Retirement plan

PAUL T. DAVIS, D.M.D., P.A. PROFIT SHARING 401(K) PLAN & TRUST

Name: PAUL T. DAVIS, D.M.D., P.A. - PAUL T. DAVIS, D.M.D., P.A. PROFIT SHARING 401(K) PLAN & TRUST (2024) Form 5500
Creator: PAUL T. DAVIS, D.M.D., P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PAUL T. DAVIS, D.M.D., P.A. PROFIT SHARING 401(K) PLAN & TRUST, PAUL T. DAVIS, D.M.D., P.A.

PAUL T. DAVIS, D.M.D., P.A.EIN 20-5067385Plan #001PY 2024

220 CHEROKEE ROAD, SUITE A - FLORENCE, SC 29501843-662-6255LinkedIn1-10 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.2M

+20.8% from 2023

Total participants

+22.2% from 2023

Average account balance

$137,337

+20.8% from 2023

Annual return

10.98%

-4.49 pp from 2023

Benchmarks

See 109,210 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,210 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.24M

Not enough data

1 years with asset history on file

Average account balance

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

$137K

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.

81.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$109K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+10.98%

Not enough data

1 years with return on file

Admin fee / account holder

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

$933

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

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

$8K

$764 / participant

Other / not subdivided$8K100.0%

% of EOY assets

0.680%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

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

$137,337

$183,539-25.2%

$155,556-11.7%

$145,897-5.9%

Participation rate

81.8%

82.7%-0.9pp

78.2%+3.6pp

80.3%+1.5pp

Annual return

10.98%

61.31%-50.3pp

64.84%-53.9pp

552.29%-541.3pp

Employer contribution / active EE

$3,187

$5,315-40.0%

$4,675-31.8%

$4,663-31.6%

Participant deferral / active EE

$6,722

$6,467+3.9%

$5,631+19.4%

$6,689+0.5%

Admin fee / account holder

$933

$19,275-95.2%

$15,885-94.1%

$13,390-93.0%

PAUL T. DAVIS, D.M.D., P.A. PROFIT SHARING 401(K) PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PAUL T. DAVIS, D.M.D., P.A. PROFIT SHARING 401(K) PLAN & TRUST

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