Retirement plan

MARK B JACOB., D.D.S., M.S. 401(K) PLAN

Name: MARK B. JACOB, D.D.S., M.S., P.C. - MARK B JACOB., D.D.S., M.S. 401(K) PLAN (2024) Form 5500
Creator: MARK B. JACOB, D.D.S., M.S., P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARK B JACOB., D.D.S., M.S. 401(K) PLAN, MARK B. JACOB, D.D.S., M.S., P.C.

MARK B. JACOB, D.D.S., M.S., P.C.EIN 27-4347367Plan #002PY 2024

1893 SHERIDAN ROAD SUITE 311 - HIGHLAND PARK, IL 600352628847-433-2090

Other plans on this EIN

1 filing

#001Retirement-$4.2M assets

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$1.6M

+28.5% from 2023

Total participants

+45.5% from 2023

Average account balance

$144,004

+16.8% from 2023

Annual return

12.95%

-2.50 pp from 2023

Benchmarks

See 109,389 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,389 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.58M

Not enough data

1 years with asset history on file

Average account balance

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

$144K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$193K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+12.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

$160

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 codes2E2G2J3B3D

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

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

$2K

$160 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.111%

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

$144,004

$183,592-21.6%

$155,574-7.4%

$145,877-1.3%

Participation rate

54.5%

82.7%-28.2pp

78.2%-23.7pp

80.3%-25.8pp

Annual return

12.95%

61.37%-48.4pp

64.87%-51.9pp

551.28%-538.3pp

Employer contribution / active EE

$11,841

$5,317+122.7%

$4,676+153.2%

$4,663+153.9%

Participant deferral / active EE

$5,700

$6,466-11.8%

$5,629+1.3%

$6,691-14.8%

Admin fee / account holder

$160

$19,316-99.2%

$15,914-99.0%

$13,402-98.8%

MARK B JACOB., D.D.S., M.S. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARK B JACOB., D.D.S., M.S. 401(K) 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