Retirement plan

LIGHT WAVE DENTAL RETIREMENT PLAN

Name: LIGHT WAVE DENTAL MANAGEMENT, LLC - LIGHT WAVE DENTAL RETIREMENT PLAN (2020) Form 5500
Creator: LIGHT WAVE DENTAL MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, LIGHT WAVE DENTAL RETIREMENT PLAN, LIGHT WAVE DENTAL MANAGEMENT, LLC

LIGHT WAVE DENTAL MANAGEMENT, LLCEIN 81-4033101Plan #001PY 2020

13580 GROUPE DRIVE STE. 305 - WOODBRIDGE, VA 22192517-659-9959

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$18.7M

No prior year

Total participants

1,174

No prior year

Average account balance

$33,094

No prior year

Annual return

0.00%

No prior year

Benchmarks

See 1,342 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,342 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$53.71M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

1,086

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.

50.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$9.08M

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

+17.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$162

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 2 by compensation

Provider	Service type	Compensation
UNITED 401(K) PLANS, INC.1+ years Service code 14 · EIN 20-5321813	Plan Administrator	$41,865
GLOBAL RETIREMENT PARTNERS LLC1+ years Filed as: GLOBAL RETIREMENT PARTNERS Service code 27 · EIN 47-1411118	Advisory (Plan)	$19,555

Plan features & details

Pension benefit codes2F2G2J2K3D2E

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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$69K

$64 / participant

Other / not subdivided$69K100.0%

% of EOY assets

0.372%

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: HBME, LLC
Auditor EIN: 824439676
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$33,094

$56,095-41.0%

$178,499-81.5%

$90,274-63.3%

Participation rate

44.1%

65.6%-21.4pp

81.9%-37.8pp

73.4%-29.2pp

Annual return

0.00%

28.81%-28.8pp

151.10%-151.1pp

53.97%-54.0pp

Employer contribution / active EE

$787

$1,572-49.9%

$5,011-84.3%

$2,523-68.8%

Participant deferral / active EE

$1,633

$2,669-38.8%

$5,202-68.6%

$4,231-61.4%

Admin fee / account holder

$123

$101+22.3%

$13,986-99.1%

$114+7.9%

Provider

Service type

Compensation

UNITED 401(K) PLANS, INC.1+ years

Service code 14 · EIN 20-5321813

Plan Administrator

$41,865

GLOBAL RETIREMENT PARTNERS LLC1+ years

Filed as: GLOBAL RETIREMENT PARTNERS

Service code 27 · EIN 47-1411118

Advisory (Plan)

$19,555

LIGHT WAVE DENTAL RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

LIGHT WAVE DENTAL RETIREMENT 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