Retirement plan

DR. MONIKA'S FAMILY DENTAL, P.C. EMPLOYEES RETIREMENT PLAN

Name: DR. MONIKA'S FAMILY DENTAL, P.C. - DR. MONIKA'S FAMILY DENTAL, P.C. EMPLOYEES RETIREMENT PLAN (2024) Form 5500
Creator: DR. MONIKA'S FAMILY DENTAL, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, DR. MONIKA'S FAMILY DENTAL, P.C. EMPLOYEES RETIREMENT PLAN, DR. MONIKA'S FAMILY DENTAL, P.C.

DR. MONIKA'S FAMILY DENTAL, P.C.EIN 81-4231111Plan #001PY 2024

25 CLINTON STREET - NEW BRITAIN, CT 06053860-223-6533

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$143K

+22.4% from 2023

Total participants

+25.0% from 2023

Average account balance

$71,401

+22.4% from 2023

Annual return

8.64%

-7.50 pp from 2023

Benchmarks

See 109,389 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort109,389 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$143K

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

40.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$16K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+8.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20

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 codes2F2G2J3D

Plan features

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

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

$40

$8 / participant

Other / not subdivided$40100.0%

% of EOY assets

0.028%

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

$71,401

$183,592-61.1%

$155,574-54.1%

$145,877-51.1%

Participation rate

40.0%

82.7%-42.7pp

78.2%-38.2pp

80.3%-40.3pp

Annual return

8.64%

61.37%-52.7pp

64.87%-56.2pp

551.28%-542.6pp

Employer contribution / active EE

$1,251

$5,317-76.5%

$4,676-73.3%

$4,663-73.2%

Participant deferral / active EE

$1,951

$6,466-69.8%

$5,629-65.3%

$6,691-70.8%

Admin fee / account holder

$20

$19,316-99.9%

$15,914-99.9%

$13,402-99.9%

DR. MONIKA'S FAMILY DENTAL, P.C. EMPLOYEES RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

DR. MONIKA'S FAMILY DENTAL, P.C. EMPLOYEES 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