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 (2019) 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 2019

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$326K

-84.0% from 2018

Total participants

-28.6% from 2018

Average account balance

$32,628

-77.7% from 2018

Annual return

4.02%

+16.64 pp from 2018

Benchmarks

See 104,301 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort104,301 peers

Snapshot2019

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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.9M

$314677 / participant

Other / not subdivided$2M100.0%

% of EOY assets

578.666%

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

$32,628

$202,342-83.9%

$172,753-81.1%

$152,909-78.7%

Participation rate

100.0%

87.1%+12.9pp

82.6%+17.4pp

82.5%+17.5pp

Annual return

4.02%

1029.88%-1025.9pp

803.00%-799.0pp

345.46%-341.4pp

Employer contribution / active EE

$4,298

$5,857-26.6%

$5,144-16.5%

$4,764-9.8%

Participant deferral / active EE

$7,579

$5,948+27.4%

$5,198+45.8%

$5,851+29.5%

Admin fee / account holder

$188,806

$17,112+1003.4%

$13,956+1252.9%

$11,601+1527.5%

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