Retirement plan

QUANWEI ZHANG MD, INC. RETIREMENT PLAN

Name: QUANWEI ZHANG MD INC. - QUANWEI ZHANG MD, INC. RETIREMENT PLAN (2020) Form 5500
Creator: QUANWEI ZHANG MD INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, QUANWEI ZHANG MD, INC. RETIREMENT PLAN, QUANWEI ZHANG MD INC.

QUANWEI ZHANG MD INC.EIN 46-5456718Plan #002PY 2020

8460 SVL BOX - VICTORVILLE, CA 92395248-854-5851LinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#001Retirement-$1.6M assets

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$618K

+412.4% from 2019

Total participants

+100.0% from 2019

Average account balance

$154,524

+156.2% from 2019

Annual return

367.37%

+354.14 pp from 2019

Benchmarks

See 102,091 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,091 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$987K

Not enough data

1 years with asset history on file

Average account balance

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

$329K

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

$63K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$21K

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

+9.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2D2E2J3D

Plan features

2D
Offset plan
Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

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

$154,524

$209,422-26.2%

$178,503-13.4%

$158,982-2.8%

Participation rate

100.0%

86.4%+13.6pp

81.9%+18.1pp

82.0%+18.0pp

Annual return

367.37%

188.81%+178.6pp

151.12%+216.3pp

302.99%+64.4pp

Employer contribution / active EE

$781

$5,707-86.3%

$5,011-84.4%

$4,763-83.6%

Participant deferral / active EE

$17,333

$5,955+191.1%

$5,202+233.2%

$5,983+189.7%

Admin fee / account holder

$17,079-100.0%

$13,987-100.0%

$11,252-100.0%

QUANWEI ZHANG MD, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

QUANWEI ZHANG MD, INC. RETIREMENT 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