Retirement plan

FORT SMITH ORAL & MAXILLOFACIAL SURGERY GROUP P.A. - 401(K) PROFIT SHARING PLAN

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

FORT SMITH ORAL & MAXILLOFACIAL 401(K) PROFIT SHRING PLANEIN 71-0685545Plan #001PY 2021

2713 SOUTH 74TH STREET STE 201 - FORT SMITH, AR 72903479-484-0200

Prospect flagsLow returnsHigh feesLow participation

How to read this page

Total assets (EOY)

$1.9M

-12.2% from 2020

Total participants

+46.7% from 2020

Average account balance

$124,843

-12.2% from 2020

Annual return

5.13%

-5.29 pp from 2020

Benchmarks

See 103,200 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort103,200 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.83M

Not enough data

1 years with asset history on file

Average account balance

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

$218K

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.

185.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$62K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+15.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5871

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 codes2E2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$484K

$43964 / participant

Other / not subdivided$484K100.0%

% of EOY assets

25.825%

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

$124,843

$217,427-42.6%

$185,837-32.8%

$167,518-25.5%

Participation rate

36.4%

86.0%-49.7pp

81.7%-45.3pp

82.1%-45.7pp

Annual return

5.13%

148.39%-143.3pp

122.08%-116.9pp

478.71%-473.6pp

Employer contribution / active EE

$5,184

$5,874-11.7%

$5,168+0.3%

$4,838+7.1%

Participant deferral / active EE

$4,358

$6,357-31.5%

$5,568-21.7%

$6,342-31.3%

Admin fee / account holder

$32,240

$19,816+62.7%

$16,241+98.5%

$12,312+161.9%

FORT SMITH ORAL & MAXILLOFACIAL SURGERY GROUP P.A. - 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

FORT SMITH ORAL & MAXILLOFACIAL SURGERY GROUP P.A. - 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