Retirement plan

DR. THOMAS TSENG MEDICAL CLINIC, INC. 401K PLAN

Name: DR. THOMAS TSENG MEDICAL CLINIC, INC. - DR. THOMAS TSENG MEDICAL CLINIC, INC. 401K PLAN (2023) Form 5500
Creator: DR. THOMAS TSENG MEDICAL CLINIC, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DR. THOMAS TSENG MEDICAL CLINIC, INC. 401K PLAN, DR. THOMAS TSENG MEDICAL CLINIC, INC.

DR. THOMAS TSENG MEDICAL CLINIC, INC.EIN 95-4760355Plan #001PY 2023

880 S. ATLANTIC BLVD., STE 208 - MONTEREY PARK, CA 91754626-289-9478LinkedIn1-10 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$876K assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$1.8M

+21.0% from 2022

Total participants

0.0% from 2022

Average account balance

$177,400

+21.0% from 2022

Annual return

15.80%

+36.48 pp from 2022

Benchmarks

See 107,994 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,994 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.08M

Not enough data

1 years with asset history on file

Average account balance

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

$189K

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.

137.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$90K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+12.38%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1528

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 codes2E2F2H2J2R3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

$177,400

$175,231+1.2%

$149,696+18.5%

$139,466+27.2%

Participation rate

100.0%

83.4%+16.6pp

78.8%+21.2pp

80.3%+19.7pp

Annual return

15.80%

166.77%-151.0pp

134.46%-118.7pp

373.66%-357.9pp

Employer contribution / active EE

$2,420

$5,478-55.8%

$4,821-49.8%

$4,754-49.1%

Participant deferral / active EE

$8,571

$6,521+31.4%

$5,682+50.9%

$6,712+27.7%

Admin fee / account holder

$16,155-100.0%

$13,212-100.0%

$11,409-100.0%

DR. THOMAS TSENG MEDICAL CLINIC, INC. 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

DR. THOMAS TSENG MEDICAL CLINIC, INC. 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