Retirement plan

GARY S. SCHER, DDS & GREGORY G. MILLS, DDS, PA 401(K) PROFIT SHARING PLAN

Name: GARY S. SCHER, DDS & GREGORY G. MILLS, DDS, PA - GARY S. SCHER, DDS & GREGORY G. MILLS, DDS, PA 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: GARY S. SCHER, DDS & GREGORY G. MILLS, DDS, PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, GARY S. SCHER, DDS & GREGORY G. MILLS, DDS, PA 401(K) PROFIT SHARING PLAN, GARY S. SCHER, DDS & GREGORY G. MILLS, DDS, PA

GARY S. SCHER, DDS & GREGORY G. MILLS, DDS, PAEIN 22-2301042Plan #001PY 2021

505 HIGHWAY 79, P.O. BOX 190 - MORGANVILLE, NJ 077510190732-591-1550

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$4.8M

+14.2% from 2020

Total participants

+9.1% from 2020

Average account balance

$436,502

+3.8% from 2020

Annual return

15.56%

+4.74 pp from 2020

Benchmarks

See 103,184 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort103,184 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

Not enough data

0 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-67.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2G2J2R3D

Plan features

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$97K

$12162 / participant

Other / not subdivided$97K100.0%

% of EOY assets

2.026%

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

$436,502

$217,432+100.8%

$185,849+134.9%

$167,536+160.5%

Participation rate

87.5%

86.1%+1.4pp

81.7%+5.8pp

82.1%+5.4pp

Annual return

15.56%

148.42%-132.9pp

122.10%-106.5pp

478.82%-463.3pp

Employer contribution / active EE

$5,875-100.0%

$5,169-100.0%

$4,839-100.0%

Participant deferral / active EE

$2,434

$6,357-61.7%

$5,569-56.3%

$6,342-61.6%

Admin fee / account holder

$8,845

$19,818-55.4%

$16,244-45.5%

$12,315-28.2%

GARY S. SCHER, DDS & GREGORY G. MILLS, DDS, PA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

GARY S. SCHER, DDS & GREGORY G. MILLS, DDS, PA 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