Retirement plan

MIDWEST DENTAL EQUIPMENT & SUPPLY 401(K) PLAN

Name: MIDWEST DENTAL EQUIPMENT & SUPPLY - MIDWEST DENTAL EQUIPMENT & SUPPLY 401(K) PLAN (2020) Form 5500
Creator: MIDWEST DENTAL EQUIPMENT & SUPPLY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MIDWEST DENTAL EQUIPMENT & SUPPLY 401(K) PLAN, MIDWEST DENTAL EQUIPMENT & SUPPLY

MIDWEST DENTAL EQUIPMENT & SUPPLYEIN 75-2261471Plan #001PY 2020

2700 COMMERCE STREET - WITCHITA FALLS, TX 76301940-322-5392mwdental.comLinkedIn51-200 employeeshospital & health care

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$6.6M

+22.3% from 2019

Total participants

138

+13.1% from 2019

Average account balance

$69,215

+0.4% from 2019

Annual return

14.04%

-8.64 pp from 2019

Benchmarks

See 2,271 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,271 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.47M

Not enough data

1 years with asset history on file

Average account balance

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

$82K

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.

116

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.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$715K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+13.17%

Not enough data

1 years with return on file

Admin fee / account holder

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

$11823

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

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Service providers

Top 10 of 12 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1 year Filed as: MASSACHUSETTS MUTUAL LIFE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$7,189
ALGER1 year Service code 52 · EIN 13-2665689	Indirect Investment Fees	$0
AMERICAN FUNDS1 year Service code 52 · EIN 95-1411037	Indirect Investment Fees	$0
BARON1 year Service code 52 · EIN 13-6891420	Indirect Investment Fees	$0
BLACK & PINCKARD LLC1 year Filed as: BLACK ROTH Service code 52	Indirect Investment Fees	$0
BLACKROCK1 year Service code 52 · EIN 13-3806694	Indirect Investment Fees	$0
HARRIS1 year Service code 52 · EIN 52-2257782	Indirect Investment Fees	$0
INVESCO1 year Service code 52 · EIN 93-6305075	Indirect Investment Fees	$0
INVESCO1 year Filed as: IVESCO Service code 52 · EIN 84-0933032	Indirect Investment Fees	$0
JANUS HENDERSON1 year Service code 52 · EIN 84-0592523	Indirect Investment Fees	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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 employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$7K

$56 / participant

Other / not subdivided$7K100.0%

% of EOY assets

0.109%

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: EISNERAMPER LLP
Auditor EIN: 871363769
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$69,215

$81,474-15.0%

$133,959-48.3%

$73,493-5.8%

Participation rate

66.4%

76.4%-10.0pp

79.8%-13.4pp

70.7%-4.3pp

Annual return

14.04%

19.40%-5.4pp

45.09%-31.0pp

28.51%-14.5pp

Employer contribution / active EE

$375

$2,209-83.0%

$3,919-90.4%

$2,270-83.5%

Participant deferral / active EE

$3,149

$3,786-16.8%

$5,047-37.6%

$3,740-15.8%

Admin fee / account holder

$76

$713-89.4%

$8,928-99.2%

$513-85.3%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1 year

Filed as: MASSACHUSETTS MUTUAL LIFE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$7,189

ALGER1 year

Service code 52 · EIN 13-2665689

Indirect Investment Fees

AMERICAN FUNDS1 year

Service code 52 · EIN 95-1411037

Indirect Investment Fees

BARON1 year

Service code 52 · EIN 13-6891420

Indirect Investment Fees

BLACK & PINCKARD LLC1 year

Filed as: BLACK ROTH

Service code 52

Indirect Investment Fees

BLACKROCK1 year

Service code 52 · EIN 13-3806694

Indirect Investment Fees

HARRIS1 year

Service code 52 · EIN 52-2257782

Indirect Investment Fees

INVESCO1 year

Service code 52 · EIN 93-6305075

Indirect Investment Fees

INVESCO1 year

Filed as: IVESCO

Service code 52 · EIN 84-0933032

Indirect Investment Fees

JANUS HENDERSON1 year

Service code 52 · EIN 84-0592523

Indirect Investment Fees

MIDWEST DENTAL EQUIPMENT & SUPPLY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MIDWEST DENTAL EQUIPMENT & SUPPLY 401(K) 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