Retirement plan

MARYLAND STATE DENTAL ASSOCIATION 401K P/S PLAN

Name: MARYLAND STATE DENTAL ASSN. - MARYLAND STATE DENTAL ASSOCIATION 401K P/S PLAN (2021) Form 5500
Creator: MARYLAND STATE DENTAL ASSN.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MARYLAND STATE DENTAL ASSOCIATION 401K P/S PLAN, MARYLAND STATE DENTAL ASSN.

MARYLAND STATE DENTAL ASSN.EIN 52-6041784Plan #001PY 2021

8901A HERRMANN DRIVE - COLUMBIA, MD 21045410-964-2880

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$184K

-34.6% from 2020

Total participants

-11.8% from 2020

Average account balance

$13,123

-29.9% from 2020

Annual return

12.22%

-5.38 pp from 2020

Benchmarks

See 37,642 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort37,642 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$260K

Not enough data

1 years with asset history on file

Average account balance

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

$12K

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.

220.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$34K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.90%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6720

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 codes2E2F2G2J2T3D

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).
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.

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

$197K

$32767 / participant

Other / not subdivided$197K100.0%

% of EOY assets

107.010%

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

$13,123

$109,863-88.1%

$98,477-86.7%

$167,518-92.2%

Participation rate

83.3%

75.8%+7.5pp

73.3%+10.0pp

82.1%+1.2pp

Annual return

12.22%

1958.09%-1945.9pp

1493.59%-1481.4pp

478.71%-466.5pp

Employer contribution / active EE

$3,156

$3,225-2.2%

$2,961+6.6%

$4,838-34.8%

Participant deferral / active EE

$7,655

$4,673+63.8%

$4,276+79.0%

$6,342+20.7%

Admin fee / account holder

$14,043

$6,755+107.9%

$5,951+136.0%

$12,312+14.1%

MARYLAND STATE DENTAL ASSOCIATION 401K P/S PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MARYLAND STATE DENTAL ASSOCIATION 401K P/S 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