Retirement plan

BERKS ORAL SURGERY, LTD. PROFIT SHARING PLAN

Name: BERKS ORAL SURGERY, LTD. - BERKS ORAL SURGERY, LTD. PROFIT SHARING PLAN (2024) Form 5500
Creator: BERKS ORAL SURGERY, LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BERKS ORAL SURGERY, LTD. PROFIT SHARING PLAN, BERKS ORAL SURGERY, LTD.

BERKS ORAL SURGERY, LTD.EIN 23-2001368Plan #004PY 2024

1075 BERKSHIRE BOULEVARD - WYOMISSING, PA 19610610-374-4093

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$15.2M

+18.6% from 2023

Total participants

106

+1.9% from 2023

Average account balance

$145,184

+17.5% from 2023

Annual return

13.69%

-4.48 pp from 2023

Benchmarks

See 21,729 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,729 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$18.13M

Not enough data

1 years with asset history on file

Average account balance

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

$160K

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.

113

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.

125.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.11M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+17.25%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7978

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 codes2E2F2G2J3D

Plan features

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

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

$449K

$4729 / participant

Other / not subdivided$449K100.0%

% of EOY assets

2.947%

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

$145,184

$81,276+78.6%

$155,574-6.7%

$80,925+79.4%

Participation rate

98.9%

66.2%+32.7pp

78.2%+20.7pp

67.7%+31.3pp

Annual return

13.69%

33.36%-19.7pp

64.87%-51.2pp

35.65%-22.0pp

Employer contribution / active EE

$7,454

$3,103+140.2%

$4,676+59.4%

$2,756+170.4%

Participant deferral / active EE

$3,428

$3,453-0.7%

$5,629-39.1%

$4,299-20.3%

Admin fee / account holder

$4,279

$7,993-46.5%

$15,914-73.1%

$6,940-38.3%

BERKS ORAL SURGERY, LTD. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BERKS ORAL SURGERY, LTD. 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