Retirement plan

ALKA D AGGARWAL MD PC CASH BALANCE PLAN

Name: ALKA D AGGARWAL MD PC - ALKA D AGGARWAL MD PC CASH BALANCE PLAN (2023) Form 5500
Creator: ALKA D AGGARWAL MD PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ALKA D AGGARWAL MD PC CASH BALANCE PLAN, ALKA D AGGARWAL MD PC

ALKA D AGGARWAL MD PCEIN 38-3626126Plan #002PY 2023

22990 KING RD - BROWNSTOWN TWP, MI 481831025313-961-0200

Other plans on this EIN

1 filing

#001Retirement-$136K assets

Prospect flagsLow assets / participantHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$2.2M

+18.1% from 2022

Total participants

0.0% from 2022

Average account balance

$735,018

+18.1% from 2022

Annual return

18.11%

+37.86 pp from 2022

Benchmarks

See 12,840 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined benefit

Participants<25

Cohort12,840 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.40M

Not enough data

1 years with asset history on file

Average account balance

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

$800K

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

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+8.78%

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 codes1B1C

Plan features

1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).

Opportunity flags

3 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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

$735,018

$262,251+180.3%

$250,986+192.9%

$287,034+156.1%

Participation rate

100.0%

61.9%+38.1pp

50.6%+49.4pp

55.9%+44.1pp

Annual return

18.11%

34.49%-16.4pp

32.33%-14.2pp

24.44%-6.3pp

Employer contribution / active EE

$35,997-100.0%

$33,956-100.0%

$41,344-100.0%

Participant deferral / active EE

$42-100.0%

$43-100.0%

$55-100.0%

Admin fee / account holder

$10,641-100.0%

$10,141-100.0%

$22,013-100.0%

ALKA D AGGARWAL MD PC CASH BALANCE PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

ALKA D AGGARWAL MD PC CASH BALANCE 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