Retirement plan

DERMPHYSICIANS OF NEW ENGLAND LLC 401(K) PROFIT SHARING PLAN AND TRUST

Name: DERMPHYSICIANS OF NEW ENGLAND LLC - DERMPHYSICIANS OF NEW ENGLAND LLC 401(K) PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: DERMPHYSICIANS OF NEW ENGLAND LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DERMPHYSICIANS OF NEW ENGLAND LLC 401(K) PROFIT SHARING PLAN AND TRUST, DERMPHYSICIANS OF NEW ENGLAND LLC

DERMPHYSICIANS OF NEW ENGLAND LLCEIN 83-2916287Plan #001PY 2024

15 FOXCROFT RD. - WINCHESTER, MA 01890781-272-7022LinkedIn1-10 employeesmedical practice

Prospect flagsLow employer contribution

How to read this page

Total assets (EOY)

$448K

+56.0% from 2023

Total participants

+5.3% from 2023

Average account balance

$24,896

+64.7% from 2023

Annual return

14.65%

-15.46 pp from 2023

Benchmarks

See 109,210 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,210 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$448K

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

90.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$119K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+14.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$182

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 codes2E2J2F2G3D

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

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$3K

$164 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.732%

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

$24,896

$183,539-86.4%

$155,556-84.0%

$145,897-82.9%

Participation rate

90.0%

82.7%+7.3pp

78.2%+11.8pp

80.3%+9.7pp

Annual return

14.65%

61.31%-46.7pp

64.84%-50.2pp

552.29%-537.6pp

Employer contribution / active EE

$1,002

$5,315-81.1%

$4,675-78.6%

$4,663-78.5%

Participant deferral / active EE

$4,938

$6,467-23.6%

$5,631-12.3%

$6,689-26.2%

Admin fee / account holder

$182

$19,275-99.1%

$15,885-98.9%

$13,390-98.6%

DERMPHYSICIANS OF NEW ENGLAND LLC 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DERMPHYSICIANS OF NEW ENGLAND LLC 401(K) PROFIT SHARING PLAN AND TRUST

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