Retirement plan

ABBOTT FAMILY DENTAL PLLC 401(K) PROFIT SHARING PLAN

Name: ABBOTT FAMILY DENTAL PLLC - ABBOTT FAMILY DENTAL PLLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: ABBOTT FAMILY DENTAL PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ABBOTT FAMILY DENTAL PLLC 401(K) PROFIT SHARING PLAN, ABBOTT FAMILY DENTAL PLLC

ABBOTT FAMILY DENTAL PLLCEIN 46-0979871Plan #001PY 2024

3714 ABBOTT ROAD - ORCHARD PARK, NY 14127716-823-1993LinkedIn1-10 employeesmedical practice

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$1.3M

+17.6% from 2023

Total participants

+11.1% from 2023

Average account balance

$185,812

+17.6% from 2023

Annual return

11.37%

-4.07 pp from 2023

Benchmarks

See 109,389 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,389 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.59M

Not enough data

1 years with asset history on file

Average account balance

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

$226K

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.

87.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$66K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+16.85%

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 codes2E2F2J2T3D

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

$185,812

$183,592+1.2%

$155,574+19.4%

$145,877+27.4%

Participation rate

66.7%

82.7%-16.0pp

78.2%-11.5pp

80.3%-13.6pp

Annual return

11.37%

61.37%-50.0pp

64.87%-53.5pp

551.28%-539.9pp

Employer contribution / active EE

$1,491

$5,317-72.0%

$4,676-68.1%

$4,663-68.0%

Participant deferral / active EE

$6,120

$6,466-5.4%

$5,629+8.7%

$6,691-8.5%

Admin fee / account holder

$19,316-100.0%

$15,914-100.0%

$13,402-100.0%

ABBOTT FAMILY DENTAL PLLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

ABBOTT FAMILY DENTAL PLLC 401(K) PROFIT SHARING 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