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 (2023) 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 2023

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)

$805K

-5.1% from 2022

Total participants

0.0% from 2022

Average account balance

$134,104

+10.7% from 2022

Annual return

13.22%

+27.69 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

$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

$218K

$27287 / participant

Other / not subdivided$218K100.0%

% of EOY assets

27.130%

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

$134,104

$175,257-23.5%

$149,717-10.4%

$139,456-3.8%

Participation rate

75.0%

83.4%-8.4pp

78.8%-3.8pp

80.3%-5.3pp

Annual return

13.22%

166.70%-153.5pp

134.41%-121.2pp

373.45%-360.2pp

Employer contribution / active EE

$2,008

$5,477-63.3%

$4,820-58.3%

$4,753-57.8%

Participant deferral / active EE

$5,153

$6,521-21.0%

$5,682-9.3%

$6,711-23.2%

Admin fee / account holder

$36,383

$16,156+125.2%

$13,213+175.4%

$11,407+219.0%

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