Retirement plan

JOSH L SIMPSON DMD PLLC 41 (K) PROFIT SHARING PLAN

Name: JOSH L. SIMPSON DMD PLLC - JOSH L SIMPSON DMD PLLC 41 (K) PROFIT SHARING PLAN (2023) Form 5500
Creator: JOSH L. SIMPSON DMD PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JOSH L SIMPSON DMD PLLC 41 (K) PROFIT SHARING PLAN, JOSH L. SIMPSON DMD PLLC

JOSH L. SIMPSON DMD PLLCEIN 01-0883510Plan #001PY 2023

P O BOX 990 - MCCOMB, MS 396490990601-684-2351

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$505K

+30.2% from 2022

Total participants

-9.1% from 2022

Average account balance

$50,499

+4.2% from 2022

Annual return

12.54%

+31.33 pp from 2022

Benchmarks

See 108,045 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort108,045 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$889K

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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

$95K

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

+20.21%

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 codes2E2G2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.

Opportunity flags

1 tripped

ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

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

$50,499

$175,257-71.2%

$149,717-66.3%

$139,456-63.8%

Participation rate

100.0%

83.4%+16.6pp

78.8%+21.2pp

80.3%+19.7pp

Annual return

12.54%

166.70%-154.2pp

134.41%-121.9pp

373.45%-360.9pp

Employer contribution / active EE

$2,778

$5,477-49.3%

$4,820-42.4%

$4,753-41.6%

Participant deferral / active EE

$5,788

$6,521-11.2%

$5,682+1.9%

$6,711-13.8%

Admin fee / account holder

$16,156-100.0%

$13,213-100.0%

$11,407-100.0%

JOSH L SIMPSON DMD PLLC 41 (K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

JOSH L SIMPSON DMD PLLC 41 (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