Retirement plan

KLEMENT FAMILY DENTAL, P.A. 401K PROFIT SHARING PLAN AND TRUST

Name: KLEMENT FAMILY DENTAL P.A. - KLEMENT FAMILY DENTAL, P.A. 401K PROFIT SHARING PLAN AND TRUST (2021) Form 5500
Creator: KLEMENT FAMILY DENTAL P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, KLEMENT FAMILY DENTAL, P.A. 401K PROFIT SHARING PLAN AND TRUST, KLEMENT FAMILY DENTAL P.A.

KLEMENT FAMILY DENTAL P.A.EIN 59-2248461Plan #001PY 2021

7650 38TH AVE. NORTH - ST. PETERSBURG, FL 33710727-343-8831stpetedentist.comLinkedIn51-200 employeesmedical practice

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$1.4M

+22.7% from 2020

Total participants

+12.8% from 2020

Average account balance

$29,201

+2.2% from 2020

Annual return

13.36%

-1.15 pp from 2020

Benchmarks

See 18,805 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort18,805 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.05M

Not enough data

1 years with asset history on file

Average account balance

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

$42K

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.

122.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$407K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+18.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$6158

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 codes2E2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

$128K

$3643 / participant

Other / not subdivided$128K100.0%

% of EOY assets

9.098%

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

$29,201

$95,406-69.4%

$185,849-84.3%

$85,847-66.0%

Participation rate

85.7%

68.8%+16.9pp

81.7%+4.0pp

69.3%+16.4pp

Annual return

13.36%

23.59%-10.2pp

122.10%-108.7pp

318.61%-305.2pp

Employer contribution / active EE

$1,252

$3,314-62.2%

$5,169-75.8%

$2,565-51.2%

Participant deferral / active EE

$5,413

$3,424+58.1%

$5,569-2.8%

$3,952+37.0%

Admin fee / account holder

$2,657

$7,214-63.2%

$16,244-83.6%

$6,261-57.6%

KLEMENT FAMILY DENTAL, P.A. 401K PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

KLEMENT FAMILY DENTAL, P.A. 401K PROFIT SHARING PLAN AND 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