Retirement plan

GRAND DENTAL ASSOCIATES, PC PROFIT SHARING 401(K) PLAN

Name: GRAND DENTAL ASSOCIATES, PC - GRAND DENTAL ASSOCIATES, PC PROFIT SHARING 401(K) PLAN (2024) Form 5500
Creator: GRAND DENTAL ASSOCIATES, PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GRAND DENTAL ASSOCIATES, PC PROFIT SHARING 401(K) PLAN, GRAND DENTAL ASSOCIATES, PC

GRAND DENTAL ASSOCIATES, PCEIN 20-3927440Plan #002PY 2024

1780 N. FARNSWORTH AVENUE - AURORA, IL 60505630-585-9333

Other plans on this EIN

1 filing

#003Retirement-$2.1M assets

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.1M

+20.7% from 2023

Total participants

121

-29.2% from 2023

Average account balance

$45,835

+83.2% from 2023

Annual return

15.68%

-8.57 pp from 2023

Benchmarks

See 21,691 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,691 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.13M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

112

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.

90.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$527K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+15.68%

Not enough data

1 years with return on file

Admin fee / account holder

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

$264

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
THE VANGUARD GROUP, INC.2 years Filed as: THE VANGUARD GROUP Service code 64 · EIN 23-1945930 1655 43RD STREET SOUTH, SUITE 100 · FARGO, ND 58103	Recordkeeping Fees	$17,405
HIGHTOWER ADVISORS LLC1 year Filed as: HIGHTOWER ADVISORS LLC / VALMARK Service code 27 · EIN 36-4500709 130 SPRINGSIDE DRIVE, SUITE 300 · AKRON, OH 44333	Advisory (Plan)	$15,707
CARNOW AND ASSOCIATES, LTD.1 year Filed as: CARNOW AND ASSOCIATES LTD. Service code 17 · EIN 36-4493622 2201 WAUKEGAN ROAD, SUITE 150 · BANNOCKBURN, IL 60015	Pension Consulting	$8,125

Plan features & details

Pension benefit codes2A2E2F2G2J3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$30K

$302 / participant

Other / not subdivided$30K100.0%

% of EOY assets

0.577%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WILKIN & GUTTENPLAN PC
Auditor EIN: 222612018
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,835

$81,358-43.7%

$155,556-70.5%

$80,959-43.4%

Participation rate

90.8%

66.3%+24.6pp

78.2%+12.6pp

67.7%+23.1pp

Annual return

15.68%

33.39%-17.7pp

64.84%-49.2pp

35.67%-20.0pp

Employer contribution / active EE

$2,116

$3,106-31.9%

$4,675-54.7%

$2,757-23.3%

Participant deferral / active EE

$3,260

$3,455-5.7%

$5,631-42.1%

$4,300-24.2%

Admin fee / account holder

$264

$7,994-96.7%

$15,885-98.3%

$6,925-96.2%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.2 years

Filed as: THE VANGUARD GROUP

Service code 64 · EIN 23-1945930

1655 43RD STREET SOUTH, SUITE 100 · FARGO, ND 58103

Recordkeeping Fees

$17,405

HIGHTOWER ADVISORS LLC1 year

Filed as: HIGHTOWER ADVISORS LLC / VALMARK

Service code 27 · EIN 36-4500709

130 SPRINGSIDE DRIVE, SUITE 300 · AKRON, OH 44333

Advisory (Plan)

$15,707

CARNOW AND ASSOCIATES, LTD.1 year

Filed as: CARNOW AND ASSOCIATES LTD.

Service code 17 · EIN 36-4493622

2201 WAUKEGAN ROAD, SUITE 150 · BANNOCKBURN, IL 60015

Pension Consulting

$8,125

GRAND DENTAL ASSOCIATES, PC PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GRAND DENTAL ASSOCIATES, PC PROFIT SHARING 401(K) 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