Retirement plan

ABSOLUTE DENTAL GROUP, LLC 401(K) PLAN

Name: ABSOLUTE DENTAL GROUP, LLC - ABSOLUTE DENTAL GROUP, LLC 401(K) PLAN (2021) Form 5500
Creator: ABSOLUTE DENTAL GROUP, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ABSOLUTE DENTAL GROUP, LLC 401(K) PLAN, ABSOLUTE DENTAL GROUP, LLC

ABSOLUTE DENTAL GROUP, LLCEIN 85-2073499Plan #001PY 2021

2250 S. RANCHO DRIVE, SUITE 205 - LAS VEGAS, NV 89102702-435-5015LinkedIn1-10 employeesmedical practice

Prospect flagsLow returnsLow participationLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$5.4M

+25.5% from 2020

Total participants

516

+18.6% from 2020

Average account balance

$21,535

-24.4% from 2020

Annual return

12.16%

+0.07 pp from 2020

Benchmarks

See 3,799 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort3,799 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$8.33M

Not enough data

1 years with asset history on file

Average account balance

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

$15K

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.

559

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.

64.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.56M

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

+14.47%

Not enough data

1 years with return on file

Admin fee / account holder

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

$122

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 4 by compensation

Provider	Service type	Compensation
RESOURCES INVESTMENT ADVISORS LLC1 year Service code 27 11101 SWITZER RD STE 200 · OVERLAND PARK, KS 66210	Advisory (Plan)	$15,913
GREAT-WEST LIFE & ANNUITY INSURANCE2+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$9,678
LEBENSON ACTUARIAL SERVICES1 year Service code 13 8485 W SUNSET RD STE 200 · LAS VEGAS, NV 89113	Contract Administrator	$8,758
RESOURCES INVESTMENT ADVISORS LLC1 year Filed as: RESOURCES INVESTMENT ADVISORS, LLC Service code 28 4860 COLLEGE BLVD SUITE 100 · OVERLAND PARK, KS 66211	Investment Management	$6,519

Plan features & details

Pension benefit codes2A2E2F2G2J2T3D3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 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.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$55K

$122 / participant

Investment mgmt$16K29.1%
Other / not subdivided$39K70.9%

% of EOY assets

1.019%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: METZ & ASSOCIATES
Auditor EIN: 464558541
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,535

$56,540-61.9%

$185,849-88.4%

$86,821-75.2%

Participation rate

40.4%

65.5%-25.1pp

81.7%-41.3pp

72.3%-31.9pp

Annual return

12.16%

118.20%-106.0pp

122.10%-109.9pp

97.94%-85.8pp

Employer contribution / active EE

$1,844-100.0%

$5,169-100.0%

$2,406-100.0%

Participant deferral / active EE

$1,630

$2,555-36.2%

$5,569-70.7%

$4,132-60.5%

Admin fee / account holder

$219

$150+46.6%

$16,244-98.6%

$170+29.4%

Provider

Service type

Compensation

RESOURCES INVESTMENT ADVISORS LLC1 year

Service code 27

11101 SWITZER RD STE 200 · OVERLAND PARK, KS 66210

Advisory (Plan)

$15,913

GREAT-WEST LIFE & ANNUITY INSURANCE2+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$9,678

LEBENSON ACTUARIAL SERVICES1 year

Service code 13

8485 W SUNSET RD STE 200 · LAS VEGAS, NV 89113

Contract Administrator

$8,758

RESOURCES INVESTMENT ADVISORS LLC1 year

Filed as: RESOURCES INVESTMENT ADVISORS, LLC

Service code 28

4860 COLLEGE BLVD SUITE 100 · OVERLAND PARK, KS 66211

Investment Management

$6,519

ABSOLUTE DENTAL GROUP, LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ABSOLUTE DENTAL GROUP, LLC 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