Retirement plan

MARIO M. MAGCALAS, MD, PA 401(K) PROFIT SHARING PLAN

Name: MARIO M. MAGCALAS, MD, PA - MARIO M. MAGCALAS, MD, PA 401(K) PROFIT SHARING PLAN (2018) Form 5500
Creator: MARIO M. MAGCALAS, MD, PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARIO M. MAGCALAS, MD, PA 401(K) PROFIT SHARING PLAN, MARIO M. MAGCALAS, MD, PA

MARIO M. MAGCALAS, MD, PAEIN 65-0793259Plan #001PY 2018

10794 PINES BLVD., #205 - PEMBROKE PINES, FL 33026954-538-8543mariomagcalasmdpa.comLinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$1.8M

+1.9% from 2017

Total participants

+16.0% from 2017

Average account balance

$67,884

-5.7% from 2017

Annual return

-5.78%

-20.81 pp from 2017

Benchmarks

See 105,561 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,561 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$20K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+3.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$40K

$1799 / participant

Other / not subdivided$40K100.0%

% of EOY assets

2.160%

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

$67,884

$180,462-62.4%

$154,111-56.0%

$135,379-49.9%

Participation rate

90.9%

87.4%+3.5pp

83.0%+7.9pp

82.6%+8.3pp

Annual return

-5.78%

888.17%-893.9pp

735.18%-741.0pp

519.79%-525.6pp

Employer contribution / active EE

$2,598

$6,036-57.0%

$5,298-51.0%

$4,779-45.6%

Participant deferral / active EE

$5,029

$5,806-13.4%

$5,081-1.0%

$5,609-10.3%

Admin fee / account holder

$1,466

$16,145-90.9%

$13,411-89.1%

$10,828-86.5%

MARIO M. MAGCALAS, MD, PA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARIO M. MAGCALAS, MD, PA 401(K) 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