Retirement plan

DENTISTRY@VCU 401(K) RETIREMENT PLAN

Name: DENTISTRY VCU DBA VCU DENTAL CARE - DENTISTRY@VCU 401(K) RETIREMENT PLAN (2020) Form 5500
Creator: DENTISTRY VCU DBA VCU DENTAL CARE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DENTISTRY@VCU 401(K) RETIREMENT PLAN, DENTISTRY VCU DBA VCU DENTAL CARE

DENTISTRY VCU DBA VCU DENTAL CAREEIN 54-1590300Plan #001PY 2020

P.O. BOX 980566 - RICHMOND, VA 23298804-828-6514dentistryatvcu.comLinkedIn1-10 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$11.3M

+12.7% from 2019

Total participants

215

-2.7% from 2019

Average account balance

$65,212

+16.0% from 2019

Annual return

11.92%

-8.36 pp from 2019

Benchmarks

See 5,415 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,415 peers

Snapshot2020

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 2 by compensation

Provider	Service type	Compensation
JAMES A. REICHERT4 years Filed as: JAMES RIVER WEALTH ADVISORS Service code 26 15521 MIDLOTHIAN TURNPIKE, STE 100 · MIDLOTHIAN, VI 23113	Advisory (Participants)	$42,063
NEWPORT GROUP, INC.5 years Service code 15 · EIN 27-2037969	Recordkeeping	$6,035

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

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

$53K

$359 / participant

Investment mgmt$42K79.7%
Contract admin$6K11.4%
Other / not subdivided$5K8.9%

% of EOY assets

0.468%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MEADOWS URQUHART ACREE AND COOK LLP
Auditor EIN: 201485301
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,212

$58,888+10.7%

$178,498-63.5%

$73,493-11.3%

Participation rate

71.4%

66.2%+5.2pp

81.9%-10.5pp

70.7%+0.7pp

Annual return

11.92%

24.86%-12.9pp

151.09%-139.2pp

28.51%-16.6pp

Employer contribution / active EE

$4,374

$2,236+95.6%

$5,011-12.7%

$2,270+92.7%

Participant deferral / active EE

$3,044

$2,568+18.5%

$5,202-41.5%

$3,740-18.6%

Admin fee / account holder

$305

$400-23.8%

$13,985-97.8%

$513-40.5%

Provider

Service type

Compensation

JAMES A. REICHERT4 years

Filed as: JAMES RIVER WEALTH ADVISORS

Service code 26

15521 MIDLOTHIAN TURNPIKE, STE 100 · MIDLOTHIAN, VI 23113

Advisory (Participants)

$42,063

NEWPORT GROUP, INC.5 years

Service code 15 · EIN 27-2037969

Recordkeeping

$6,035

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