Retirement plan

HIREN PATEL, DMD, PA 401(K) PROFIT SHARING PLAN

Name: HIREN PATEL, DMD, PA - HIREN PATEL, DMD, PA 401(K) PROFIT SHARING PLAN (2022) Form 5500
Creator: HIREN PATEL, DMD, PA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HIREN PATEL, DMD, PA 401(K) PROFIT SHARING PLAN, HIREN PATEL, DMD, PA

HIREN PATEL, DMD, PAEIN 90-0394929Plan #001PY 2022

6708 REGAL OAKS DRIVE - CHARLOTTE, NC 28212704-536-0269regaloaksdental.comLinkedIn11-50 employeeshealth, wellness and fitness

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$1.2M

-0.2% from 2021

Total participants

+14.3% from 2021

Average account balance

$85,838

-7.3% from 2021

Annual return

-6.41%

-25.35 pp from 2021

Benchmarks

See 105,966 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants<25

Cohort105,966 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.12M

Not enough data

1 years with asset history on file

Average account balance

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

$192K

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.

110.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$95K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+21.01%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1756

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 codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

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

$85,838

$167,352-48.7%

$143,788-40.3%

$134,509-36.2%

Participation rate

77.8%

84.8%-7.0pp

80.3%-2.5pp

81.2%-3.5pp

Annual return

-6.41%

0.47%-6.9pp

-0.03%-6.4pp

418.13%-424.5pp

Employer contribution / active EE

$2,033

$5,620-63.8%

$4,952-58.9%

$4,741-57.1%

Participant deferral / active EE

$6,266

$6,447-2.8%

$5,638+11.1%

$6,400-2.1%

Admin fee / account holder

$18,091-100.0%

$14,675-100.0%

$11,427-100.0%

HIREN PATEL, DMD, PA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

HIREN PATEL, DMD, PA 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion