Retirement plan

WILLAMETTE DENTAL GROUP, P.C. 401(K) SAVINGS PLAN

Name: WILLAMETTE DENTAL GROUP, P.C. - WILLAMETTE DENTAL GROUP, P.C. 401(K) SAVINGS PLAN (2023) Form 5500
Creator: WILLAMETTE DENTAL GROUP, P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WILLAMETTE DENTAL GROUP, P.C. 401(K) SAVINGS PLAN, WILLAMETTE DENTAL GROUP, P.C.

WILLAMETTE DENTAL GROUP, P.C.EIN 93-0699253Plan #002PY 2023

6950 NE CAMPUS WAY - HILLSBORO, OR 971245611503-952-2000

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$161.3M

+20.1% from 2022

Total participants

1,708

+0.6% from 2022

Average account balance

$112,217

+16.1% from 2022

Annual return

18.78%

+35.89 pp from 2022

Benchmarks

See 1,406 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants1,000-4,999

Cohort1,406 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$182.00M

Not enough data

1 years with asset history on file

Average account balance

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

$129K

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.

1,412

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.

81.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$12.60M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+14.46%

Not enough data

1 years with return on file

Admin fee / account holder

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

$147

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
PRINCIPAL LIFE INSURANCE COMPANY9+ years Service code 13 · EIN 42-0127290	Contract Administrator	$119,406
HYAS GROUP, LLC4 years Service code 26 · EIN 26-2924761	Advisory (Participants)	$31,500
PERKINS & CO3 years Filed as: PERKINS & COMPANY, P.C. Service code 10 · EIN 93-0928924	Accounting	$15,664
MORNINGSTAR2 years Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L Service code 26 · EIN 36-4317381	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$135K

$110 / participant

Contract admin$119K88.4%
Other / not subdivided$16K11.6%

% of EOY assets

0.084%

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: PERKINS & COMPANY, P.C.
Auditor EIN: 930928924
Audit fees: $15,664
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$112,217

$50,150+123.8%

$149,723-25.1%

$80,169+40.0%

Participation rate

77.9%

64.3%+13.6pp

78.8%-0.8pp

72.9%+5.0pp

Annual return

18.78%

29.80%-11.0pp

134.50%-115.7pp

40.39%-21.6pp

Employer contribution / active EE

$3,655

$1,868+95.6%

$4,821-24.2%

$2,978+22.7%

Participant deferral / active EE

$7,154

$3,195+123.9%

$5,682+25.9%

$5,016+42.6%

Admin fee / account holder

$94

$153-38.4%

$13,215-99.3%

$145-35.2%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY9+ years

Service code 13 · EIN 42-0127290

Contract Administrator

$119,406

HYAS GROUP, LLC4 years

Service code 26 · EIN 26-2924761

Advisory (Participants)

$31,500

PERKINS & CO3 years

Filed as: PERKINS & COMPANY, P.C.

Service code 10 · EIN 93-0928924

Accounting

$15,664

MORNINGSTAR2 years

Filed as: MORNINGSTAR INVESTMENT MANAGEMENT L

Service code 26 · EIN 36-4317381

Advisory (Participants)

WILLAMETTE DENTAL GROUP, P.C. 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WILLAMETTE DENTAL GROUP, P.C. 401(K) SAVINGS 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