Retirement plan

T. JOHN MEGAS, JR., D.M.D. 401(K) PLAN AND TRUST

Name: T. JOHN MEGAS, JR., D.M.D., P.C. - T. JOHN MEGAS, JR., D.M.D. 401(K) PLAN AND TRUST (2024) Form 5500
Creator: T. JOHN MEGAS, JR., D.M.D., P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, T. JOHN MEGAS, JR., D.M.D. 401(K) PLAN AND TRUST, T. JOHN MEGAS, JR., D.M.D., P.C.

T. JOHN MEGAS, JR., D.M.D., P.C.EIN 36-4800921Plan #001PY 2024

299 CAREW STREET - SPRINGFIELD, MA 01104413-788-9058drmegas.comLinkedIn1-10 employeesmedical practice

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$8.5M

+10.9% from 2023

Total participants

+10.0% from 2023

Average account balance

$770,151

+0.8% from 2023

Annual return

8.79%

+3.87 pp from 2023

Benchmarks

See 109,510 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,510 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.47M

Not enough data

1 years with asset history on file

Average account balance

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

$770K

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

$163K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+8.79%

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 codes2E2J3D

Plan features

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

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

$770,151

$183,627+319.4%

$155,602+394.9%

$145,978+427.6%

Participation rate

100.0%

82.7%+17.3pp

78.2%+21.8pp

80.3%+19.7pp

Annual return

8.79%

61.32%-52.5pp

64.81%-56.0pp

550.52%-541.7pp

Employer contribution / active EE

$8,569

$5,316+61.2%

$4,675+83.3%

$4,662+83.8%

Participant deferral / active EE

$6,286

$6,466-2.8%

$5,629+11.7%

$6,690-6.0%

Admin fee / account holder

$19,327-100.0%

$15,923-100.0%

$13,400-100.0%

T. JOHN MEGAS, JR., D.M.D. 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

T. JOHN MEGAS, JR., D.M.D. 401(K) PLAN AND TRUST

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