Retirement plan

ORAL & MAXILLOFACIAL SURGICAL ASSOCIATES, P.A. PROFIT SHARING 401(K) PLAN

Name: ORAL & MAXILLOFACIAL SURGICAL ASSOCIATES, P.A. - ORAL & MAXILLOFACIAL SURGICAL ASSOCIATES, P.A. PROFIT SHARING 401(K) PLAN (2024) Form 5500
Creator: ORAL & MAXILLOFACIAL SURGICAL ASSOCIATES, P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORAL & MAXILLOFACIAL SURGICAL ASSOCIATES, P.A. PROFIT SHARING 401(K) PLAN, ORAL & MAXILLOFACIAL SURGICAL ASSOCIATES, P.A.

ORAL & MAXILLOFACIAL SURGICAL ASSOCIATES, P.A.EIN 41-0956255Plan #001PY 2024

1000 EAST FIRST STREET SUITE 108 - DULUTH, MN 55805218-722-1854omscmn.comLinkedIn51-200 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.3M

-5.0% from 2023

Total participants

-5.6% from 2023

Average account balance

$156,145

-5.0% from 2023

Annual return

15.03%

-2.19 pp from 2023

Benchmarks

See 109,631 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,631 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$5.31M

Not enough data

1 years with asset history on file

Average account balance

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

$156K

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.

178.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$362K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+15.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$44146

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

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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

$1.5M

$78999 / participant

Other / not subdivided$2M100.0%

% of EOY assets

28.273%

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: -

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$156,145

$183,592-15.0%

$155,567+0.4%

$145,959+7.0%

Participation rate

100.0%

82.7%+17.3pp

78.2%+21.8pp

80.3%+19.7pp

Annual return

15.03%

61.24%-46.2pp

64.74%-49.7pp

561.95%-546.9pp

Employer contribution / active EE

$12,284

$5,315+131.1%

$4,674+162.8%

$4,661+163.6%

Participant deferral / active EE

$6,749

$6,464+4.4%

$5,628+19.9%

$6,689+0.9%

Admin fee / account holder

$44,146

$19,318+128.5%

$15,916+177.4%

$13,398+229.5%

ORAL & MAXILLOFACIAL SURGICAL ASSOCIATES, P.A. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORAL & MAXILLOFACIAL SURGICAL ASSOCIATES, P.A. PROFIT SHARING 401(K) 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