Retirement plan

KENT FAMILY DENTAL CARE PC PROFIT SHARING & SAVINGS PLAN

Name: KENT FAMILY DENTAL CARE, P.C. - KENT FAMILY DENTAL CARE PC PROFIT SHARING & SAVINGS PLAN (2024) Form 5500
Creator: KENT FAMILY DENTAL CARE, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KENT FAMILY DENTAL CARE PC PROFIT SHARING & SAVINGS PLAN, KENT FAMILY DENTAL CARE, P.C.

KENT FAMILY DENTAL CARE, P.C.EIN 38-2904507Plan #001PY 2024

2515 ALPINE NW - GRAND RAPIDS, MI 495441924616-364-9348LinkedIn11-50 employeesbiotechnology

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$2.4M

+9.9% from 2023

Total participants

0.0% from 2023

Average account balance

$93,168

+9.9% from 2023

Annual return

15.55%

-8.41 pp from 2023

Benchmarks

See 109,510 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,510 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.42M

Not enough data

1 years with asset history on file

Average account balance

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

$93K

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.

130.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$197K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+15.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

$12882

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 codes2E2G2J

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.

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

$335K

$16747 / participant

Other / not subdivided$335K100.0%

% of EOY assets

13.827%

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

$93,168

$183,627-49.3%

$155,602-40.1%

$145,978-36.2%

Participation rate

100.0%

82.7%+17.3pp

78.2%+21.8pp

80.3%+19.7pp

Annual return

15.55%

61.32%-45.8pp

64.81%-49.3pp

550.52%-535.0pp

Employer contribution / active EE

$3,745

$5,316-29.6%

$4,675-19.9%

$4,662-19.7%

Participant deferral / active EE

$6,129

$6,466-5.2%

$5,629+8.9%

$6,690-8.4%

Admin fee / account holder

$12,882

$19,327-33.3%

$15,923-19.1%

$13,400-3.9%

KENT FAMILY DENTAL CARE PC PROFIT SHARING & SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KENT FAMILY DENTAL CARE PC PROFIT SHARING & SAVINGS 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