Retirement plan

HAMILTON DENTAL ASSOCIATES, P.A. 401(K) PROFIT SHARING PLAN

Name: HAMILTON DENTAL ASSOCIATES, P.A. - HAMILTON DENTAL ASSOCIATES, P.A. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: HAMILTON DENTAL ASSOCIATES, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HAMILTON DENTAL ASSOCIATES, P.A. 401(K) PROFIT SHARING PLAN, HAMILTON DENTAL ASSOCIATES, P.A.

HAMILTON DENTAL ASSOCIATES, P.A.EIN 22-1896752Plan #001PY 2021

2929 KLOCKNER ROAD - HAMILTON SQUARE, NJ 08690609-586-6603hamiltondental.comLinkedIn51-200 employeesmedical practice

Other plans on this EIN

1 filing

#002Retirement-$1.3M assets

Prospect flagsHigh feesHigh cashLow employer contribution

How to read this page

Total assets (EOY)

$14.1M

+12.3% from 2020

Total participants

119

-15.0% from 2020

Average account balance

$137,293

+17.8% from 2020

Annual return

15.82%

+7.12 pp from 2020

Benchmarks

See 18,811 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,811 peers

Snapshot2021

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$17.11M

Not enough data

1 years with asset history on file

Average account balance

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

$165K

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.

104

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.

88.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$430K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+13.43%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3679

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
ADP BROKER-DEALER4 years Filed as: ADP, LLC Service code 15 · EIN 13-3036745	Recordkeeping	$0
COMMONWEALTH FINANCIAL NETWORK2 years Filed as: COMMONWEALTH EQUITY SERVICE, INC. Service code 15 · EIN 04-2675571 29 SAWYER ROAD · WALTHAM, MA 024533483	Recordkeeping	$0
WILKIN & GUTTENPLAN, PC2 years Filed as: WILKIN & GUTTENPLAN P.C Service code 10 · EIN 22-2612018 1200 TICES LANE · EAST BRUNSWICK, NJ 08816	Accounting	$0

Plan features & details

Pension benefit codes2A2E2H2J2K2T3D

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.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$43K

$478 / participant

Other / not subdivided$43K100.0%

% of EOY assets

0.304%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: WILKIN & GUTTENPLAN P.C.
Auditor EIN: 222612018
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$137,293

$95,416+43.9%

$185,823-26.1%

$85,850+59.9%

Participation rate

82.2%

68.8%+13.5pp

81.7%+0.5pp

69.3%+12.9pp

Annual return

15.82%

23.59%-7.8pp

122.05%-106.2pp

318.53%-302.7pp

Employer contribution / active EE

$380

$3,314-88.5%

$5,167-92.6%

$2,565-85.2%

Participant deferral / active EE

$3,829

$3,423+11.8%

$5,568-31.2%

$3,952-3.1%

Admin fee / account holder

$418

$7,213-94.2%

$16,237-97.4%

$6,260-93.3%

Provider

Service type

Compensation

ADP BROKER-DEALER4 years

Filed as: ADP, LLC

Service code 15 · EIN 13-3036745

Recordkeeping

COMMONWEALTH FINANCIAL NETWORK2 years

Filed as: COMMONWEALTH EQUITY SERVICE, INC.

Service code 15 · EIN 04-2675571

29 SAWYER ROAD · WALTHAM, MA 024533483

Recordkeeping

WILKIN & GUTTENPLAN, PC2 years

Filed as: WILKIN & GUTTENPLAN P.C

Service code 10 · EIN 22-2612018

1200 TICES LANE · EAST BRUNSWICK, NJ 08816

Accounting

HAMILTON DENTAL ASSOCIATES, P.A. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HAMILTON DENTAL ASSOCIATES, P.A. 401(K) PROFIT SHARING 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