Retirement plan

JOHN J. LIM, MD, SURGICAL ASSOCIATES OF MACOMB, PLC PROFIT SHARING PLAN

Name: JOHN J. LIM, MD - JOHN J. LIM, MD, SURGICAL ASSOCIATES OF MACOMB, PLC PROFIT SHARING PLAN (2020) Form 5500
Creator: JOHN J. LIM, MD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JOHN J. LIM, MD, SURGICAL ASSOCIATES OF MACOMB, PLC PROFIT SHARING PLAN, JOHN J. LIM, MD

JOHN J. LIM, MDEIN 38-3347200Plan #002PY 2020

43331 COMMONS DR - CLINTON TWP, MI 480381109586-263-5410samplc.netLinkedIn1-10 employeeshospital & health care

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$5.1M

+20.4% from 2019

Total participants

0.0% from 2019

Average account balance

$566,437

+20.4% from 2019

Annual return

14.38%

-7.47 pp from 2019

Benchmarks

See 102,091 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,091 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.88M

Not enough data

1 years with asset history on file

Average account balance

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

$697K

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.

140.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$110K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+10.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$14560

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 codes2E2F2T

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).
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$3K

$280 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.055%

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

$566,437

$209,422+170.5%

$178,503+217.3%

$158,982+256.3%

Participation rate

90.0%

86.4%+3.6pp

81.9%+8.1pp

82.0%+8.0pp

Annual return

14.38%

188.81%-174.4pp

151.12%-136.7pp

302.99%-288.6pp

Employer contribution / active EE

$15,890

$5,707+178.4%

$5,011+217.1%

$4,763+233.6%

Participant deferral / active EE

$9,549

$5,955+60.3%

$5,202+83.5%

$5,983+59.6%

Admin fee / account holder

$311

$17,079-98.2%

$13,987-97.8%

$11,252-97.2%

JOHN J. LIM, MD, SURGICAL ASSOCIATES OF MACOMB, PLC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JOHN J. LIM, MD, SURGICAL ASSOCIATES OF MACOMB, PLC 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