Retirement plan

MATTHEW MASTROROCCO, D.M.D., P.A. PROFIT SHARING PLAN AND TRUST

Name: MATTHEW MASTROROCCO, D.M.D., P.A. - MATTHEW MASTROROCCO, D.M.D., P.A. PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: MATTHEW MASTROROCCO, D.M.D., P.A.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MATTHEW MASTROROCCO, D.M.D., P.A. PROFIT SHARING PLAN AND TRUST, MATTHEW MASTROROCCO, D.M.D., P.A.

MATTHEW MASTROROCCO, D.M.D., P.A.EIN 82-0562632Plan #001PY 2024

4101 MAIN ST., SUITE D - HILTON HEAD, SC 29926843-682-4601

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$2.3M

+14.6% from 2023

Total participants

+44.0% from 2023

Average account balance

$87,615

+1.4% from 2023

Annual return

11.79%

-2.68 pp from 2023

Benchmarks

See 21,729 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,729 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.28M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

66.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$101K

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

+11.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2326

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 codes2E2J2F2G2T3D

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$60K

$2016 / participant

Other / not subdivided$60K100.0%

% of EOY assets

2.655%

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

$87,615

$81,276+7.8%

$155,574-43.7%

$80,925+8.3%

Participation rate

66.7%

66.2%+0.4pp

78.2%-11.5pp

67.7%-1.0pp

Annual return

11.79%

33.36%-21.6pp

64.87%-53.1pp

35.65%-23.9pp

Employer contribution / active EE

$1,414

$3,103-54.4%

$4,676-69.8%

$2,756-48.7%

Participant deferral / active EE

$1,969

$3,453-43.0%

$5,629-65.0%

$4,299-54.2%

Admin fee / account holder

$2,326

$7,993-70.9%

$15,914-85.4%

$6,940-66.5%

MATTHEW MASTROROCCO, D.M.D., P.A. PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MATTHEW MASTROROCCO, D.M.D., P.A. PROFIT SHARING PLAN AND TRUST

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