Retirement plan

TELEGRAPH CORNER FAMILY MEDICINE, P.C. PROFIT SHARING PLAN

Name: TELEGRAPH CORNER FAMILY MEDICINE, P.C. - TELEGRAPH CORNER FAMILY MEDICINE, P.C. PROFIT SHARING PLAN (2020) Form 5500
Creator: TELEGRAPH CORNER FAMILY MEDICINE, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TELEGRAPH CORNER FAMILY MEDICINE, P.C. PROFIT SHARING PLAN, TELEGRAPH CORNER FAMILY MEDICINE, P.C.

TELEGRAPH CORNER FAMILY MEDICINE, P.C.EIN 54-2029031Plan #001PY 2020

3111 TELEGRAPH CORNER LANE,, SUITE 100 - ALEXANDRIA, VA 22310703-317-3200tcfamilymedicine.comLinkedIn11-50 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$784K

+9.9% from 2019

Total participants

-25.0% from 2019

Average account balance

$111,993

+25.6% from 2019

Annual return

9.15%

-7.48 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

$846K

Not enough data

1 years with asset history on file

Average account balance

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

$141K

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

$54K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20715

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

$50K

$7078 / participant

Other / not subdivided$50K100.0%

% of EOY assets

6.320%

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

$111,993

$209,428-46.5%

$178,498-37.3%

$158,950-29.5%

Participation rate

71.4%

86.4%-14.9pp

81.9%-10.5pp

82.0%-10.5pp

Annual return

9.15%

188.78%-179.6pp

151.09%-141.9pp

302.91%-293.8pp

Employer contribution / active EE

$2,762

$5,707-51.6%

$5,011-44.9%

$4,762-42.0%

Participant deferral / active EE

$4,380

$5,955-26.4%

$5,202-15.8%

$5,983-26.8%

Admin fee / account holder

$7,078

$17,077-58.6%

$13,985-49.4%

$11,248-37.1%

TELEGRAPH CORNER FAMILY MEDICINE, P.C. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TELEGRAPH CORNER FAMILY MEDICINE, 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