Retirement plan

DANIEL V. YOUNG M.D., P.C. CASH OR DEFERRED ARRANGEMENT PROFIT SHARING PLAN

Name: DANIEL V. YOUNG, M.D., P.C. - DANIEL V. YOUNG M.D., P.C. CASH OR DEFERRED ARRANGEMENT PROFIT SHARING PLAN (2021) Form 5500
Creator: DANIEL V. YOUNG, M.D., P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DANIEL V. YOUNG M.D., P.C. CASH OR DEFERRED ARRANGEMENT PROFIT SHARING PLAN, DANIEL V. YOUNG, M.D., P.C.

DANIEL V. YOUNG, M.D., P.C.EIN 52-2358839Plan #001PY 2021

4530 CONNECTICUT AVE. , N.W. - WASHINGTON, DC 20008LinkedIn1-10 employeesmedical practice

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$722K

-3.8% from 2020

Total participants

0.0% from 2020

Average account balance

$103,195

-3.8% from 2020

Annual return

-10.07%

-1.62 pp from 2020

Benchmarks

See 103,200 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort103,200 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$907K

Not enough data

1 years with asset history on file

Average account balance

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

$151K

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

$80K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

-0.61%

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 codes2E2J

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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$24K

$4730 / participant

Other / not subdivided$24K100.0%

% of EOY assets

3.274%

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

$103,195

$217,427-52.5%

$185,837-44.5%

$167,518-38.4%

Participation rate

100.0%

86.0%+14.0pp

81.7%+18.3pp

82.1%+17.9pp

Annual return

-10.07%

148.39%-158.5pp

122.08%-132.1pp

478.71%-488.8pp

Employer contribution / active EE

$8,560

$5,874+45.7%

$5,168+65.6%

$4,838+76.9%

Participant deferral / active EE

$5,200

$6,357-18.2%

$5,568-6.6%

$6,342-18.0%

Admin fee / account holder

$3,378

$19,816-83.0%

$16,241-79.2%

$12,312-72.6%

DANIEL V. YOUNG M.D., P.C. CASH OR DEFERRED ARRANGEMENT PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DANIEL V. YOUNG M.D., P.C. CASH OR DEFERRED ARRANGEMENT 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