Retirement plan

SETH NEWMAN, D.D.S., P.C. EMPLOYEES' PROFIT SHARING PLAN AND TRUST

Name: SETH NEWMAN, D.D.S., P.C. - SETH NEWMAN, D.D.S., P.C. EMPLOYEES' PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: SETH NEWMAN, D.D.S., P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SETH NEWMAN, D.D.S., P.C. EMPLOYEES' PROFIT SHARING PLAN AND TRUST, SETH NEWMAN, D.D.S., P.C.

SETH NEWMAN, D.D.S., P.C.EIN 20-8041371Plan #001PY 2020

14 GLEN COVE ROAD - ROSLYN, NY 11577516-626-2060

Other plans on this EIN

2 filings

#002Retirement-$1.1M assets #003Retirement-$93K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.5M

+61.7% from 2019

Total participants

0.0% from 2019

Average account balance

$104,027

+61.7% from 2019

Annual return

53.06%

+39.80 pp from 2019

Benchmarks

See 102,125 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,125 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$2.30M

Not enough data

1 years with asset history on file

Average account balance

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

$89K

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.

260.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$30K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+41.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$170

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

See the 10-year trajectory. $4.99 for your first month.

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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 codes2D2E2G2J

Plan features

2D
Offset plan
Plan benefits are subject to offset for retirement benefits provided in another plan or arrangement of the employer.
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

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

$10K

$915 / participant

Other / not subdivided$10K100.0%

% of EOY assets

0.691%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$104,027

$209,411-50.3%

$178,490-41.7%

$158,922-34.5%

Participation rate

100.0%

86.3%+13.7pp

81.9%+18.1pp

82.0%+18.0pp

Annual return

53.06%

188.75%-135.7pp

151.07%-98.0pp

302.83%-249.8pp

Employer contribution / active EE

$2,956

$5,706-48.2%

$5,011-41.0%

$4,761-37.9%

Participant deferral / active EE

$4,487

$5,954-24.6%

$5,202-13.7%

$5,982-25.0%

Admin fee / account holder

$719

$17,074-95.8%

$13,984-94.9%

$11,246-93.6%

SETH NEWMAN, D.D.S., P.C. EMPLOYEES' PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SETH NEWMAN, D.D.S., P.C. EMPLOYEES' PROFIT SHARING PLAN AND 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