Retirement plan

PAYAM HARIRI, D.M.D., P.A. T/A CHESAPEAKE ENDODONTICS 401(K)

Name: PAYAM HARIRI, D.M.D., P.A. T/A CHESAPEAKE ENDODONITCS - PAYAM HARIRI, D.M.D., P.A. T/A CHESAPEAKE ENDODONTICS 401(K) (2018) Form 5500
Creator: PAYAM HARIRI, D.M.D., P.A. T/A CHESAPEAKE ENDODONITCS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PAYAM HARIRI, D.M.D., P.A. T/A CHESAPEAKE ENDODONTICS 401(K), PAYAM HARIRI, D.M.D., P.A. T/A CHESAPEAKE ENDODONITCS

PAYAM HARIRI, D.M.D., P.A. T/A CHESAPEAKE ENDODONITCSEIN 52-2136878Plan #001PY 2018

2021 B EMMORTON ROAD,, SUITE222 - BEL AIR, MD 21015410-569-9100LinkedIn1-10 employeesmedical practice

Prospect flagsHigh feesLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1.5M

-4.8% from 2017

Total participants

-12.5% from 2017

Average account balance

$207,740

+8.8% from 2017

Annual return

-5.94%

-21.69 pp from 2017

Benchmarks

See 105,561 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,561 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.97M

Not enough data

1 years with asset history on file

Average account balance

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

$281K

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.

140.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$665

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

+10.27%

Not enough data

1 years with return on file

Admin fee / account holder

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

$15308

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 codes2E2F2H2J2R3D

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$21K

$3565 / participant

Other / not subdivided$21K100.0%

% of EOY assets

1.471%

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

$207,740

$180,462+15.1%

$154,111+34.8%

$135,379+53.5%

Participation rate

100.0%

87.4%+12.6pp

83.0%+17.0pp

82.6%+17.4pp

Annual return

-5.94%

888.17%-894.1pp

735.18%-741.1pp

519.79%-525.7pp

Employer contribution / active EE

$6,036-100.0%

$5,298-100.0%

$4,779-100.0%

Participant deferral / active EE

$3,640

$5,806-37.3%

$5,081-28.4%

$5,609-35.1%

Admin fee / account holder

$3,055

$16,145-81.1%

$13,411-77.2%

$10,828-71.8%

PAYAM HARIRI, D.M.D., P.A. T/A CHESAPEAKE ENDODONTICS 401(K)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PAYAM HARIRI, D.M.D., P.A. T/A CHESAPEAKE ENDODONTICS 401(K)

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