Retirement plan

DRS. HAKIM AND PATEL, A PARTNERSHIP OF PROFESSIONAL CORPORATIONS PROFIT SHARING 401(K) PLAN

Name: FOROUD F. HAKIM, D.D.S. AND DIVIAN N. PATEL, D.D.S. - DRS. HAKIM AND PATEL, A PARTNERSHIP OF PROFESSIONAL CORPORATIONS PROFIT SHARING 401(K) PLAN (2024) Form 5500
Creator: FOROUD F. HAKIM, D.D.S. AND DIVIAN N. PATEL, D.D.S.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DRS. HAKIM AND PATEL, A PARTNERSHIP OF PROFESSIONAL CORPORATIONS PROFIT SHARING 401(K) PLAN, FOROUD F. HAKIM, D.D.S. AND DIVIAN N. PATEL, D.D.S.

FOROUD F. HAKIM, D.D.S. AND DIVIAN N. PATEL, D.D.S.EIN 83-2401940Plan #001PY 2024

2301 CAMINO RAMON STE 282 - SAN RAMON, CA 945832000925-866-8890

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.2M

+13.8% from 2023

Total participants

+40.0% from 2023

Average account balance

$169,568

-18.7% from 2023

Annual return

9.64%

-5.76 pp from 2023

Benchmarks

See 109,389 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,389 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.19M

Not enough data

1 years with asset history on file

Average account balance

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

$170K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$44K

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

+9.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1378

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

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

$10K

$1608 / participant

Other / not subdivided$10K100.0%

% of EOY assets

0.813%

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

$169,568

$183,592-7.6%

$155,574+9.0%

$145,877+16.2%

Participation rate

100.0%

82.7%+17.3pp

78.2%+21.8pp

80.3%+19.7pp

Annual return

9.64%

61.37%-51.7pp

64.87%-55.2pp

551.28%-541.6pp

Employer contribution / active EE

$3,195

$5,317-39.9%

$4,676-31.7%

$4,663-31.5%

Participant deferral / active EE

$4,093

$6,466-36.7%

$5,629-27.3%

$6,691-38.8%

Admin fee / account holder

$1,378

$19,316-92.9%

$15,914-91.3%

$13,402-89.7%

DRS. HAKIM AND PATEL, A PARTNERSHIP OF PROFESSIONAL CORPORATIONS PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DRS. HAKIM AND PATEL, A PARTNERSHIP OF PROFESSIONAL CORPORATIONS PROFIT SHARING 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