Retirement plan

ORAL & MAXILLOFACIAL SURGERY ASSOCIATES OF MICHIGAN PC PROFIT SHARING PLAN AND TRUST

Name: ORAL & MAXILLOFACIAL SURGERY ASSOCIATES OF MICHIGAN PC - ORAL & MAXILLOFACIAL SURGERY ASSOCIATES OF MICHIGAN PC PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: ORAL & MAXILLOFACIAL SURGERY ASSOCIATES OF MICHIGAN PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORAL & MAXILLOFACIAL SURGERY ASSOCIATES OF MICHIGAN PC PROFIT SHARING PLAN AND TRUST, ORAL & MAXILLOFACIAL SURGERY ASSOCIATES OF MICHIGAN PC

ORAL & MAXILLOFACIAL SURGERY ASSOCIATES OF MICHIGAN PCEIN 38-2076543Plan #002PY 2024

32905 WEST TWELVE MILE ROAD STE 200 - FARMINGTON HILLS, MI 483343344248-553-3280omsaofwm.comLinkedIn11-50 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.3M

-43.2% from 2023

Total participants

+3.2% from 2023

Average account balance

$71,744

-45.0% from 2023

Annual return

15.76%

-1.43 pp from 2023

Benchmarks

See 109,389 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,389 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.30M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$209K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+15.76%

Not enough data

1 years with return on file

Admin fee / account holder

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

$82596

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 codes2E2H2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.

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

$2.6M

$176205 / participant

Other / not subdivided$3M100.0%

% of EOY assets

115.127%

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

$71,744

$183,592-60.9%

$155,574-53.9%

$145,877-50.8%

Participation rate

100.0%

82.7%+17.3pp

78.2%+21.8pp

80.3%+19.7pp

Annual return

15.76%

61.37%-45.6pp

64.87%-49.1pp

551.28%-535.5pp

Employer contribution / active EE

$7,170

$5,317+34.9%

$4,676+53.3%

$4,663+53.8%

Participant deferral / active EE

$6,750

$6,466+4.4%

$5,629+19.9%

$6,691+0.9%

Admin fee / account holder

$82,596

$19,316+327.6%

$15,914+419.0%

$13,402+516.3%

ORAL & MAXILLOFACIAL SURGERY ASSOCIATES OF MICHIGAN PC PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORAL & MAXILLOFACIAL SURGERY ASSOCIATES OF MICHIGAN PC PROFIT SHARING PLAN AND TRUST

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