Retirement plan

JOSEPH G. HEINRICH, O.D., A PROF. CORP. 401K PROFIT SHARING PLAN

Name: JOSEPH G. HEINRICH, O.D., A PROF. CORP. - JOSEPH G. HEINRICH, O.D., A PROF. CORP. 401K PROFIT SHARING PLAN (2024) Form 5500
Creator: JOSEPH G. HEINRICH, O.D., A PROF. CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JOSEPH G. HEINRICH, O.D., A PROF. CORP. 401K PROFIT SHARING PLAN, JOSEPH G. HEINRICH, O.D., A PROF. CORP.

JOSEPH G. HEINRICH, O.D., A PROF. CORP.EIN 48-1290854Plan #001PY 2024

32241 CAMINO CAPISTRANO - SAN JUAN CAPISTRANO, CA 92675949-661-3669

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$485K

+44.5% from 2023

Total participants

0.0% from 2023

Average account balance

$161,514

+44.5% from 2023

Annual return

29.63%

+53.38 pp from 2023

Benchmarks

See 109,389 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,389 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$485K

Not enough data

1 years with asset history on file

Average account balance

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

$162K

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.

75.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$50K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+29.63%

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 codes2E2F2G2J3D

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

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

$161,514

$183,592-12.0%

$155,574+3.8%

$145,877+10.7%

Participation rate

75.0%

82.7%-7.7pp

78.2%-3.2pp

80.3%-5.3pp

Annual return

29.63%

61.37%-31.7pp

64.87%-35.2pp

551.28%-521.7pp

Employer contribution / active EE

$478

$5,317-91.0%

$4,676-89.8%

$4,663-89.7%

Participant deferral / active EE

$12,000

$6,466+85.6%

$5,629+113.2%

$6,691+79.4%

Admin fee / account holder

$19,316-100.0%

$15,914-100.0%

$13,402-100.0%

JOSEPH G. HEINRICH, O.D., A PROF. CORP. 401K PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

JOSEPH G. HEINRICH, O.D., A PROF. CORP. 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