Retirement plan

YAKER HAIR RESTORATION + MED SPA 401(K) PLAN

Name: JOSEPH R. YAKER, M.D., P.A. D/B/A YAKER HAIR RESTORATION + MED SPA - YAKER HAIR RESTORATION + MED SPA 401(K) PLAN (2024) Form 5500
Creator: JOSEPH R. YAKER, M.D., P.A. D/B/A YAKER HAIR RESTORATION + MED SPA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, YAKER HAIR RESTORATION + MED SPA 401(K) PLAN, JOSEPH R. YAKER, M.D., P.A. D/B/A YAKER HAIR RESTORATION + MED SPA

JOSEPH R. YAKER, M.D., P.A. D/B/A YAKER HAIR RESTORATION + MED SPAEIN 45-5605878Plan #001PY 2024

3242 PRESTON ROAD, SUITE 160 - PLANO, TX 75093972-468-8301

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$512K

+18.2% from 2023

Total participants

-33.3% from 2023

Average account balance

$127,910

+47.8% from 2023

Annual return

11.57%

-6.43 pp from 2023

Benchmarks

See 109,298 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$512K

Not enough data

1 years with asset history on file

Average account balance

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

$128K

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

$30K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$362

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 codes2E2J2F2G3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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

2 tripped

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

$362 / participant

Other / not subdivided$1K100.0%

% of EOY assets

0.283%

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

$127,910

$183,516-30.3%

$155,534-17.8%

$145,884-12.3%

Participation rate

100.0%

82.7%+17.3pp

78.2%+21.8pp

80.3%+19.7pp

Annual return

11.57%

61.43%-49.9pp

64.92%-53.3pp

551.85%-540.3pp

Employer contribution / active EE

$2,110

$5,315-60.3%

$4,675-54.9%

$4,662-54.7%

Participant deferral / active EE

$5,318

$6,467-17.8%

$5,630-5.6%

$6,690-20.5%

Admin fee / account holder

$362

$19,293-98.1%

$15,900-97.7%

$13,392-97.3%

YAKER HAIR RESTORATION + MED SPA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

YAKER HAIR RESTORATION + MED SPA 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