Retirement plan

VECCHIO & VECCHIO DDS, INC. EMPLOYEE PROFIT SHARING AND 401K PLAN

Name: VECCHIO & VECCHIO, DDS, INC. - VECCHIO & VECCHIO DDS, INC. EMPLOYEE PROFIT SHARING AND 401K PLAN (2024) Form 5500
Creator: VECCHIO & VECCHIO, DDS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, VECCHIO & VECCHIO DDS, INC. EMPLOYEE PROFIT SHARING AND 401K PLAN, VECCHIO & VECCHIO, DDS, INC.

VECCHIO & VECCHIO, DDS, INC.EIN 34-1183566Plan #002PY 2024

1288 NORTH ABBE ROAD - ELYRIA, OH 44035440-365-9580vecchiodds.comLinkedIn11-50 employeeshealth, wellness and fitness

Other plans on this EIN

1 filing

#003Retirement-$933K assets

Prospect flagsHigh fees

Top hat statement on fileNQDC

Filed March 22, 2023

Plan administrator

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1288 Abbe Rd N Ste. C

Elyria, OH 44035

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Plans declared (1)

Plan name not on file1 emp

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Total assets (EOY)

$2.8M

+27.8% from 2023

Total participants

+5.0% from 2023

Average account balance

$131,137

+21.7% from 2023

Annual return

18.18%

-7.57 pp from 2023

Benchmarks

See 109,210 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,210 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.75M

Not enough data

1 years with asset history on file

Average account balance

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

$131K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$207K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+18.18%

Not enough data

1 years with return on file

Admin fee / account holder

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

$932

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

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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 codes2E2G2J3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$20K

$1087 / participant

Other / not subdivided$20K100.0%

% of EOY assets

0.711%

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

$131,137

$183,539-28.6%

$155,556-15.7%

$145,897-10.1%

Participation rate

100.0%

82.7%+17.3pp

78.2%+21.8pp

80.3%+19.7pp

Annual return

18.18%

61.31%-43.1pp

64.84%-46.7pp

552.29%-534.1pp

Employer contribution / active EE

$4,673

$5,315-12.1%

$4,675-0.1%

$4,663+0.2%

Participant deferral / active EE

$6,813

$6,467+5.4%

$5,631+21.0%

$6,689+1.9%

Admin fee / account holder

$932

$19,275-95.2%

$15,885-94.1%

$13,390-93.0%

VECCHIO & VECCHIO DDS, INC. EMPLOYEE PROFIT SHARING AND 401K PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

VECCHIO & VECCHIO DDS, INC. EMPLOYEE PROFIT SHARING AND 401K PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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