Retirement plan

FRED E. GOLDBERG, O.D., F.A.A.O., P.C. PROFIT SHARING PLAN

Name: FRED E. GOLDBERG, O.D., F.A.A.O., P.C. - FRED E. GOLDBERG, O.D., F.A.A.O., P.C. PROFIT SHARING PLAN (2020) Form 5500
Creator: FRED E. GOLDBERG, O.D., F.A.A.O., P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FRED E. GOLDBERG, O.D., F.A.A.O., P.C. PROFIT SHARING PLAN, FRED E. GOLDBERG, O.D., F.A.A.O., P.C.

FRED E. GOLDBERG, O.D., F.A.A.O., P.C.EIN 54-1423997Plan #001PY 2020

1340 OLD CHAIN BRIDGE ROAD, SUITE 102 - MCLEAN, VA 22101703-893-2020

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.7M

+8.0% from 2019

Total participants

0.0% from 2019

Average account balance

$237,868

+8.0% from 2019

Annual return

7.66%

-10.73 pp from 2019

Benchmarks

See 102,105 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,105 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.80M

Not enough data

1 years with asset history on file

Average account balance

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

$450K

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

$1K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$409

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

+12.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$35417

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 codes2E2J3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$42K

$7053 / participant

Other / not subdivided$42K100.0%

% of EOY assets

2.542%

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

$237,868

$209,428+13.6%

$178,498+33.3%

$158,950+49.6%

Participation rate

83.3%

86.4%-3.0pp

81.9%+1.4pp

82.0%+1.4pp

Annual return

7.66%

188.78%-181.1pp

151.09%-143.4pp

302.91%-295.3pp

Employer contribution / active EE

$2,145

$5,707-62.4%

$5,011-57.2%

$4,762-55.0%

Participant deferral / active EE

$5,087

$5,955-14.6%

$5,202-2.2%

$5,983-15.0%

Admin fee / account holder

$6,045

$17,077-64.6%

$13,985-56.8%

$11,248-46.3%

FRED E. GOLDBERG, O.D., F.A.A.O., P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FRED E. GOLDBERG, O.D., F.A.A.O., P.C. 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