Retirement plan

S. RUSSELL MULLEN, D.D.S., M.S., P.C. EMPLOYEES' PROFIT SHARING PLAN AND TRUST

Name: S. RUSSELL MULLEN, D.D.S., M.S., P.C. - S. RUSSELL MULLEN, D.D.S., M.S., P.C. EMPLOYEES' PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: S. RUSSELL MULLEN, D.D.S., M.S., P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, S. RUSSELL MULLEN, D.D.S., M.S., P.C. EMPLOYEES' PROFIT SHARING PLAN AND TRUST, S. RUSSELL MULLEN, D.D.S., M.S., P.C.

S. RUSSELL MULLEN, D.D.S., M.S., P.C.EIN 41-2127443Plan #001PY 2022

1509 DODONA TER., STE. 201 - LEESBURG, VA 201754710703-771-9887

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$1.8M

-13.0% from 2021

Total participants

-20.0% from 2021

Average account balance

$459,180

+8.7% from 2021

Annual return

-17.13%

-29.60 pp from 2021

Benchmarks

See 105,950 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,950 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.39M

Not enough data

1 years with asset history on file

Average account balance

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

$484K

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.

116.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$134K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

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

+16.95%

Not enough data

1 years with return on file

Admin fee / account holder

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

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 codes2E2G2J3D

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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$31K

$7806 / participant

Other / not subdivided$31K100.0%

% of EOY assets

1.700%

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

$459,180

$167,362+174.4%

$143,799+219.3%

$134,532+241.3%

Participation rate

100.0%

84.8%+15.2pp

80.3%+19.7pp

81.2%+18.8pp

Annual return

-17.13%

0.47%-17.6pp

-0.04%-17.1pp

418.27%-435.4pp

Employer contribution / active EE

$16,319

$5,620+190.3%

$4,952+229.5%

$4,741+244.2%

Participant deferral / active EE

$13,178

$6,447+104.4%

$5,638+133.7%

$6,401+105.9%

Admin fee / account holder

$7,806

$18,094-56.9%

$14,677-46.8%

$11,429-31.7%

S. RUSSELL MULLEN, D.D.S., M.S., P.C. EMPLOYEES' PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

S. RUSSELL MULLEN, D.D.S., M.S., P.C. EMPLOYEES' PROFIT SHARING PLAN AND TRUST

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