Retirement plan

OCEAN DENTAL CORPORATE OFFICE, INC. EMPLOYEES SAVINGS TRUST

Name: OCEAN DENTAL CORPORATE OFFICE, INC. - OCEAN DENTAL CORPORATE OFFICE, INC. EMPLOYEES SAVINGS TRUST (2024) Form 5500
Creator: OCEAN DENTAL CORPORATE OFFICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, OCEAN DENTAL CORPORATE OFFICE, INC. EMPLOYEES SAVINGS TRUST, OCEAN DENTAL CORPORATE OFFICE, INC.

OCEAN DENTAL CORPORATE OFFICE, INC.EIN 56-2445061Plan #001PY 2024

209 LILAC DRIVE, SUITE 120 - EDMOND, OK 73034405-334-7645

Prospect flagsLow returnsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$5.2M

-3.7% from 2023

Total participants

187

-8.3% from 2023

Average account balance

$33,521

+0.6% from 2023

Annual return

7.23%

-7.94 pp from 2023

Benchmarks

See 6,019 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,019 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.23M

Not enough data

1 years with asset history on file

Average account balance

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

$34K

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.

156

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.

71.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$363K

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

+7.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$236

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
VALIC RETIREMENT SERVICES COMPANY10+ years Filed as: VALIC RETIREMENT SERVICES CO. Service code 19 · EIN 51-0396365	Securities Custodian	$24,535
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$12,236

Plan features & details

Pension benefit codes2J2K3D2T2E2F2G

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$37K

$338 / participant

Recordkeeping$37K99.7%
Investment mgmt$1070.3%

% of EOY assets

0.705%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ADAMSBROWN,LLC
Auditor EIN: 843541096
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,521

$55,472-39.6%

$155,567-78.5%

$74,546-55.0%

Participation rate

71.6%

61.9%+9.7pp

78.2%-6.6pp

67.2%+4.3pp

Annual return

7.23%

268.72%-261.5pp

64.74%-57.5pp

1366.03%-1358.8pp

Employer contribution / active EE

$438

$2,269-80.7%

$4,674-90.6%

$2,624-83.3%

Participant deferral / active EE

$2,892

$2,838+1.9%

$5,628-48.6%

$4,347-33.5%

Admin fee / account holder

$236

$1,743-86.4%

$15,916-98.5%

$1,944-87.8%

Provider

Service type

Compensation

VALIC RETIREMENT SERVICES COMPANY10+ years

Filed as: VALIC RETIREMENT SERVICES CO.

Service code 19 · EIN 51-0396365

Securities Custodian

$24,535

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$12,236

OCEAN DENTAL CORPORATE OFFICE, INC. EMPLOYEES SAVINGS TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

OCEAN DENTAL CORPORATE OFFICE, INC. EMPLOYEES SAVINGS TRUST

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