Retirement plan

WESTERN DENTAL SERVICES, INC. 401(K) PLAN

Name: WESTERN DENTAL SERVICES, INC. - WESTERN DENTAL SERVICES, INC. 401(K) PLAN (2019) Form 5500
Creator: WESTERN DENTAL SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN DENTAL SERVICES, INC. 401(K) PLAN, WESTERN DENTAL SERVICES, INC.

WESTERN DENTAL SERVICES, INC.EIN 33-0065869Plan #001PY 2019

530 SOUTH MAIN ST., SUITE 600 - ORANGE, CA 92868866-523-4359LinkedIn1001-5000 employeeshospital & health care

Prospect flagsLow assets / participantLow employer contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$71M

+52.3% from 2018

Total participants

5,860

+19.4% from 2018

Average account balance

$12,713

+22.0% from 2018

Annual return

33.19%

+41.38 pp from 2018

Benchmarks

See 235 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort235 peers

Snapshot2019

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$153.89M

Not enough data

1 years with asset history on file

Average account balance

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

$25K

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.

6,219

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.

85.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$22.75M

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

+8.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$71

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

1 years with F_SCH_H allocation on file

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS4 years Service code 12 · EIN 13-3689044	Direct payment from the plan; Finders...	$326,463
MORGAN STANLEY SMITH BARNEY4 years Filed as: MORGAN STANLEY Service code 27 · EIN 26-4310632	Advisory (Plan)	$80,421
FOLEY & LARDNER LLP1 year Filed as: FOLEY & LARDNER, LLP Service code 29 · EIN 39-0473800	Legal	$72,834
SRG LLP1 year Filed as: SRG, LLP Service code 10 · EIN 95-4476507	Accounting	$16,150
MID ATLANTIC CAPITAL CORPORATION2 years Service code 33 · EIN 25-1409618	Securities brokerage; Securities brok...	$0
NATIONAL FINANCIAL SERVICES4 years Service code 33 · EIN 04-3523567	Securities brokerage; Securities brok...	$0

Plan features & details

Pension benefit codes2E2F2G2J2S2T3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$496K

$96 / participant

Investment mgmt$80K16.2%
Other / not subdivided$415K83.8%

% of EOY assets

0.699%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PENSION ASSURANCE LLP
Auditor EIN: 300840934
Audit fees: (not subdivided)
Opinion code: Disclaimer

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$12,713

$53,565-76.3%

$172,739-92.6%

$82,204-84.5%

Participation rate

94.6%

69.6%+25.0pp

82.6%+12.0pp

73.4%+21.2pp

Annual return

33.19%

31.42%+1.8pp

802.84%-769.6pp

26.31%+6.9pp

Employer contribution / active EE

$1,857-100.0%

$5,143-100.0%

$2,707-100.0%

Participant deferral / active EE

$2,604

$3,006-13.3%

$5,198-49.9%

$4,246-38.7%

Admin fee / account holder

$89

$61+44.7%

$13,954-99.4%

$76+17.5%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS4 years

Service code 12 · EIN 13-3689044

Direct payment from the plan; Finders...

$326,463

MORGAN STANLEY SMITH BARNEY4 years

Filed as: MORGAN STANLEY

Service code 27 · EIN 26-4310632

Advisory (Plan)

$80,421

FOLEY & LARDNER LLP1 year

Filed as: FOLEY & LARDNER, LLP

Service code 29 · EIN 39-0473800

Legal

$72,834

SRG LLP1 year

Filed as: SRG, LLP

Service code 10 · EIN 95-4476507

Accounting

$16,150

MID ATLANTIC CAPITAL CORPORATION2 years

Service code 33 · EIN 25-1409618

Securities brokerage; Securities brok...

NATIONAL FINANCIAL SERVICES4 years

Service code 33 · EIN 04-3523567

Securities brokerage; Securities brok...

WESTERN DENTAL SERVICES, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN DENTAL SERVICES, INC. 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