Retirement plan

JOHN JARAD, MD, PC, FLEXIBLE 401(K) PROFIT SHARING PLAN

Name: PORT HURON INTERNAL MEDICINE ASSOCIATES - JOHN JARAD, MD, PC, FLEXIBLE 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: PORT HURON INTERNAL MEDICINE ASSOCIATES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JOHN JARAD, MD, PC, FLEXIBLE 401(K) PROFIT SHARING PLAN, PORT HURON INTERNAL MEDICINE ASSOCIATES

PORT HURON INTERNAL MEDICINE ASSOCIATESEIN 38-3469340Plan #001PY 2024

333 FORT STREET - PORT HURON, MI 48060810-987-2727bluewaterchamber.comLinkedIn11-50 employeesalternative dispute resolution

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$2.8M

+15.9% from 2023

Total participants

0.0% from 2023

Average account balance

$351,096

+15.9% from 2023

Annual return

10.41%

-0.11 pp from 2023

Benchmarks

See 109,210 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,210 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.81M

Not enough data

1 years with asset history on file

Average account balance

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

$351K

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

$134K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+10.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3475

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 codes2J

Plan features

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.

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

$28K

$3475 / participant

Other / not subdivided$28K100.0%

% of EOY assets

0.990%

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

$351,096

$183,539+91.3%

$155,556+125.7%

$145,897+140.6%

Participation rate

100.0%

82.7%+17.3pp

78.2%+21.8pp

80.3%+19.7pp

Annual return

10.41%

61.31%-50.9pp

64.84%-54.4pp

552.29%-541.9pp

Employer contribution / active EE

$4,377

$5,315-17.6%

$4,675-6.4%

$4,663-6.1%

Participant deferral / active EE

$12,337

$6,467+90.8%

$5,631+119.1%

$6,689+84.4%

Admin fee / account holder

$3,475

$19,275-82.0%

$15,885-78.1%

$13,390-74.0%

JOHN JARAD, MD, PC, FLEXIBLE 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JOHN JARAD, MD, PC, FLEXIBLE 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