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 (2019) 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 2019

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

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)

$1.4M

+28.0% from 2018

Total participants

0.0% from 2018

Average account balance

$86,770

+28.0% from 2018

Annual return

17.97%

+20.74 pp from 2018

Benchmarks

See 104,307 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort104,307 peers

Snapshot2019

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

$53K

$3526 / participant

Other / not subdivided$53K100.0%

% of EOY assets

3.810%

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

$86,770

$202,342-57.1%

$172,752-49.8%

$152,897-43.2%

Participation rate

100.0%

87.1%+12.9pp

82.6%+17.4pp

82.5%+17.5pp

Annual return

17.97%

1029.83%-1011.9pp

802.97%-785.0pp

345.43%-327.5pp

Employer contribution / active EE

$4,823

$5,858-17.7%

$5,144-6.3%

$4,764+1.2%

Participant deferral / active EE

$5,270

$5,948-11.4%

$5,198+1.4%

$5,851-9.9%

Admin fee / account holder

$3,306

$17,111-80.7%

$13,955-76.3%

$11,599-71.5%

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