Retirement plan

RINEHART, MARR & MURDOCK DENTAL, PC 401(K) PLAN

Name: RINEHART, MARR & MURDOCK DENTAL, PC - RINEHART, MARR & MURDOCK DENTAL, PC 401(K) PLAN (2023) Form 5500
Creator: RINEHART, MARR & MURDOCK DENTAL, PC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RINEHART, MARR & MURDOCK DENTAL, PC 401(K) PLAN, RINEHART, MARR & MURDOCK DENTAL, PC

RINEHART, MARR & MURDOCK DENTAL, PCEIN 82-2501909Plan #001PY 2023

20 WESNER LANE - DANVILLE, PA 17821570-275-2684

Prospect flagsLow returnsHigh feesLow fidelity bond

How to read this page

Total assets (EOY)

$859K

-1.7% from 2022

Total participants

+6.7% from 2022

Average account balance

$28,618

-8.2% from 2022

Annual return

12.88%

+33.20 pp from 2022

Benchmarks

See 20,801 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort20,801 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.44M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

110.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$52K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+2.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7127

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 codes2E2F2G2J2T3D

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

3 tripped

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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$361K

$14444 / participant

Other / not subdivided$361K100.0%

% of EOY assets

42.060%

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

$28,618

$77,908-63.3%

$149,696-80.9%

$75,173-61.9%

Participation rate

92.0%

65.6%+26.4pp

78.8%+13.2pp

67.2%+24.8pp

Annual return

12.88%

31.73%-18.9pp

134.46%-121.6pp

160.72%-147.8pp

Employer contribution / active EE

$3,400

$3,138+8.4%

$4,821-29.5%

$2,671+27.3%

Participant deferral / active EE

$5,392

$3,411+58.1%

$5,682-5.1%

$4,126+30.7%

Admin fee / account holder

$12,037

$5,950+102.3%

$13,212-8.9%

$5,651+113.0%

RINEHART, MARR & MURDOCK DENTAL, PC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RINEHART, MARR & MURDOCK DENTAL, PC 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