Retirement plan

BELIEVE DENTAL CARE 401(K) SAFE HARBOR RETIREMENT PLAN

Name: DRS. J. BRENNAN AND A. JOHNSON LTD. - BELIEVE DENTAL CARE 401(K) SAFE HARBOR RETIREMENT PLAN (2023) Form 5500
Creator: DRS. J. BRENNAN AND A. JOHNSON LTD.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BELIEVE DENTAL CARE 401(K) SAFE HARBOR RETIREMENT PLAN, DRS. J. BRENNAN AND A. JOHNSON LTD.

DRS. J. BRENNAN AND A. JOHNSON LTD.EIN 34-1819779Plan #333PY 2023

210 W. AIRPORT HWY. - SWANTON, OH 43558419-826-2525

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.1M

+9.3% from 2022

Total participants

-4.3% from 2022

Average account balance

$195,473

+19.7% from 2022

Annual return

14.75%

+29.87 pp from 2022

Benchmarks

See 107,994 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,994 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.31M

Not enough data

1 years with asset history on file

Average account balance

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

$165K

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.

105.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$137K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22360

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 codes2E2F2G2J3D

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.
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

$394K

$18775 / participant

Other / not subdivided$394K100.0%

% of EOY assets

9.605%

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

$195,473

$175,231+11.6%

$149,696+30.6%

$139,466+40.2%

Participation rate

95.2%

83.4%+11.8pp

78.8%+16.5pp

80.3%+14.9pp

Annual return

14.75%

166.77%-152.0pp

134.46%-119.7pp

373.66%-358.9pp

Employer contribution / active EE

$1,956

$5,478-64.3%

$4,821-59.4%

$4,754-58.8%

Participant deferral / active EE

$5,677

$6,521-13.0%

$5,682-0.1%

$6,712-15.4%

Admin fee / account holder

$18,775

$16,155+16.2%

$13,212+42.1%

$11,409+64.6%

BELIEVE DENTAL CARE 401(K) SAFE HARBOR RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BELIEVE DENTAL CARE 401(K) SAFE HARBOR RETIREMENT 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