.47%-18.5pp

-0.03%-18.0pp

418.13%-436.1pp

Employer contribution / active EE

$5,783

$5,620+2.9%

$4,952+16.8%

$4,741+22.0%

Participant deferral / active EE

$8,115

$6,447+25.9%

$5,638+43.9%

$6,400+26.8%

Admin fee / account holder

$20

$18,091-99.9%

$14,675-99.9%

$11,427-99.8%

INNOVA PSYCHIATRIC GROUP PROFIT SHARING 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

INNOVA PSYCHIATRIC GROUP PROFIT SHARING 401K 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