Retirement plan

NORTHTOWNS ORAL & MAXILLOFACIAL SURGERY, PLLC 401(K) PROFIT SHARING PLAN

Name: NORTHTOWNS ORAL & MAXILLOFACIAL SURGERY, PLLC - NORTHTOWNS ORAL & MAXILLOFACIAL SURGERY, PLLC 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: NORTHTOWNS ORAL & MAXILLOFACIAL SURGERY, PLLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NORTHTOWNS ORAL & MAXILLOFACIAL SURGERY, PLLC 401(K) PROFIT SHARING PLAN, NORTHTOWNS ORAL & MAXILLOFACIAL SURGERY, PLLC

NORTHTOWNS ORAL & MAXILLOFACIAL SURGERY, PLLCEIN 65-1248659Plan #002PY 2021

711 YOUNG STREET - TONAWANDA, NY 14150716-694-1134northtownsoralsurgery.comLinkedIn11-50 employeeshospital & health care

Prospect flagsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$4.8M

+114.6% from 2020

Total participants

-22.2% from 2020

Average account balance

$226,940

+175.9% from 2020

Annual return

124.00%

+110.91 pp from 2020

Benchmarks

See 103,173 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort103,173 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.61M

Not enough data

1 years with asset history on file

Average account balance

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

$226K

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.

133.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$115K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+12.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1988

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 codes2E2F2G2J3D

Plan features

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.
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

$331K

$27592 / participant

Other / not subdivided$331K100.0%

% of EOY assets

6.947%

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

$226,940

$217,432+4.4%

$185,851+22.1%

$167,553+35.4%

Participation rate

100.0%

86.1%+13.9pp

81.7%+18.3pp

82.1%+17.9pp

Annual return

124.00%

148.43%-24.4pp

122.11%+1.9pp

478.89%-354.9pp

Employer contribution / active EE

$4,092

$5,874-30.3%

$5,168-20.8%

$4,840-15.4%

Participant deferral / active EE

$4,349

$6,357-31.6%

$5,569-21.9%

$6,343-31.4%

Admin fee / account holder

$15,767

$19,820-20.5%

$16,245-2.9%

$12,316+28.0%

NORTHTOWNS ORAL & MAXILLOFACIAL SURGERY, PLLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NORTHTOWNS ORAL & MAXILLOFACIAL SURGERY, PLLC 401(K) 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