Retirement plan

ARZU ERSOY, D.M.D., P.A. 401K PLAN

Name: TAMAM ELZAWAHRY, D.M.D. AND ARZU ERSOY, D.M.D., P.A. - ARZU ERSOY, D.M.D., P.A. 401K PLAN (2022) Form 5500
Creator: TAMAM ELZAWAHRY, D.M.D. AND ARZU ERSOY, D.M.D., P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ARZU ERSOY, D.M.D., P.A. 401K PLAN, TAMAM ELZAWAHRY, D.M.D. AND ARZU ERSOY, D.M.D., P.A.

TAMAM ELZAWAHRY, D.M.D. AND ARZU ERSOY, D.M.D., P.A.EIN 59-3615431Plan #001PY 2022

1560 JENKS AVENUE - PANAMA CITY, FL 32405850-763-4545

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$800K

-7.7% from 2021

Total participants

+27.3% from 2021

Average account balance

$61,557

-21.9% from 2021

Annual return

-16.82%

-27.69 pp from 2021

Benchmarks

See 105,966 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,966 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.20M

Not enough data

1 years with asset history on file

Average account balance

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

$80K

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

$106K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+9.93%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2035

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 codes2G2J3D

Plan features

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.
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

$11K

$1196 / participant

Other / not subdivided$11K100.0%

% of EOY assets

1.345%

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

$61,557

$167,352-63.2%

$143,788-57.2%

$134,509-54.2%

Participation rate

88.9%

84.8%+4.1pp

80.3%+8.6pp

81.2%+7.7pp

Annual return

-16.82%

0.47%-17.3pp

-0.03%-16.8pp

418.13%-435.0pp

Employer contribution / active EE

$2,993

$5,620-46.7%

$4,952-39.6%

$4,741-36.9%

Participant deferral / active EE

$6,996

$6,447+8.5%

$5,638+24.1%

$6,400+9.3%

Admin fee / account holder

$828

$18,091-95.4%

$14,675-94.4%

$11,427-92.8%

ARZU ERSOY, D.M.D., P.A. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ARZU ERSOY, D.M.D., P.A. 401K 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