Retirement plan

ORAL ARTS LABORATORY, INC. PROFIT SHARING PLAN

Name: ORAL ARTS LABORATORY, INC. - ORAL ARTS LABORATORY, INC. PROFIT SHARING PLAN (2020) Form 5500
Creator: ORAL ARTS LABORATORY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ORAL ARTS LABORATORY, INC. PROFIT SHARING PLAN, ORAL ARTS LABORATORY, INC.

ORAL ARTS LABORATORY, INC.EIN 63-0590100Plan #001PY 2020

P.O. BOX 413 - HUNTSVILLE, AL 35804256-533-6670oralarts.netLinkedIn1-10 employeeshospital & health care

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$9.1M

+0.9% from 2019

Total participants

413

+4.3% from 2019

Average account balance

$29,199

+4.2% from 2019

Annual return

1.79%

-3.64 pp from 2019

Benchmarks

See 3,872 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,872 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.00M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

217

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.

50.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$809K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.05%

Not enough data

1 years with return on file

Admin fee / account holder

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

$210

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 4 by compensation

Provider	Service type	Compensation
NATIONWIDE5+ years Service code 15 · EIN 31-4156830	Recordkeeping	$39,151
L&L FINANCIAL SERVICES5+ years Filed as: L AND L FINANCIAL SERVICES Service code 28 · EIN 63-1238530	Investment Management	$27,856
BENEFIT PROFESSIONALS, INC.5+ years Service code 17 · EIN 63-0913824	Pension Consulting	$17,389
CLARKE LANZEN SKALLA INVESTMENT FIR5+ years Service code 28 · EIN 13-4109249	Investment Management	$9,426

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$44K

$132 / participant

Other / not subdivided$44K100.0%

% of EOY assets

0.482%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MDA PROFESSIONAL GROUP, P.C.
Auditor EIN: 630681783
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,199

$52,293-44.2%

$178,499-83.6%

$73,412-60.2%

Participation rate

68.9%

65.3%+3.5pp

81.9%-13.0pp

72.2%-3.3pp

Annual return

1.79%

34.75%-33.0pp

151.10%-149.3pp

59.30%-57.5pp

Employer contribution / active EE

$649

$1,735-62.6%

$5,011-87.1%

$2,234-71.0%

Participant deferral / active EE

$1,327

$2,332-43.1%

$5,202-74.5%

$3,806-65.1%

Admin fee / account holder

$141

$127+10.6%

$13,986-99.0%

$158-10.8%

Provider

Service type

Compensation

NATIONWIDE5+ years

Service code 15 · EIN 31-4156830

Recordkeeping

$39,151

L&L FINANCIAL SERVICES5+ years

Filed as: L AND L FINANCIAL SERVICES

Service code 28 · EIN 63-1238530

Investment Management

$27,856

BENEFIT PROFESSIONALS, INC.5+ years

Service code 17 · EIN 63-0913824

Pension Consulting

$17,389

CLARKE LANZEN SKALLA INVESTMENT FIR5+ years

Service code 28 · EIN 13-4109249

Investment Management

$9,426

ORAL ARTS LABORATORY, INC. PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ORAL ARTS LABORATORY, INC. 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