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 (2023) 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 2023

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)

$6M

+26.6% from 2022

Total participants

+8.6% from 2022

Average account balance

$170,801

+15.7% from 2022

Annual return

18.70%

+36.83 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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

$43K

$1550 / participant

Other / not subdivided$43K100.0%

% of EOY assets

0.726%

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

$170,801

$77,908+119.2%

$149,696+14.1%

$75,173+127.2%

Participation rate

89.3%

65.6%+23.7pp

78.8%+10.5pp

67.2%+22.1pp

Annual return

18.70%

31.73%-13.0pp

134.46%-115.8pp

160.72%-142.0pp

Employer contribution / active EE

$8,049

$3,138+156.5%

$4,821+67.0%

$2,671+201.4%

Participant deferral / active EE

$5,768

$3,411+69.1%

$5,682+1.5%

$4,126+39.8%

Admin fee / account holder

$1,240

$5,950-79.2%

$13,212-90.6%

$5,651-78.1%

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