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 (2020) 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.EIN 59-3622663Plan #002PY 2020

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$417K

+27.7% from 2019

Total participants

+20.0% from 2019

Average account balance

$41,676

+27.7% from 2019

Annual return

12.49%

+8.47 pp from 2019

Benchmarks

See 102,091 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort102,091 peers

Snapshot2020

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

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

$3K

$352 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.761%

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

$41,676

$209,422-80.1%

$178,503-76.7%

$158,982-73.8%

Participation rate

77.8%

86.4%-8.6pp

81.9%-4.2pp

82.0%-4.2pp

Annual return

12.49%

188.81%-176.3pp

151.12%-138.6pp

302.99%-290.5pp

Employer contribution / active EE

$2,219

$5,707-61.1%

$5,011-55.7%

$4,763-53.4%

Participant deferral / active EE

$3,314

$5,955-44.3%

$5,202-36.3%

$5,983-44.6%

Admin fee / account holder

$317

$17,079-98.1%

$13,987-97.7%

$11,252-97.2%

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