Retirement plan

MANHATTAN GASTROENTEROLOGY P.C. PROFIT SHARING PLAN

Name: MANHATTAN GASTROENTEROLOGY P.C. - MANHATTAN GASTROENTEROLOGY P.C. PROFIT SHARING PLAN (2024) Form 5500
Creator: MANHATTAN GASTROENTEROLOGY P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MANHATTAN GASTROENTEROLOGY P.C. PROFIT SHARING PLAN, MANHATTAN GASTROENTEROLOGY P.C.

MANHATTAN GASTROENTEROLOGY P.C.EIN 45-2573467Plan #002PY 2024

121 WEST 27TH STREET, SUITE 504 - NEW YORK, NY 10001212-427-8761manhattangastroenterology.comLinkedIn51-200 employeesmedical practice

Other plans on this EIN

2 filings

#001Retirement-$2.9M assets #003Retirement-$313K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.9M

+40.1% from 2023

Total participants

+6.5% from 2023

Average account balance

$60,733

+13.0% from 2023

Annual return

15.96%

-1.05 pp from 2023

Benchmarks

See 109,389 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,389 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.88M

Not enough data

1 years with asset history on file

Average account balance

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

$61K

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.

155.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$315K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+15.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$586

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 codes2D2E2H2J

Plan features

2D
Offset plan
Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$18K

$908 / participant

Other / not subdivided$18K100.0%

% of EOY assets

0.965%

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

$60,733

$183,592-66.9%

$155,574-61.0%

$145,877-58.4%

Participation rate

90.0%

82.7%+7.3pp

78.2%+11.8pp

80.3%+9.7pp

Annual return

15.96%

61.37%-45.4pp

64.87%-48.9pp

551.28%-535.3pp

Employer contribution / active EE

$4,220

$5,317-20.6%

$4,676-9.8%

$4,663-9.5%

Participant deferral / active EE

$11,555

$6,466+78.7%

$5,629+105.3%

$6,691+72.7%

Admin fee / account holder

$586

$19,316-97.0%

$15,914-96.3%

$13,402-95.6%

MANHATTAN GASTROENTEROLOGY P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MANHATTAN GASTROENTEROLOGY P.C. 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