Retirement plan

FAMILY DENTAL WELLNESS CENTER PROFIT SHARING PLAN

Name: FAMILY DENTAL WELLNESS CENTER - FAMILY DENTAL WELLNESS CENTER PROFIT SHARING PLAN (2024) Form 5500
Creator: FAMILY DENTAL WELLNESS CENTER
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, FAMILY DENTAL WELLNESS CENTER PROFIT SHARING PLAN, FAMILY DENTAL WELLNESS CENTER

FAMILY DENTAL WELLNESS CENTEREIN 46-0761023Plan #001PY 2024

6020 MEADOWRIDGE CENTER DR. STE V - ELKRIDGE, MD 21075443-538-6473howardwellnesscenter.comLinkedIn1-10 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$277K

+48.5% from 2023

Total participants

+20.0% from 2023

Average account balance

$30,775

+48.5% from 2023

Annual return

11.87%

-4.44 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

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

Analytics

Total assets (EOY)

Plan-year ending balance

$277K

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

81.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$70K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+11.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$707

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

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

$6K

$579 / participant

Other / not subdivided$6K100.0%

% of EOY assets

2.299%

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

$30,775

$183,592-83.2%

$155,567-80.2%

$145,959-78.9%

Participation rate

72.7%

82.7%-10.0pp

78.2%-5.5pp

80.3%-7.6pp

Annual return

11.87%

61.24%-49.4pp

64.74%-52.9pp

561.95%-550.1pp

Employer contribution / active EE

$2,262

$5,315-57.4%

$4,674-51.6%

$4,661-51.5%

Participant deferral / active EE

$4,078

$6,464-36.9%

$5,628-27.5%

$6,689-39.0%

Admin fee / account holder

$707

$19,318-96.3%

$15,916-95.6%

$13,398-94.7%

FAMILY DENTAL WELLNESS CENTER PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FAMILY DENTAL WELLNESS CENTER 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