Retirement plan

DENTAL ASSOCIATES EMPLOYEE SAVINGS PLAN

Name: DENTAL ASSOCIATES OF CONNECTICUT, P.C. - DENTAL ASSOCIATES EMPLOYEE SAVINGS PLAN (2022) Form 5500
Creator: DENTAL ASSOCIATES OF CONNECTICUT, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DENTAL ASSOCIATES EMPLOYEE SAVINGS PLAN, DENTAL ASSOCIATES OF CONNECTICUT, P.C.

DENTAL ASSOCIATES OF CONNECTICUT, P.C.EIN 06-0889382Plan #002PY 2022

4 MOUNTAINVIEW TERRACE, 201 - DANBURY, CT 06810203-730-1267

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$27.8M

-11.2% from 2021

Total participants

338

+13.4% from 2021

Average account balance

$82,184

-21.7% from 2021

Annual return

-14.12%

-29.38 pp from 2021

Benchmarks

See 3,875 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,875 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$33.93M

Not enough data

1 years with asset history on file

Average account balance

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

$86K

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.

396

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.

86.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.59M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.67%

Not enough data

1 years with return on file

Admin fee / account holder

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

$322

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND5 years Service code 13 · EIN 06-1050034	Contract Administrator	$59,343
PROCYON INSTITUTIONAL PARTNERS LLC1 year Filed as: PROCYON ADVISORS, LLC Service code 27 · EIN 82-1652002	Advisory (Plan)	$50,000
PRUDENTIAL RETIREMENT INSURANCE AND5 years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2F2G2J3D2S2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$179K

$634 / participant

Investment mgmt$50K28.0%
Contract admin$59K33.2%
Other / not subdivided$70K38.9%

% of EOY assets

0.644%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: APICELLA TESTA & CO., PC
Auditor EIN: 060876812
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,184

$46,332+77.4%

$143,799-42.8%

$64,819+26.8%

Participation rate

100.0%

64.2%+35.8pp

80.3%+19.7pp

71.5%+28.5pp

Annual return

-14.12%

-10.05%-4.1pp

-0.04%-14.1pp

32.84%-47.0pp

Employer contribution / active EE

$3,336

$1,911+74.6%

$4,952-32.6%

$2,507+33.1%

Participant deferral / active EE

$3,932

$2,647+48.5%

$5,638-30.3%

$4,311-8.8%

Admin fee / account holder

$529

$154+244.0%

$14,677-96.4%

$188+181.8%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND5 years

Service code 13 · EIN 06-1050034

Contract Administrator

$59,343

PROCYON INSTITUTIONAL PARTNERS LLC1 year

Filed as: PROCYON ADVISORS, LLC

Service code 27 · EIN 82-1652002

Advisory (Plan)

$50,000

PRUDENTIAL RETIREMENT INSURANCE AND5 years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 15

Recordkeeping

DENTAL ASSOCIATES EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DENTAL ASSOCIATES EMPLOYEE SAVINGS 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