Retirement plan

MICHIGAN ORAL & MAXILLOFACIAL SURGEONS, P.C. EMPLOYEE PROFIT SHARING PLAN

Name: MICHIGAN ORAL & MAXILLOFACIAL SURGEONS, P.C. - MICHIGAN ORAL & MAXILLOFACIAL SURGEONS, P.C. EMPLOYEE PROFIT SHARING PLAN (2022) Form 5500
Creator: MICHIGAN ORAL & MAXILLOFACIAL SURGEONS, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MICHIGAN ORAL & MAXILLOFACIAL SURGEONS, P.C. EMPLOYEE PROFIT SHARING PLAN, MICHIGAN ORAL & MAXILLOFACIAL SURGEONS, P.C.

MICHIGAN ORAL & MAXILLOFACIAL SURGEONS, P.C.EIN 38-2319561Plan #003PY 2022

2058 S STATE ST STE 100 - ANN ARBOR, MI 481044787734-769-6745LinkedIn11-50 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$4.7M

-9.7% from 2021

Total participants

-7.9% from 2021

Average account balance

$147,576

-12.6% from 2021

Annual return

-18.13%

-30.99 pp from 2021

Benchmarks

See 105,930 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,930 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$6.39M

Not enough data

1 years with asset history on file

Average account balance

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

$182K

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.

106.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$451K

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

+11.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$22328

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 codes2E2F2G2J2T3D

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.
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.

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

$47K

$1942 / participant

Other / not subdivided$47K100.0%

% of EOY assets

0.987%

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

$147,576

$167,353-11.8%

$143,797+2.6%

$134,545+9.7%

Participation rate

87.5%

84.8%+2.7pp

80.3%+7.2pp

81.2%+6.3pp

Annual return

-18.13%

0.48%-18.6pp

-0.04%-18.1pp

418.37%-436.5pp

Employer contribution / active EE

$13,739

$5,620+144.5%

$4,952+177.4%

$4,742+189.8%

Participant deferral / active EE

$5,129

$6,447-20.4%

$5,638-9.0%

$6,401-19.9%

Admin fee / account holder

$1,456

$18,096-92.0%

$14,679-90.1%

$11,431-87.3%

MICHIGAN ORAL & MAXILLOFACIAL SURGEONS, P.C. EMPLOYEE PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MICHIGAN ORAL & MAXILLOFACIAL SURGEONS, P.C. EMPLOYEE PROFIT SHARING 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