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 (2023) 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 2023

4530 CONNECTICUT AVE. , N.W. - WASHINGTON, DC 20008202-478-5139LinkedIn1-10 employeesmedical practice

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$832K

+6.9% from 2022

Total participants

-14.3% from 2022

Average account balance

$138,604

+24.7% from 2022

Annual return

-2.82%

-0.79 pp from 2022

Benchmarks

See 107,994 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,994 peers

Snapshot2023

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

1 tripped

OpportunityLow returns
Annual investment return 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

$138,604

$175,231-20.9%

$149,696-7.4%

$139,466-0.6%

Participation rate

100.0%

83.4%+16.6pp

78.8%+21.2pp

80.3%+19.7pp

Annual return

-2.82%

166.77%-169.6pp

134.46%-137.3pp

373.66%-376.5pp

Employer contribution / active EE

$11,327

$5,478+106.8%

$4,821+135.0%

$4,754+138.3%

Participant deferral / active EE

$7,500

$6,521+15.0%

$5,682+32.0%

$6,712+11.7%

Admin fee / account holder

$16,155-100.0%

$13,212-100.0%

$11,409-100.0%

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

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

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion