Retirement plan

CANNERY ROW MEDICAL AESTHETICS 401(K) PLAN

Name: AESTHETICS & GENETICS BY THE BAY DBA CANNERY ROW MEDICAL AESTHETICS - CANNERY ROW MEDICAL AESTHETICS 401(K) PLAN (2024) Form 5500
Creator: AESTHETICS & GENETICS BY THE BAY DBA CANNERY ROW MEDICAL AESTHETICS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CANNERY ROW MEDICAL AESTHETICS 401(K) PLAN, AESTHETICS & GENETICS BY THE BAY DBA CANNERY ROW MEDICAL AESTHETICS

AESTHETICS & GENETICS BY THE BAY DBA CANNERY ROW MEDICAL AESTHETICSEIN 56-2630742Plan #001PY 2024

2 LOWER RAGSDALE DRIVE, SUITE 180 - MONTEREY, CA 93940831-375-9555

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$342K

+22.5% from 2023

Total participants

-25.0% from 2023

Average account balance

$170,951

+83.8% from 2023

Annual return

9.92%

-6.61 pp from 2023

Benchmarks

See 109,298 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$342K

Not enough data

1 years with asset history on file

Average account balance

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

$171K

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.

33.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$69K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+9.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$17137

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 codes2E2F2G2J2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$34K

$5712 / participant

Other / not subdivided$34K100.0%

% of EOY assets

10.025%

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

$170,951

$183,516-6.8%

$155,534+9.9%

$145,884+17.2%

Participation rate

33.3%

82.7%-49.4pp

78.2%-44.9pp

80.3%-47.0pp

Annual return

9.92%

61.43%-51.5pp

64.92%-55.0pp

551.85%-541.9pp

Employer contribution / active EE

$1,411

$5,315-73.4%

$4,675-69.8%

$4,662-69.7%

Participant deferral / active EE

$10,167

$6,467+57.2%

$5,630+80.6%

$6,690+52.0%

Admin fee / account holder

$17,137

$19,293-11.2%

$15,900+7.8%

$13,392+28.0%

CANNERY ROW MEDICAL AESTHETICS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CANNERY ROW MEDICAL AESTHETICS 401(K) 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