Retirement plan

THOMAS D. SCHOFIELD, DMD & STEPHEN R. MARTIN, DMD, PC 401(K) PLAN AND TRUST

Name: THOMAS D. SCHOFIELD, DMD & STEPHEN R. MARTIN, DMD, PC - THOMAS D. SCHOFIELD, DMD & STEPHEN R. MARTIN, DMD, PC 401(K) PLAN AND TRUST (2019) Form 5500
Creator: THOMAS D. SCHOFIELD, DMD & STEPHEN R. MARTIN, DMD, PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THOMAS D. SCHOFIELD, DMD & STEPHEN R. MARTIN, DMD, PC 401(K) PLAN AND TRUST, THOMAS D. SCHOFIELD, DMD & STEPHEN R. MARTIN, DMD, PC

THOMAS D. SCHOFIELD, DMD & STEPHEN R. MARTIN, DMD, PCEIN 04-3064022Plan #001PY 2019

200 LITTLETON ROAD - WESTFORD, MA 018863534978-692-7563

Prospect flagsHigh assets / participantLow fidelity bond

How to read this page

Total assets (EOY)

$4.5M

+24.4% from 2018

Total participants

+6.3% from 2018

Average account balance

$263,455

+17.1% from 2018

Annual return

17.88%

+22.27 pp from 2018

Benchmarks

See 104,307 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort104,307 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.30M

Not enough data

1 years with asset history on file

Average account balance

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

$300K

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.

131.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$250K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+11.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$280

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 codes2E2H2J2R3D

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.
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

2 tripped

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

$263,455

$202,342+30.2%

$172,752+52.5%

$152,897+72.3%

Participation rate

100.0%

87.1%+12.9pp

82.6%+17.4pp

82.5%+17.5pp

Annual return

17.88%

1029.83%-1011.9pp

802.97%-785.1pp

345.43%-327.5pp

Employer contribution / active EE

$7,222

$5,858+23.3%

$5,144+40.4%

$4,764+51.6%

Participant deferral / active EE

$7,521

$5,948+26.4%

$5,198+44.7%

$5,851+28.5%

Admin fee / account holder

$17,111-100.0%

$13,955-100.0%

$11,599-100.0%

THOMAS D. SCHOFIELD, DMD & STEPHEN R. MARTIN, DMD, PC 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

THOMAS D. SCHOFIELD, DMD & STEPHEN R. MARTIN, DMD, PC 401(K) PLAN AND TRUST

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