Retirement plan

LIFETIME DENTAL CARE PLLC PROFIT SHARING/SAFE HARBOR 401(K) PLAN

Name: LIFETIME DENTAL CARE PLLC - LIFETIME DENTAL CARE PLLC PROFIT SHARING/SAFE HARBOR 401(K) PLAN (2022) Form 5500
Creator: LIFETIME DENTAL CARE PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIFETIME DENTAL CARE PLLC PROFIT SHARING/SAFE HARBOR 401(K) PLAN, LIFETIME DENTAL CARE PLLC

LIFETIME DENTAL CARE PLLCEIN 27-5034427Plan #001PY 2022

2528 SPRING ARBOR ROAD - JACKSON, MI 49203517-787-9171lifetimemetalsales.comLinkedIn1-10 employeesmechanical or industrial engineering

Prospect flagsLow fidelity bond

How to read this page

Total assets (EOY)

$1.4M

+9.0% from 2021

Total participants

+40.0% from 2021

Average account balance

$235,606

-9.2% from 2021

Annual return

-0.50%

-1.51 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

$1.86M

Not enough data

1 years with asset history on file

Average account balance

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

$233K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$171K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$29K

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

+5.57%

Not enough data

1 years with return on file

Admin fee / account holder

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

$3093

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 codes2E2F2G2J2T3B3D

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.
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

1 tripped

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

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

$235,606

$167,362+40.8%

$143,799+63.8%

$134,532+75.1%

Participation rate

85.7%

84.8%+0.9pp

80.3%+5.4pp

81.2%+4.5pp

Annual return

-0.50%

0.47%-1.0pp

-0.04%-0.5pp

418.27%-418.8pp

Employer contribution / active EE

$8,233

$5,620+46.5%

$4,952+66.3%

$4,741+73.7%

Participant deferral / active EE

$9,299

$6,447+44.2%

$5,638+64.9%

$6,401+45.3%

Admin fee / account holder

$18,094-100.0%

$14,677-100.0%

$11,429-100.0%

LIFETIME DENTAL CARE PLLC PROFIT SHARING/SAFE HARBOR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

LIFETIME DENTAL CARE PLLC PROFIT SHARING/SAFE HARBOR 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion