Retirement plan

DENTAL FACULTY PRACTICE ASSOCIATION, INC. MONEY PURCHASE PENSION PLAN NO. 002

Name: DENTAL FACULTY PRACTICE ASSOCIATION, INC. - DENTAL FACULTY PRACTICE ASSOCIATION, INC. MONEY PURCHASE PENSION PLAN NO. 002 (2023) Form 5500
Creator: DENTAL FACULTY PRACTICE ASSOCIATION, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DENTAL FACULTY PRACTICE ASSOCIATION, INC. MONEY PURCHASE PENSION PLAN NO. 002, DENTAL FACULTY PRACTICE ASSOCIATION, INC.

DENTAL FACULTY PRACTICE ASSOCIATION, INC.EIN 31-1203750Plan #002PY 2023

305 WEST 12TH AVENUE - COLUMBUS, OH 43210614-292-3333smileexperts.osu.eduLinkedIn11-50 employees

Other plans on this EIN

2 filings

#003Retirement-$4.0M assets #001Retirement-$771K assets

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$3.4M

-18.2% from 2022

Total participants

-3.2% from 2022

Average account balance

$55,593

-15.5% from 2022

Annual return

12.15%

+25.86 pp from 2022

Benchmarks

See 20,804 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,804 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.68M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

169.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$158K

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

+14.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6725

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 codes2C2G2R2T

Plan features

2C
Money purchase plan
Money purchase pension plan other than a target benefit 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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.4M

$35407 / participant

Other / not subdivided$1M100.0%

% of EOY assets

41.764%

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

$55,593

$77,901-28.6%

$149,717-62.9%

$75,181-26.1%

Participation rate

100.0%

65.6%+34.4pp

78.8%+21.2pp

67.2%+32.8pp

Annual return

12.15%

31.73%-19.6pp

134.41%-122.3pp

160.69%-148.5pp

Employer contribution / active EE

$3,451

$3,137+10.0%

$4,820-28.4%

$2,671+29.2%

Participant deferral / active EE

$3,411-100.0%

$5,682-100.0%

$4,126-100.0%

Admin fee / account holder

$23,218

$5,949+290.3%

$13,213+75.7%

$5,650+310.9%

DENTAL FACULTY PRACTICE ASSOCIATION, INC. MONEY PURCHASE PENSION PLAN NO. 002

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DENTAL FACULTY PRACTICE ASSOCIATION, INC. MONEY PURCHASE PENSION PLAN NO. 002

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