Retirement plan

MATTHEIS HARTFORD DENTAL CLINIC, P.C. 401(K) PROFIT SHARING PLAN

Name: MATTHEIS HARTFORD DENTAL CLINIC,P.C - MATTHEIS HARTFORD DENTAL CLINIC, P.C. 401(K) PROFIT SHARING PLAN (2023) Form 5500
Creator: MATTHEIS HARTFORD DENTAL CLINIC,P.C
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MATTHEIS HARTFORD DENTAL CLINIC, P.C. 401(K) PROFIT SHARING PLAN, MATTHEIS HARTFORD DENTAL CLINIC,P.C

MATTHEIS HARTFORD DENTAL CLINIC,P.CEIN 45-4050698Plan #001PY 2023

304 W HWY 38 SUITE 138 - HARTFORD, SD 57033605-528-6750

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.2M

+23.0% from 2022

Total participants

-7.7% from 2022

Average account balance

$124,682

+35.3% from 2022

Annual return

17.50%

+34.07 pp from 2022

Benchmarks

See 107,994 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort107,994 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.66M

Not enough data

1 years with asset history on file

Average account balance

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

$151K

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.

84.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$120K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+12.85%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1038

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 codes2E2F2J

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).
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.

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

$57K

$5226 / participant

Other / not subdivided$57K100.0%

% of EOY assets

4.610%

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

$124,682

$175,231-28.8%

$149,696-16.7%

$139,466-10.6%

Participation rate

81.8%

83.4%-1.6pp

78.8%+3.0pp

80.3%+1.5pp

Annual return

17.50%

166.77%-149.3pp

134.46%-117.0pp

373.66%-356.2pp

Employer contribution / active EE

$3,041

$5,478-44.5%

$4,821-36.9%

$4,754-36.0%

Participant deferral / active EE

$6,624

$6,521+1.6%

$5,682+16.6%

$6,712-1.3%

Admin fee / account holder

$5,748

$16,155-64.4%

$13,212-56.5%

$11,409-49.6%

MATTHEIS HARTFORD DENTAL CLINIC, P.C. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MATTHEIS HARTFORD DENTAL CLINIC, 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