Retirement plan

MITCHELL R. LEVINE,D.M.D., P.A. D/B/A NORTH FLORIDA ORTHODONTICS PROFIT SHARING PLAN

Name: MITCHELL R. LEVINE, D.M.D., P.A. - MITCHELL R. LEVINE,D.M.D., P.A. D/B/A NORTH FLORIDA ORTHODONTICS PROFIT SHARING PLAN (2016) Form 5500
Creator: MITCHELL R. LEVINE, D.M.D., P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MITCHELL R. LEVINE,D.M.D., P.A. D/B/A NORTH FLORIDA ORTHODONTICS PROFIT SHARING PLAN, MITCHELL R. LEVINE, D.M.D., P.A.

MITCHELL R. LEVINE, D.M.D., P.A.dba NORTH FLORIDA ORTHODONTICSEIN 59-3622663Plan #002PY 2016

3600 CARDINAL POINT DR - JACKSONVILLE, FL 322575581904-737-4626

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$2.1M

+13.5% from 2015

Total participants

+16.7% from 2015

Average account balance

$189,345

+13.5% from 2015

Annual return

13.54%

+20.89 pp from 2015

Benchmarks

See 109,098 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,098 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$769K

Not enough data

1 years with asset history on file

Average account balance

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

$55K

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.

127.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$47K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+7.91%

Not enough data

1 years with return on file

Admin fee / account holder

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

$352

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 codes2E3D2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$21K

$1883 / participant

Other / not subdivided$21K100.0%

% of EOY assets

0.994%

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

$189,345

$181,896+4.1%

$156,551+20.9%

$273,972-30.9%

Participation rate

72.7%

88.4%-15.7pp

84.0%-11.3pp

83.0%-10.3pp

Annual return

13.54%

30.74%-17.2pp

32.23%-18.7pp

41.46%-27.9pp

Employer contribution / active EE

$6,248-100.0%

$5,501-100.0%

$4,869-100.0%

Participant deferral / active EE

$5,550-100.0%

$4,871-100.0%

$5,287-100.0%

Admin fee / account holder

$1,883

$15,560-87.9%

$13,028-85.5%

$10,133-81.4%

MITCHELL R. LEVINE,D.M.D., P.A. D/B/A NORTH FLORIDA ORTHODONTICS PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MITCHELL R. LEVINE,D.M.D., P.A. D/B/A NORTH FLORIDA ORTHODONTICS PROFIT SHARING 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