Retirement plan

BLITZ FOOTCARE, PLLC 401(K) PROFIT SHARING PLAN

Name: BLITZ FOOTCARE, PLLC - BLITZ FOOTCARE, PLLC 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: BLITZ FOOTCARE, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BLITZ FOOTCARE, PLLC 401(K) PROFIT SHARING PLAN, BLITZ FOOTCARE, PLLC

BLITZ FOOTCARE, PLLCEIN 46-0725167Plan #001PY 2020

889 BROADWAY, APT. 5B - NEW YORK, NY 10003917-355-1280bunionsurgery.comLinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$588K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$296K

+35.5% from 2019

Total participants

+100.0% from 2019

Average account balance

$59,209

-18.7% from 2019

Annual return

14.43%

-6.21 pp from 2019

Benchmarks

See 102,098 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,098 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$450K

Not enough data

1 years with asset history on file

Average account balance

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

$90K

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.

250.0%

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

$27K

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

+6.22%

Not enough data

1 years with return on file

Admin fee / account holder

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

$846

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

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

$3K

$518 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.875%

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

$59,209

$209,425-71.7%

$178,499-66.8%

$158,966-62.8%

Participation rate

80.0%

86.4%-6.4pp

81.9%-1.9pp

82.0%-2.0pp

Annual return

14.43%

188.80%-174.4pp

151.10%-136.7pp

302.95%-288.5pp

Employer contribution / active EE

$3,900

$5,707-31.7%

$5,011-22.2%

$4,762-18.1%

Participant deferral / active EE

$5,290

$5,955-11.2%

$5,202+1.7%

$5,983-11.6%

Admin fee / account holder

$518

$17,078-97.0%

$13,986-96.3%

$11,250-95.4%

BLITZ FOOTCARE, PLLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BLITZ FOOTCARE, PLLC 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