Retirement plan

THOMAS J. MEYERING, DDS, P.C. 401(K) PROFIT SHARING PLAN

Name: THOMAS J. MEYERING, DDS, P.C. - THOMAS J. MEYERING, DDS, P.C. 401(K) PROFIT SHARING PLAN (2020) Form 5500
Creator: THOMAS J. MEYERING, DDS, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THOMAS J. MEYERING, DDS, P.C. 401(K) PROFIT SHARING PLAN, THOMAS J. MEYERING, DDS, P.C.

THOMAS J. MEYERING, DDS, P.C.EIN 45-2598347Plan #001PY 2020

10735 S. CECERO AVE. - OAK LAWN, IL 604530000708-423-4110

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$909K

+17.8% from 2019

Total participants

-9.1% from 2019

Average account balance

$101,001

+30.9% from 2019

Annual return

8.65%

-3.46 pp from 2019

Benchmarks

See 102,091 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,091 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.57M

Not enough data

1 years with asset history on file

Average account balance

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

$196K

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.

800.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$49K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$49K

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

+16.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$30881

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

$14K

$1409 / participant

Other / not subdivided$14K100.0%

% of EOY assets

1.549%

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

$101,001

$209,422-51.8%

$178,503-43.4%

$158,982-36.5%

Participation rate

90.0%

86.4%+3.6pp

81.9%+8.1pp

82.0%+8.0pp

Annual return

8.65%

188.81%-180.2pp

151.12%-142.5pp

302.99%-294.3pp

Employer contribution / active EE

$5,114

$5,707-10.4%

$5,011+2.1%

$4,763+7.4%

Participant deferral / active EE

$3,348

$5,955-43.8%

$5,202-35.7%

$5,983-44.1%

Admin fee / account holder

$1,565

$17,079-90.8%

$13,987-88.8%

$11,252-86.1%

THOMAS J. MEYERING, DDS, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THOMAS J. MEYERING, DDS, P.C. 401(K) 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