Retirement plan

KETAMINE CLINICS OF L.A. RETIREMENT PLAN & TRUST

Name: STEVEN L. MANDEL, M.D., A PROFESSIONAL CORP. - KETAMINE CLINICS OF L.A. RETIREMENT PLAN & TRUST (2020) Form 5500
Creator: STEVEN L. MANDEL, M.D., A PROFESSIONAL CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KETAMINE CLINICS OF L.A. RETIREMENT PLAN & TRUST, STEVEN L. MANDEL, M.D., A PROFESSIONAL CORP.

STEVEN L. MANDEL, M.D., A PROFESSIONAL CORP.EIN 95-3329612Plan #001PY 2020

6801 PARK TERRACE, SUITE 525 - LOS ANGELES, CA 90045310-270-0625

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$295K

+52.8% from 2019

Total participants

+42.9% from 2019

Average account balance

$36,865

+33.7% from 2019

Annual return

14.82%

+4.89 pp from 2019

Benchmarks

See 102,091 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,091 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$535K

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

145.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$70K

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

+7.30%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2104

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 codes2E2F2G3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$8K

$986 / participant

Other / not subdivided$8K100.0%

% of EOY assets

2.675%

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

$36,865

$209,422-82.4%

$178,503-79.3%

$158,982-76.8%

Participation rate

75.0%

86.4%-11.4pp

81.9%-6.9pp

82.0%-7.0pp

Annual return

14.82%

188.81%-174.0pp

151.12%-136.3pp

302.99%-288.2pp

Employer contribution / active EE

$2,712

$5,707-52.5%

$5,011-45.9%

$4,763-43.1%

Participant deferral / active EE

$6,979

$5,955+17.2%

$5,202+34.2%

$5,983+16.6%

Admin fee / account holder

$986

$17,079-94.2%

$13,987-93.0%

$11,252-91.2%

KETAMINE CLINICS OF L.A. RETIREMENT PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KETAMINE CLINICS OF L.A. RETIREMENT PLAN & 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