Retirement plan

MICHAEL J. BUSUITO,M.D.,P.C. PROFIT SHARING PLAN

Name: MICHAEL J. BUSUITO, M.D., P.C. - MICHAEL J. BUSUITO,M.D.,P.C. PROFIT SHARING PLAN (2018) Form 5500
Creator: MICHAEL J. BUSUITO, M.D., P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MICHAEL J. BUSUITO,M.D.,P.C. PROFIT SHARING PLAN, MICHAEL J. BUSUITO, M.D., P.C.

MICHAEL J. BUSUITO, M.D., P.C.EIN 38-2819025Plan #001PY 2018

1080 KIRTS, STE 700 - TROY, MI 48084248-362-2300

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$1.7M

-0.8% from 2017

Total participants

+11.1% from 2017

Average account balance

$169,718

-10.8% from 2017

Annual return

-5.91%

-17.61 pp from 2017

Benchmarks

See 105,563 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,563 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.98M

Not enough data

1 years with asset history on file

Average account balance

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

$234K

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.

130.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$174K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+12.77%

Not enough data

1 years with return on file

Admin fee / account holder

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

$171

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 codes2E2G2J2R

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.

Opportunity flags

0 tripped

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

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

$169,718

$180,466-6.0%

$154,114+10.1%

$135,382+25.4%

Participation rate

100.0%

87.4%+12.6pp

83.0%+17.0pp

82.6%+17.4pp

Annual return

-5.91%

888.15%-894.1pp

735.16%-741.1pp

519.77%-525.7pp

Employer contribution / active EE

$4,114

$6,035-31.8%

$5,298-22.3%

$4,779-13.9%

Participant deferral / active EE

$4,571

$5,806-21.3%

$5,081-10.0%

$5,609-18.5%

Admin fee / account holder

$16,144-100.0%

$13,411-100.0%

$10,829-100.0%

MICHAEL J. BUSUITO,M.D.,P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MICHAEL J. BUSUITO,M.D.,P.C. PROFIT SHARING 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