Retirement plan

WILLIAM C. COHEN, D.O., INC. DBA THE SKIN CENTER 401-K PLAN

Name: WILLIAM C. COHEN, D.O., INC. DBA THE SKIN CENTER - WILLIAM C. COHEN, D.O., INC. DBA THE SKIN CENTER 401-K PLAN (2024) Form 5500
Creator: WILLIAM C. COHEN, D.O., INC. DBA THE SKIN CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILLIAM C. COHEN, D.O., INC. DBA THE SKIN CENTER 401-K PLAN, WILLIAM C. COHEN, D.O., INC. DBA THE SKIN CENTER

WILLIAM C. COHEN, D.O., INC. DBA THE SKIN CENTEREIN 72-1588271Plan #001PY 2024

1010 W. LA VETA AVE., STE. 445 - ORANGE, CA 92868714-628-1313

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$772K

+22.3% from 2023

Total participants

+20.0% from 2023

Average account balance

$193,002

+22.3% from 2023

Annual return

13.72%

-3.45 pp from 2023

Benchmarks

See 109,631 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,631 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$772K

Not enough data

1 years with asset history on file

Average account balance

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

$193K

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.

66.7%

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

+13.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$115

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 codes2E2F2G2J3D

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.
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.
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

$461

$77 / participant

Other / not subdivided$461100.0%

% of EOY assets

0.060%

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

$193,002

$183,592+5.1%

$155,567+24.1%

$145,959+32.2%

Participation rate

66.7%

82.7%-16.0pp

78.2%-11.5pp

80.3%-13.6pp

Annual return

13.72%

61.24%-47.5pp

64.74%-51.0pp

561.95%-548.2pp

Employer contribution / active EE

$2,880

$5,315-45.8%

$4,674-38.4%

$4,661-38.2%

Participant deferral / active EE

$6,183

$6,464-4.3%

$5,628+9.9%

$6,689-7.6%

Admin fee / account holder

$115

$19,318-99.4%

$15,916-99.3%

$13,398-99.1%

WILLIAM C. COHEN, D.O., INC. DBA THE SKIN CENTER 401-K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILLIAM C. COHEN, D.O., INC. DBA THE SKIN CENTER 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