Retirement plan

MICHAEL SOSNAY, DDS, P.C. 401K PROFIT SHARING PLAN

Name: MICHAEL SOSNAY, DDS, P.C. - MICHAEL SOSNAY, DDS, P.C. 401K PROFIT SHARING PLAN (2019) Form 5500
Creator: MICHAEL SOSNAY, DDS, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MICHAEL SOSNAY, DDS, P.C. 401K PROFIT SHARING PLAN, MICHAEL SOSNAY, DDS, P.C.

MICHAEL SOSNAY, DDS, P.C.EIN 46-2785244Plan #001PY 2019

121 EAST 60TH STREET, SUITE 1A - NEW YORK, NY 10020212-663-2663LinkedIn1-10 employeesfine art

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$1M

+37.5% from 2018

Total participants

+50.0% from 2018

Average account balance

$170,627

-8.3% from 2018

Annual return

27.84%

+29.21 pp from 2018

Benchmarks

See 104,307 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort104,307 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.35M

Not enough data

1 years with asset history on file

Average account balance

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

$335K

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.

700.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$81K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$81K

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

+11.39%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1838

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 codes2E2J3D

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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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

$170,627

$202,342-15.7%

$172,752-1.2%

$152,897+11.6%

Participation rate

100.0%

87.1%+12.9pp

82.6%+17.4pp

82.5%+17.5pp

Annual return

27.84%

1029.83%-1002.0pp

802.97%-775.1pp

345.43%-317.6pp

Employer contribution / active EE

$9,412

$5,858+60.7%

$5,144+83.0%

$4,764+97.6%

Participant deferral / active EE

$5,000

$5,948-15.9%

$5,198-3.8%

$5,851-14.5%

Admin fee / account holder

$17,111-100.0%

$13,955-100.0%

$11,599-100.0%

MICHAEL SOSNAY, DDS, P.C. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MICHAEL SOSNAY, DDS, P.C. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion