Retirement plan

OMID SHAYE MD CORP 401(K) PROFIT SHARING PLAN

Name: OMID SHAYE MD CORP - OMID SHAYE MD CORP 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: OMID SHAYE MD CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OMID SHAYE MD CORP 401(K) PROFIT SHARING PLAN, OMID SHAYE MD CORP

OMID SHAYE MD CORPEIN 45-4398129Plan #002PY 2023

8631 W 3RD STREET, SUITE 815E - LOS ANGELES, CA 90048310-210-1283

Other plans on this EIN

1 filing

#001Retirement-$699K assets

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$255K

+122.2% from 2022

Total participants

+40.0% from 2022

Average account balance

$51,088

+122.2% from 2022

Annual return

16.28%

+16.28 pp from 2022

Benchmarks

See 107,959 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,959 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$478K

Not enough data

1 years with asset history on file

Average account balance

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

$68K

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

$178K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+17.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$501

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 codes2E2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$1K

$204 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.558%

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

$51,088

$175,259-70.9%

$149,723-65.9%

$139,487-63.4%

Participation rate

71.4%

83.4%-12.0pp

78.8%-7.4pp

80.3%-8.9pp

Annual return

16.28%

166.82%-150.5pp

134.50%-118.2pp

373.84%-357.6pp

Employer contribution / active EE

$1,320

$5,478-75.9%

$4,821-72.6%

$4,755-72.2%

Participant deferral / active EE

$16,071

$6,522+146.4%

$5,682+182.8%

$6,713+139.4%

Admin fee / account holder

$285

$16,158-98.2%

$13,215-97.8%

$11,407-97.5%

OMID SHAYE MD CORP 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OMID SHAYE MD CORP 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