Retirement plan

SARANG MEDICAL CORP. 401K PLAN

Name: SARANG MEDICAL CORP. - SARANG MEDICAL CORP. 401K PLAN (2024) Form 5500
Creator: SARANG MEDICAL CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SARANG MEDICAL CORP. 401K PLAN, SARANG MEDICAL CORP.

SARANG MEDICAL CORP.EIN 87-0694681Plan #001PY 2024

2249 MIDVALE AVE. - LOS ANGELES, CA 900642012310-291-4605monicasarangmd.comLinkedIn1-10 employees

Other plans on this EIN

1 filing

#002Retirement-$3.8M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$981K

+17.1% from 2023

Total participants

0.0% from 2023

Average account balance

$196,290

+17.1% from 2023

Annual return

11.30%

-1.32 pp from 2023

Benchmarks

See 109,510 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,510 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$981K

Not enough data

1 years with asset history on file

Average account balance

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

$196K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$49K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+11.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.

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

$196,290

$183,627+6.9%

$155,602+26.1%

$145,978+34.5%

Participation rate

100.0%

82.7%+17.3pp

78.2%+21.8pp

80.3%+19.7pp

Annual return

11.30%

61.32%-50.0pp

64.81%-53.5pp

550.52%-539.2pp

Employer contribution / active EE

$2,623

$5,316-50.7%

$4,675-43.9%

$4,662-43.7%

Participant deferral / active EE

$7,092

$6,466+9.7%

$5,629+26.0%

$6,690+6.0%

Admin fee / account holder

$19,327-100.0%

$15,923-100.0%

$13,400-100.0%

SARANG MEDICAL CORP. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

SARANG MEDICAL CORP. 401K 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