Retirement plan

KEN C. ARAKAWA, M.D., INC. 401(K) PROFIT SHARING PLAN

Name: KEN C. ARAKAWA, M.D., INC. - KEN C. ARAKAWA, M.D., INC. 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: KEN C. ARAKAWA, M.D., INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KEN C. ARAKAWA, M.D., INC. 401(K) PROFIT SHARING PLAN, KEN C. ARAKAWA, M.D., INC.

KEN C. ARAKAWA, M.D., INC.EIN 99-0283928Plan #001PY 2022

1329 LUSITANA STREET, SUITE 206 - HONOLULU, HI 96813808-528-3888LinkedIn11-50 employeeshealth, wellness and fitness

Other plans on this EIN

1 filing

#002Retirement-$3.4M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$5.1M

-12.2% from 2021

Total participants

+5.3% from 2021

Average account balance

$282,081

-7.3% from 2021

Annual return

-14.79%

-27.95 pp from 2021

Benchmarks

See 105,930 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,930 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.93M

Not enough data

1 years with asset history on file

Average account balance

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

$365K

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.

172.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$287K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+12.26%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5949

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 codes2E2H2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$68K

$4540 / participant

Other / not subdivided$68K100.0%

% of EOY assets

1.341%

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

$282,081

$167,353+68.6%

$143,797+96.2%

$134,545+109.7%

Participation rate

86.7%

84.8%+1.8pp

80.3%+6.3pp

81.2%+5.4pp

Annual return

-14.79%

0.48%-15.3pp

-0.04%-14.7pp

418.37%-433.2pp

Employer contribution / active EE

$4,797

$5,620-14.7%

$4,952-3.1%

$4,742+1.2%

Participant deferral / active EE

$8,238

$6,447+27.8%

$5,638+46.1%

$6,401+28.7%

Admin fee / account holder

$3,784

$18,096-79.1%

$14,679-74.2%

$11,431-66.9%

KEN C. ARAKAWA, M.D., INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KEN C. ARAKAWA, M.D., INC. 401(K) PROFIT SHARING 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