Retirement plan

CHARLES L. HERRING, M.D., A PROF. CORP. 401(K) PROFIT SHARING PLAN

Name: CHARLES L. HERRING, M.D., A PROF. CORP. - CHARLES L. HERRING, M.D., A PROF. CORP. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: CHARLES L. HERRING, M.D., A PROF. CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CHARLES L. HERRING, M.D., A PROF. CORP. 401(K) PROFIT SHARING PLAN, CHARLES L. HERRING, M.D., A PROF. CORP.

CHARLES L. HERRING, M.D., A PROF. CORP.EIN 95-4804143Plan #001PY 2022

6221 WILSHIRE BLVD., SUITE 620 - LOS ANGELES, CA 90048323-556-0090

Prospect flagsHigh assets / participant

How to read this page

Total assets (EOY)

$1.7M

-6.3% from 2021

Total participants

0.0% from 2021

Average account balance

$562,456

-6.3% from 2021

Annual return

-11.96%

-18.01 pp from 2021

Benchmarks

See 105,966 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,966 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.13M

Not enough data

1 years with asset history on file

Average account balance

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

$710K

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

$44K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$15K

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

+7.33%

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 codes2E2J3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

1 tripped

InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

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

$562,456

$167,352+236.1%

$143,788+291.2%

$134,509+318.2%

Participation rate

100.0%

84.8%+15.2pp

80.3%+19.7pp

81.2%+18.8pp

Annual return

-11.96%

0.47%-12.4pp

-0.03%-11.9pp

418.13%-430.1pp

Employer contribution / active EE

$27,250

$5,620+384.9%

$4,952+450.3%

$4,741+474.8%

Participant deferral / active EE

$6,833

$6,447+6.0%

$5,638+21.2%

$6,400+6.8%

Admin fee / account holder

$18,091-100.0%

$14,675-100.0%

$11,427-100.0%

CHARLES L. HERRING, M.D., A PROF. CORP. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

CHARLES L. HERRING, M.D., A PROF. CORP. 401(K) PROFIT SHARING 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