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) (2019) 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 2019

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

Prospect flagsLow returnsHigh feesLow employer contributionLow fidelity bond

How to read this page

Total assets (EOY)

$1.6M

+12.1% from 2018

Total participants

+14.3% from 2018

Average account balance

$232,974

+12.1% from 2018

Annual return

10.64%

+16.58 pp from 2018

Benchmarks

See 104,312 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort104,312 peers

Snapshot2019

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

4 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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
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

$15K

$2204 / participant

Other / not subdivided$15K100.0%

% of EOY assets

0.946%

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

$232,974

$202,345+15.1%

$172,755+34.9%

$152,885+52.4%

Participation rate

85.7%

87.1%-1.3pp

82.6%+3.1pp

82.5%+3.3pp

Annual return

10.64%

1029.77%-1019.1pp

802.94%-792.3pp

345.39%-334.7pp

Employer contribution / active EE

$5,858-100.0%

$5,144-100.0%

$4,763-100.0%

Participant deferral / active EE

$3,120

$5,948-47.5%

$5,198-40.0%

$5,851-46.7%

Admin fee / account holder

$2,204

$17,111-87.1%

$13,955-84.2%

$11,598-81.0%

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