Retirement plan

AMERICAN DENTAL PROFESSIONALS, SC PROFIT SHARING PLAN

Name: AMERICAN DENTAL PROFESSIONALS, SC - AMERICAN DENTAL PROFESSIONALS, SC PROFIT SHARING PLAN (2022) Form 5500
Creator: AMERICAN DENTAL PROFESSIONALS, SC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMERICAN DENTAL PROFESSIONALS, SC PROFIT SHARING PLAN, AMERICAN DENTAL PROFESSIONALS, SC

AMERICAN DENTAL PROFESSIONALS, SCEIN 38-3843466Plan #001PY 2022

2675 N. MAYFAIR ROAD, SUITE 650 - WAUWATOSA, WI 53226414-257-1230amdentpro.comLinkedIn1-10 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$981K

-19.5% from 2021

Total participants

-9.1% from 2021

Average account balance

$108,993

-1.6% from 2021

Annual return

-15.46%

-28.91 pp from 2021

Benchmarks

See 105,966 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,966 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.42M

Not enough data

1 years with asset history on file

Average account balance

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

$158K

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.

128.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$83K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+11.70%

Not enough data

1 years with return on file

Admin fee / account holder

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

$4072

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

$135K

$14958 / participant

Other / not subdivided$135K100.0%

% of EOY assets

13.724%

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

$108,993

$167,352-34.9%

$143,788-24.2%

$134,509-19.0%

Participation rate

88.9%

84.8%+4.1pp

80.3%+8.6pp

81.2%+7.7pp

Annual return

-15.46%

0.47%-15.9pp

-0.03%-15.4pp

418.13%-433.6pp

Employer contribution / active EE

$2,156

$5,620-61.6%

$4,952-56.5%

$4,741-54.5%

Participant deferral / active EE

$6,679

$6,447+3.6%

$5,638+18.5%

$6,400+4.4%

Admin fee / account holder

$14,958

$18,091-17.3%

$14,675+1.9%

$11,427+30.9%

AMERICAN DENTAL PROFESSIONALS, SC PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMERICAN DENTAL PROFESSIONALS, SC 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