Retirement plan

MATTHEW J. MALTA M. D. RETIREMENT PLAN

Name: MATTHEW J. MALTA MD, PA - MATTHEW J. MALTA M. D. RETIREMENT PLAN (2023) Form 5500
Creator: MATTHEW J. MALTA MD, PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MATTHEW J. MALTA M. D. RETIREMENT PLAN, MATTHEW J. MALTA MD, PA

MATTHEW J. MALTA MD, PAEIN 52-2167396Plan #003PY 2023

132 HOLIDAY CT-STE 201 - ANNAPOLIS, MD 21401410-573-2477drmalta.comLinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#004Retirement-$1.5M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$617K

+31.6% from 2022

Total participants

+40.0% from 2022

Average account balance

$154,354

-34.2% from 2022

Annual return

16.79%

+22.51 pp from 2022

Benchmarks

See 108,045 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort108,045 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$959K

Not enough data

1 years with asset history on file

Average account balance

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

$240K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$74K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$25K

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

+16.66%

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 codes2E2F2G2J2T3D

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

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

$154,354

$175,257-11.9%

$149,717+3.1%

$139,456+10.7%

Participation rate

57.1%

83.4%-26.2pp

78.8%-21.6pp

80.3%-23.2pp

Annual return

16.79%

166.70%-149.9pp

134.41%-117.6pp

373.45%-356.7pp

Employer contribution / active EE

$1,143

$5,477-79.1%

$4,820-76.3%

$4,753-76.0%

Participant deferral / active EE

$8,776

$6,521+34.6%

$5,682+54.5%

$6,711+30.8%

Admin fee / account holder

$16,156-100.0%

$13,213-100.0%

$11,407-100.0%

MATTHEW J. MALTA M. D. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

MATTHEW J. MALTA M. D. 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