Retirement plan

DENTISTRY@VCU 401(K) RETIREMENT PLAN

Name: DENTISTRY VCU - DENTISTRY@VCU 401(K) RETIREMENT PLAN (2024) Form 5500
Creator: DENTISTRY VCU
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DENTISTRY@VCU 401(K) RETIREMENT PLAN, DENTISTRY VCU

DENTISTRY VCUdba VCU DENTAL CAREEIN 54-1590300Plan #001PY 2024

521 NORTH 11ST STREET - RICHMOND, VA 23298804-828-6514dentistryatvcu.comLinkedIn1-10 employeesmedical practice

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$14.8M

+18.0% from 2023

Total participants

245

+2.5% from 2023

Average account balance

$72,432

+9.9% from 2023

Annual return

13.49%

-3.43 pp from 2023

Benchmarks

See 5,998 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,998 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.78M

Not enough data

1 years with asset history on file

Average account balance

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

$72K

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.

204

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.

78.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.40M

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

+13.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$287

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
SIMA RETIREMENT SOLUTIONS, LLC2 years Service code 26 720 MOOREFIELD PARK DRIVE · RICHMOND, VA 23236	Advisory (Participants)	$46,605
NEWPORT GROUP, INC.9 years Service code 15 · EIN 27-2037969	Recordkeeping	$6,518
NEWPORT GROUP, INC.6 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131	Bank Trustee	$5,326

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$58K

$314 / participant

Recordkeeping$6K10.9%
Trustee / custodial$5K9.1%
Investment mgmt$47K79.7%
Contract admin$1200.2%

% of EOY assets

0.396%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MEADOWS URQUHART ACREE & COOK, LLP
Auditor EIN: 201485301
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$72,432

$55,437+30.7%

$155,534-53.4%

$74,459-2.7%

Participation rate

78.0%

61.9%+16.1pp

78.2%-0.3pp

67.2%+10.7pp

Annual return

13.49%

269.58%-256.1pp

64.92%-51.4pp

1369.70%-1356.2pp

Employer contribution / active EE

$3,144

$2,266+38.7%

$4,675-32.8%

$2,626+19.7%

Participant deferral / active EE

$4,373

$2,837+54.1%

$5,630-22.3%

$4,350+0.5%

Admin fee / account holder

$287

$1,742-83.6%

$15,900-98.2%

$1,945-85.3%

Provider

Service type

Compensation

SIMA RETIREMENT SOLUTIONS, LLC2 years

Service code 26

720 MOOREFIELD PARK DRIVE · RICHMOND, VA 23236

Advisory (Participants)

$46,605

NEWPORT GROUP, INC.9 years

Service code 15 · EIN 27-2037969

Recordkeeping

$6,518

NEWPORT GROUP, INC.6 years

Filed as: NEWPORT TRUST COMPANY

Service code 21 · EIN 27-4411131

Bank Trustee

$5,326

DENTISTRY@VCU 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DENTISTRY@VCU 401(K) RETIREMENT 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