Retirement plan

LAW OFFICE OF RAJ PATEL 401(K) PLAN

Name: LAW OFFICE OF RAJ PATEL - LAW OFFICE OF RAJ PATEL 401(K) PLAN (2020) Form 5500
Creator: LAW OFFICE OF RAJ PATEL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LAW OFFICE OF RAJ PATEL 401(K) PLAN, LAW OFFICE OF RAJ PATEL

LAW OFFICE OF RAJ PATELEIN 45-3059510Plan #001PY 2020

SUITE 305 - RIVERSIDE, CA 92507951-394-3640ravilaw.comLinkedIn1-10 employees

Other plans on this EIN

1 filing

#002Retirement-$1.7M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$493K

+36.1% from 2019

Total participants

+66.7% from 2019

Average account balance

$61,582

+2.1% from 2019

Annual return

9.74%

-8.08 pp from 2019

Benchmarks

See 120,737 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort120,737 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$892K

Not enough data

1 years with asset history on file

Average account balance

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

$178K

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.

166.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$53K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+7.13%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4270

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 codes2E2G2J3D

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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$1K

$293 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.297%

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

$61,582

$165,399-62.8%

$149,745-58.9%

$158,982-61.3%

Participation rate

60.0%

84.6%-24.6pp

82.5%-22.5pp

82.0%-22.0pp

Annual return

9.74%

348.34%-338.6pp

276.72%-267.0pp

302.99%-293.2pp

Employer contribution / active EE

$6,109

$5,105+19.7%

$4,646+31.5%

$4,763+28.3%

Participant deferral / active EE

$13,000

$7,183+81.0%

$6,843+90.0%

$5,983+117.3%

Admin fee / account holder

$183

$10,811-98.3%

$9,312-98.0%

$11,252-98.4%

LAW OFFICE OF RAJ PATEL 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LAW OFFICE OF RAJ PATEL 401(K) 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