Retirement plan

BARRY FAMILY DENTAL GROUP 401K PLAN

Name: BARRY FAMILY DENTAL GROUP LLC - BARRY FAMILY DENTAL GROUP 401K PLAN (2022) Form 5500
Creator: BARRY FAMILY DENTAL GROUP LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BARRY FAMILY DENTAL GROUP 401K PLAN, BARRY FAMILY DENTAL GROUP LLC

BARRY FAMILY DENTAL GROUP LLCEIN 26-1588673Plan #002PY 2022

165 NORTH 400 WEST A-2 - OREM, UT 84057801-226-0441barryfamilydental.comLinkedIn11-50 employees

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$1.4M

-10.1% from 2021

Total participants

+26.6% from 2021

Average account balance

$21,502

-25.3% from 2021

Annual return

-16.61%

-28.52 pp from 2021

Benchmarks

See 105,950 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,950 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.85M

Not enough data

1 years with asset history on file

Average account balance

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

$28K

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.

319.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$112K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2669

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 codes2E2F2G2J2T3D

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$18K

$818 / participant

Other / not subdivided$18K100.0%

% of EOY assets

1.287%

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

$21,502

$167,362-87.2%

$143,799-85.0%

$134,532-84.0%

Participation rate

27.3%

84.8%-57.5pp

80.3%-53.0pp

81.2%-54.0pp

Annual return

-16.61%

0.47%-17.1pp

-0.04%-16.6pp

418.27%-434.9pp

Employer contribution / active EE

$1,414

$5,620-74.8%

$4,952-71.4%

$4,741-70.2%

Participant deferral / active EE

$3,680

$6,447-42.9%

$5,638-34.7%

$6,401-42.5%

Admin fee / account holder

$277

$18,094-98.5%

$14,677-98.1%

$11,429-97.6%

BARRY FAMILY DENTAL GROUP 401K PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BARRY FAMILY DENTAL GROUP 401K 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