Retirement plan

ANCHOR DENTAL, MAYFIELD SMILES 401(K) PLAN

Name: MAEMIE CHAN, D.M.D., LLC - ANCHOR DENTAL, MAYFIELD SMILES 401(K) PLAN (2023) Form 5500
Creator: MAEMIE CHAN, D.M.D., LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ANCHOR DENTAL, MAYFIELD SMILES 401(K) PLAN, MAEMIE CHAN, D.M.D., LLC

MAEMIE CHAN, D.M.D., LLCEIN 47-3409293Plan #001PY 2023

6593 WILSON MILLS RD. - MAYFIELD, OH 44143440-461-5482

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$340K

+53.0% from 2022

Total participants

0.0% from 2022

Average account balance

$22,670

+53.0% from 2022

Annual return

22.65%

+47.50 pp from 2022

Benchmarks

See 108,045 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort108,045 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$686K

Not enough data

1 years with asset history on file

Average account balance

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

$40K

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.

121.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$129K

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

+19.88%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1045

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 codes2E2G2J2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$20K

$1425 / participant

Other / not subdivided$20K100.0%

% of EOY assets

5.868%

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

$22,670

$175,257-87.1%

$149,717-84.9%

$139,456-83.7%

Participation rate

92.9%

83.4%+9.5pp

78.8%+14.1pp

80.3%+12.5pp

Annual return

22.65%

166.70%-144.1pp

134.41%-111.8pp

373.45%-350.8pp

Employer contribution / active EE

$1,539

$5,477-71.9%

$4,820-68.1%

$4,753-67.6%

Participant deferral / active EE

$4,654

$6,521-28.6%

$5,682-18.1%

$6,711-30.7%

Admin fee / account holder

$1,330

$16,156-91.8%

$13,213-89.9%

$11,407-88.3%

ANCHOR DENTAL, MAYFIELD SMILES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ANCHOR DENTAL, MAYFIELD SMILES 401(K) 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