Retirement plan

ON-PAR MEDICAL, INC. 401(K) PROFIT SHARING PLAN

Name: ON-PAR MEDICAL, INC. - ON-PAR MEDICAL, INC. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: ON-PAR MEDICAL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ON-PAR MEDICAL, INC. 401(K) PROFIT SHARING PLAN, ON-PAR MEDICAL, INC.

ON-PAR MEDICAL, INC.EIN 82-4947941Plan #001PY 2023

20 CALLE MANDARINA - SAN CLEMENTE, CA 92673740-600-2724

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$176K

+84.6% from 2022

Total participants

+200.0% from 2022

Average account balance

$29,355

-38.5% from 2022

Annual return

48.23%

+48.23 pp from 2022

Benchmarks

See 51,594 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort51,594 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$114K

Not enough data

1 years with asset history on file

Average account balance

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

$38K

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.

60.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$56K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

-68.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5187

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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

$29,355

$106,267-72.4%

$96,520-69.6%

$139,456-79.0%

Participation rate

100.0%

77.8%+22.2pp

74.3%+25.7pp

80.3%+19.7pp

Annual return

48.23%

38.45%+9.8pp

35.72%+12.5pp

373.45%-325.2pp

Employer contribution / active EE

$2,035

$4,105-50.4%

$3,739-45.6%

$4,753-57.2%

Participant deferral / active EE

$3,750

$5,454-31.2%

$4,879-23.1%

$6,711-44.1%

Admin fee / account holder

$7,882-100.0%

$6,733-100.0%

$11,407-100.0%

ON-PAR MEDICAL, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

ON-PAR MEDICAL, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion