Civic Intelligence

Babu Patel, MD PC.

Plan context: Babu Patel, MD PC. Profit Sharing Plan

EIN 82-0538594 • Closter, NJ • 24 filings • 2 plans

14 Susan DriveCloster, NJ 07624
Current Snapshot

Latest Year

2024

2024 Participants

3

2024 Assets

$427,592

2024 Contributions

$85,245

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$2,564,303$1,282,152$0201120182024YearValue
$427,592Latest year 2024

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

740201120182024YearValue
3Latest year 2024

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
202413$427,592$85,245$28,415iApproximate average salary by contribution assumption: employee only about $710,375 at 4% or $473,583 at 6%; with 50% employer match about $473,583 at 4% or $315,722 at 6%; with 100% employer match about $355,188 at 4% or $236,792 at 6%.
Babu Patel, MD PC. Profit Sharing Plan-3$427,592$85,245$28,415iApproximate average salary by contribution assumption: employee only about $710,375 at 4% or $473,583 at 6%; with 50% employer match about $473,583 at 4% or $315,722 at 6%; with 100% employer match about $355,188 at 4% or $236,792 at 6%.
202314$319,924$80,783$20,196iApproximate average salary by contribution assumption: employee only about $504,894 at 4% or $336,596 at 6%; with 50% employer match about $336,596 at 4% or $224,397 at 6%; with 100% employer match about $252,447 at 4% or $168,298 at 6%.
Babu Patel, MD PC. Profit Sharing Plan-4$319,924$80,783$20,196iApproximate average salary by contribution assumption: employee only about $504,894 at 4% or $336,596 at 6%; with 50% employer match about $336,596 at 4% or $224,397 at 6%; with 100% employer match about $252,447 at 4% or $168,298 at 6%.
202216$259,931$75,802$12,634iApproximate average salary by contribution assumption: employee only about $315,842 at 4% or $210,561 at 6%; with 50% employer match about $210,561 at 4% or $140,374 at 6%; with 100% employer match about $157,921 at 4% or $105,281 at 6%.
Babu Patel, MD PC. Profit Sharing Plan-6$259,931$75,802$12,634iApproximate average salary by contribution assumption: employee only about $315,842 at 4% or $210,561 at 6%; with 50% employer match about $210,561 at 4% or $140,374 at 6%; with 100% employer match about $157,921 at 4% or $105,281 at 6%.
202115$208,238$69,230$13,846iApproximate average salary by contribution assumption: employee only about $346,150 at 4% or $230,767 at 6%; with 50% employer match about $230,767 at 4% or $153,844 at 6%; with 100% employer match about $173,075 at 4% or $115,383 at 6%.
Babu Patel, MD PC. Profit Sharing Plan-5$208,238$69,230$13,846iApproximate average salary by contribution assumption: employee only about $346,150 at 4% or $230,767 at 6%; with 50% employer match about $230,767 at 4% or $153,844 at 6%; with 100% employer match about $173,075 at 4% or $115,383 at 6%.
202026$124,812$278,629$46,438iApproximate average salary by contribution assumption: employee only about $1,160,954 at 4% or $773,969 at 6%; with 50% employer match about $773,969 at 4% or $515,980 at 6%; with 100% employer match about $580,477 at 4% or $386,985 at 6%.
Babu Patel, MD PC. Profit Sharing Plan-6$124,812$18,629$3,105iApproximate average salary by contribution assumption: employee only about $77,621 at 4% or $51,747 at 6%; with 50% employer match about $51,747 at 4% or $34,498 at 6%; with 100% employer match about $38,810 at 4% or $25,874 at 6%.
BABU PATEL, MD, P.C. DEFINED BENEFIT PLAN-0$0$260,000-
201927$2,564,303$325,564$46,509iApproximate average salary by contribution assumption: employee only about $1,162,729 at 4% or $775,152 at 6%; with 50% employer match about $775,152 at 4% or $516,768 at 6%; with 100% employer match about $581,364 at 4% or $387,576 at 6%.
BABU PATEL, MD, P.C. DEFINED BENEFIT PLAN-7$2,456,016$305,400$43,629iApproximate average salary by contribution assumption: employee only about $1,090,714 at 4% or $727,143 at 6%; with 50% employer match about $727,143 at 4% or $484,762 at 6%; with 100% employer match about $545,357 at 4% or $363,571 at 6%.
Babu Patel, MD PC. Profit Sharing Plan-7$108,287$20,164$2,881iApproximate average salary by contribution assumption: employee only about $72,014 at 4% or $48,010 at 6%; with 50% employer match about $48,010 at 4% or $32,006 at 6%; with 100% employer match about $36,007 at 4% or $24,005 at 6%.
201826$1,980,792$268,054$44,676iApproximate average salary by contribution assumption: employee only about $1,116,892 at 4% or $744,594 at 6%; with 50% employer match about $744,594 at 4% or $496,396 at 6%; with 100% employer match about $558,446 at 4% or $372,297 at 6%.
BABU PATEL, MD, P.C. DEFINED BENEFIT PLAN-4$1,897,418$250,000$62,500iApproximate average salary by contribution assumption: employee only about $1,562,500 at 4% or $1,041,667 at 6%; with 50% employer match about $1,041,667 at 4% or $694,444 at 6%; with 100% employer match about $781,250 at 4% or $520,833 at 6%.
Babu Patel, MD PC. Profit Sharing Plan-6$83,374$18,054$3,009iApproximate average salary by contribution assumption: employee only about $75,225 at 4% or $50,150 at 6%; with 50% employer match about $50,150 at 4% or $33,433 at 6%; with 100% employer match about $37,613 at 4% or $25,075 at 6%.
201726$1,804,108$269,694$44,949iApproximate average salary by contribution assumption: employee only about $1,123,725 at 4% or $749,150 at 6%; with 50% employer match about $749,150 at 4% or $499,433 at 6%; with 100% employer match about $561,863 at 4% or $374,575 at 6%.
BABU PATEL, MD, P.C. DEFINED BENEFIT PLAN-5$1,735,005$250,000$50,000iApproximate average salary by contribution assumption: employee only about $1,250,000 at 4% or $833,333 at 6%; with 50% employer match about $833,333 at 4% or $555,556 at 6%; with 100% employer match about $625,000 at 4% or $416,667 at 6%.
Babu Patel, MD PC. Profit Sharing Plan-6$69,103$19,694$3,282iApproximate average salary by contribution assumption: employee only about $82,058 at 4% or $54,706 at 6%; with 50% employer match about $54,706 at 4% or $36,470 at 6%; with 100% employer match about $41,029 at 4% or $27,353 at 6%.
201626$1,386,150$271,822$45,304iApproximate average salary by contribution assumption: employee only about $1,132,592 at 4% or $755,061 at 6%; with 50% employer match about $755,061 at 4% or $503,374 at 6%; with 100% employer match about $566,296 at 4% or $377,531 at 6%.
BABU PATEL, MD, P.C. DEFINED BENEFIT PLAN-6$1,342,567$250,000$41,667iApproximate average salary by contribution assumption: employee only about $1,041,667 at 4% or $694,444 at 6%; with 50% employer match about $694,444 at 4% or $462,963 at 6%; with 100% employer match about $520,833 at 4% or $347,222 at 6%.
Babu Patel, MD PC. Profit Sharing Plan-6$43,583$21,822$3,637iApproximate average salary by contribution assumption: employee only about $90,925 at 4% or $60,617 at 6%; with 50% employer match about $60,617 at 4% or $40,411 at 6%; with 100% employer match about $45,463 at 4% or $30,308 at 6%.
201525$1,075,151$254,281$50,856iApproximate average salary by contribution assumption: employee only about $1,271,405 at 4% or $847,603 at 6%; with 50% employer match about $847,603 at 4% or $565,069 at 6%; with 100% employer match about $635,703 at 4% or $423,802 at 6%.
BABU PATEL, MD, P.C. DEFINED BENEFIT PLAN-4$1,055,224$250,000$62,500iApproximate average salary by contribution assumption: employee only about $1,562,500 at 4% or $1,041,667 at 6%; with 50% employer match about $1,041,667 at 4% or $694,444 at 6%; with 100% employer match about $781,250 at 4% or $520,833 at 6%.
Babu Patel, MD PC. Profit Sharing Plan-5$19,927$4,281$856iApproximate average salary by contribution assumption: employee only about $21,405 at 4% or $14,270 at 6%; with 50% employer match about $14,270 at 4% or $9,513 at 6%; with 100% employer match about $10,703 at 4% or $7,135 at 6%.
201425$845,748$253,899$50,780iApproximate average salary by contribution assumption: employee only about $1,269,495 at 4% or $846,330 at 6%; with 50% employer match about $846,330 at 4% or $564,220 at 6%; with 100% employer match about $634,748 at 4% or $423,165 at 6%.
BABU PATEL, MD, P.C. DEFINED BENEFIT PLAN-5$829,719$250,000$50,000iApproximate average salary by contribution assumption: employee only about $1,250,000 at 4% or $833,333 at 6%; with 50% employer match about $833,333 at 4% or $555,556 at 6%; with 100% employer match about $625,000 at 4% or $416,667 at 6%.
Babu Patel, MD PC. Profit Sharing Plan-5$16,029$3,899$780iApproximate average salary by contribution assumption: employee only about $19,495 at 4% or $12,997 at 6%; with 50% employer match about $12,997 at 4% or $8,664 at 6%; with 100% employer match about $9,748 at 4% or $6,498 at 6%.
201325$583,407$253,631$50,726iApproximate average salary by contribution assumption: employee only about $1,268,155 at 4% or $845,437 at 6%; with 50% employer match about $845,437 at 4% or $563,624 at 6%; with 100% employer match about $634,078 at 4% or $422,718 at 6%.
BABU PATEL, MD, P.C. DEFINED BENEFIT PLAN-5$571,764$250,000$50,000iApproximate average salary by contribution assumption: employee only about $1,250,000 at 4% or $833,333 at 6%; with 50% employer match about $833,333 at 4% or $555,556 at 6%; with 100% employer match about $625,000 at 4% or $416,667 at 6%.
Babu Patel, MD PC. Profit Sharing Plan-5$11,643$3,631$726iApproximate average salary by contribution assumption: employee only about $18,155 at 4% or $12,103 at 6%; with 50% employer match about $12,103 at 4% or $8,069 at 6%; with 100% employer match about $9,078 at 4% or $6,052 at 6%.
201225$315,277$188,046$37,609iApproximate average salary by contribution assumption: employee only about $940,230 at 4% or $626,820 at 6%; with 50% employer match about $626,820 at 4% or $417,880 at 6%; with 100% employer match about $470,115 at 4% or $313,410 at 6%.
BABU PATEL, MD, P.C. DEFINED BENEFIT PLAN-5$308,183$185,386$37,077iApproximate average salary by contribution assumption: employee only about $926,930 at 4% or $617,953 at 6%; with 50% employer match about $617,953 at 4% or $411,969 at 6%; with 100% employer match about $463,465 at 4% or $308,977 at 6%.
Babu Patel, MD PC. Profit Sharing Plan-5$7,094$2,660$532iApproximate average salary by contribution assumption: employee only about $13,300 at 4% or $8,867 at 6%; with 50% employer match about $8,867 at 4% or $5,911 at 6%; with 100% employer match about $6,650 at 4% or $4,433 at 6%.
201123$120,988$120,988$40,329iApproximate average salary by contribution assumption: employee only about $1,008,233 at 4% or $672,156 at 6%; with 50% employer match about $672,156 at 4% or $448,104 at 6%; with 100% employer match about $504,117 at 4% or $336,078 at 6%.
BABU PATEL, MD, P.C. DEFINED BENEFIT PLAN-3$120,000$120,000$40,000iApproximate average salary by contribution assumption: employee only about $1,000,000 at 4% or $666,667 at 6%; with 50% employer match about $666,667 at 4% or $444,444 at 6%; with 100% employer match about $500,000 at 4% or $333,333 at 6%.
Babu Patel, MD PC. Profit Sharing Plan-1$988$988$988iApproximate average salary by contribution assumption: employee only about $24,700 at 4% or $16,467 at 6%; with 50% employer match about $16,467 at 4% or $10,978 at 6%; with 100% employer match about $12,350 at 4% or $8,233 at 6%.