Retirement plan

KATHLEEN S LIM DDS PC / SHANNONS TAX 401K PLAN

Name: KATHLEEN S LIM DDS PC / SHANNON'S TAX - KATHLEEN S LIM DDS PC / SHANNONS TAX 401K PLAN (2022) Form 5500
Creator: KATHLEEN S LIM DDS PC / SHANNON'S TAX
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KATHLEEN S LIM DDS PC / SHANNONS TAX 401K PLAN, KATHLEEN S LIM DDS PC / SHANNON'S TAX

KATHLEEN S LIM DDS PC / SHANNON'S TAXEIN 85-3750116Plan #001PY 2022

18102 IRVINE BLVD, SUITE 101 - TUSTIN, CA 92780714-323-4545

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$113K

+320.4% from 2021

Total participants

+500.0% from 2021

Average account balance

$28,241

+5.1% from 2021

Annual return

-38.32%

-38.32 pp from 2021

Benchmarks

See 105,950 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,950 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$473K

Not enough data

1 years with asset history on file

Average account balance

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

$118K

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

$80K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+15.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$974

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 codes2E2F2G2J2T3D3H

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$763

$127 / participant

Other / not subdivided$763100.0%

% of EOY assets

0.675%

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

$28,241

$167,362-83.1%

$143,799-80.4%

$134,532-79.0%

Participation rate

66.7%

84.8%-18.2pp

80.3%-13.6pp

81.2%-14.6pp

Annual return

-38.32%

0.47%-38.8pp

-0.04%-38.3pp

418.27%-456.6pp

Employer contribution / active EE

$7,520

$5,620+33.8%

$4,952+51.9%

$4,741+58.6%

Participant deferral / active EE

$8,545

$6,447+32.5%

$5,638+51.6%

$6,401+33.5%

Admin fee / account holder

$191

$18,094-98.9%

$14,677-98.7%

$11,429-98.3%

KATHLEEN S LIM DDS PC / SHANNONS TAX 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KATHLEEN S LIM DDS PC / SHANNONS TAX 401K 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