Retirement plan

HENRICKSON SHEIKH DENTAL ASSOCIATES, LLC 401(K) PROFIT SHARING PLAN

Name: HENRICKSON SHEIKH DENTAL ASSOCIATES, LLC - HENRICKSON SHEIKH DENTAL ASSOCIATES, LLC 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: HENRICKSON SHEIKH DENTAL ASSOCIATES, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HENRICKSON SHEIKH DENTAL ASSOCIATES, LLC 401(K) PROFIT SHARING PLAN, HENRICKSON SHEIKH DENTAL ASSOCIATES, LLC

HENRICKSON SHEIKH DENTAL ASSOCIATES, LLCEIN 23-2184009Plan #001PY 2020

27 BLACKSMITH ROAD, SUITE 101 - NEWTOWN, PA 18940215-968-4400

Prospect flagsHigh feesLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$500K

+10.3% from 2019

Total participants

-6.7% from 2019

Average account balance

$45,476

+10.3% from 2019

Annual return

11.54%

-8.20 pp from 2019

Benchmarks

See 102,091 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,091 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$688K

Not enough data

1 years with asset history on file

Average account balance

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

$76K

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.

90.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$38K

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

+12.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1554

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 codes2F2G2J3D

Plan features

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

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.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$49K

$4931 / participant

Other / not subdivided$49K100.0%

% of EOY assets

9.857%

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

$45,476

$209,422-78.3%

$178,503-74.5%

$158,982-71.4%

Participation rate

70.0%

86.4%-16.4pp

81.9%-11.9pp

82.0%-12.0pp

Annual return

11.54%

188.81%-177.3pp

151.12%-139.6pp

302.99%-291.5pp

Employer contribution / active EE

$1,158

$5,707-79.7%

$5,011-76.9%

$4,763-75.7%

Participant deferral / active EE

$2,793

$5,955-53.1%

$5,202-46.3%

$5,983-53.3%

Admin fee / account holder

$4,483

$17,079-73.8%

$13,987-68.0%

$11,252-60.2%

HENRICKSON SHEIKH DENTAL ASSOCIATES, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HENRICKSON SHEIKH DENTAL ASSOCIATES, LLC 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