Retirement plan

THERAPISTS 2 GO, PLLC 401(K) PROFIT SHARING PLAN

Name: THERAPISTS 2 GO, PLLC - THERAPISTS 2 GO, PLLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: THERAPISTS 2 GO, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THERAPISTS 2 GO, PLLC 401(K) PROFIT SHARING PLAN, THERAPISTS 2 GO, PLLC

THERAPISTS 2 GO, PLLCEIN 80-0563394Plan #001PY 2024

6800 JERICHO TURNPIKE, SUITE 120W - SYOSSET, NY 11791516-393-5966newyorkoccupationaltherapy.comLinkedIn11-50 employeesmedical practice

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$499K

+62.5% from 2023

Total participants

+18.2% from 2023

Average account balance

$22,687

+47.8% from 2023

Annual return

3.46%

-17.08 pp from 2023

Benchmarks

See 21,710 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,710 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$499K

Not enough data

1 years with asset history on file

Average account balance

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

$23K

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.

57.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$181K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+3.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$130

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.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3K

$75 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.571%

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

$22,687

$81,331-72.1%

$155,534-85.4%

$80,935-72.0%

Participation rate

55.3%

66.3%-11.0pp

78.2%-23.0pp

67.7%-12.4pp

Annual return

3.46%

33.37%-29.9pp

64.92%-61.5pp

35.66%-32.2pp

Employer contribution / active EE

$1,538

$3,105-50.5%

$4,675-67.1%

$2,757-44.2%

Participant deferral / active EE

$3,237

$3,454-6.3%

$5,630-42.5%

$4,299-24.7%

Admin fee / account holder

$130

$7,999-98.4%

$15,900-99.2%

$6,924-98.1%

THERAPISTS 2 GO, PLLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THERAPISTS 2 GO, PLLC 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