Retirement plan

WESTERN DENTAL SERVICES, INC. 401(K) PLAN

Name: WESTERN DENTAL SERVICES, INC. - WESTERN DENTAL SERVICES, INC. 401(K) PLAN (2022) 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 2022

530 SOUTH MAIN STREET, SUITE 600 - ORANGE, CA 92868800-417-4444LinkedIn1001-5000 employeeshospital & health care

Prospect flagsLow assets / participantLow employer contribution

How to read this page

Total assets (EOY)

$113.1M

+5.2% from 2021

Total participants

8,118

+36.4% from 2021

Average account balance

$16,360

-20.0% from 2021

Annual return

-5.43%

-15.95 pp from 2021

Benchmarks

See 229 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants5,000-9,999

Cohort229 peers

Snapshot2022

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

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
VOYA RETIREMENT INSURANCE & ANNUITY2 years Filed as: VOYA INSTITUTIONAL PLAN SERVICES Service code 35 · EIN 04-3516284	Account maintenance fees; Employee (p...	$254,598
MORGAN STANLEY SMITH BARNEY7 years Filed as: MORGAN STANLEY Service code 27 · EIN 26-4310632	Advisory (Plan)	$100,353
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT ADVISORS LLC Service code 26 · EIN 22-1862786	Advisory (Participants)	$16,607

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

2 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.

Expense breakdown

Schedule H Part II

Admin total

$735K

$101 / participant

Investment mgmt$100K13.6%
Other / not subdivided$635K86.4%

% of EOY assets

0.650%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,360

$52,346-68.7%

$143,799-88.6%

$78,104-79.1%

Participation rate

83.4%

72.7%+10.7pp

80.3%+3.1pp

74.5%+8.9pp

Annual return

-5.43%

-14.19%+8.8pp

-0.04%-5.4pp

10.90%-16.3pp

Employer contribution / active EE

$2,131-100.0%

$4,952-100.0%

$3,128-100.0%

Participant deferral / active EE

$2,638

$3,800-30.6%

$5,638-53.2%

$5,089-48.2%

Admin fee / account holder

$106

$63+67.7%

$14,677-99.3%

$79+34.7%

Provider

Service type

Compensation

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Filed as: VOYA INSTITUTIONAL PLAN SERVICES

Service code 35 · EIN 04-3516284

Account maintenance fees; Employee (p...

$254,598

MORGAN STANLEY SMITH BARNEY7 years

Filed as: MORGAN STANLEY

Service code 27 · EIN 26-4310632

Advisory (Plan)

$100,353

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT ADVISORS LLC

Service code 26 · EIN 22-1862786

Advisory (Participants)

$16,607

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