Retirement plan

DR. RITA S. MITBAVKAR, DDS, INC. RETIREMENT PLAN

Name: DR. RITA S. MITBAVKAR, DDS, INC. - DR. RITA S. MITBAVKAR, DDS, INC. RETIREMENT PLAN (2024) Form 5500
Creator: DR. RITA S. MITBAVKAR, DDS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DR. RITA S. MITBAVKAR, DDS, INC. RETIREMENT PLAN, DR. RITA S. MITBAVKAR, DDS, INC.

DR. RITA S. MITBAVKAR, DDS, INC.EIN 45-1832027Plan #001PY 2024

6134 CAMINO VERDE DRIVE, SUITE G - SAN JOSE, CA 95119408-242-3601

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$361K

+38.8% from 2023

Total participants

-30.0% from 2023

Average account balance

$180,485

+38.8% from 2023

Annual return

16.22%

-8.82 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

$494K

Not enough data

1 years with asset history on file

Average account balance

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

$247K

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.

33.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$60K

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

+20.42%

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 codes2F2G2J3D

Plan features

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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

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

$180,485

$183,627-1.7%

$155,602+16.0%

$145,978+23.6%

Participation rate

28.6%

82.7%-54.1pp

78.2%-49.6pp

80.3%-51.7pp

Annual return

16.22%

61.32%-45.1pp

64.81%-48.6pp

550.52%-534.3pp

Employer contribution / active EE

$1,460

$5,316-72.5%

$4,675-68.8%

$4,662-68.7%

Participant deferral / active EE

$6,929

$6,466+7.2%

$5,629+23.1%

$6,690+3.6%

Admin fee / account holder

$19,327-100.0%

$15,923-100.0%

$13,400-100.0%

DR. RITA S. MITBAVKAR, DDS, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

DR. RITA S. MITBAVKAR, DDS, INC. RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion