Plan Ledger DOL Form 5500 · updated monthly

Allied Dental Practices of Nj401(k)

PROSMILE RETIREMENT SAVINGS PLAN · TOMS RIVER, NJ · plan year 2023

Reported admin expense ratio · 2023
0.92%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Allied Dental Practices of Nj reported $112,050 in plan administrative expenses for 2023: 0.92% of average plan assets, higher than ~90% of peers. Employer contributions averaged -$0 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio has held roughly steady near 0.92%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in New Jersey (1,334th of 2,419), and the 4,863rd of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$13,232,109
Participants with balances549
Active participants830
Employer contributions-$397
Employee contributions$2,220,394
Employer contribution per active participant-$0
Average account balance$24,102
Benefits paid to participants$2,007,515
Plan auditUnmodified (clean) audit opinion
AuditorWILKIN & GUTTENPLAN
Plan history2
Yearassets · accounts · employer contribution
2023$13.2M · 549 accts
2022$11.1M · 721 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$17,389
Investment management$94,661
Total administrative$112,050
The Allied Dental Practices of Nj 401(k) match · 2023
Employer contribution per active participant-$0
Median for plans this size$2,440

Allied Dental Practices of Nj's 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
ADP, INC. · Loan processing · Recordkeeping$72,389
GLOBAL RETIREMENT PARTNERS · Recordkeeping · Pension consulting$65,876
BEDARD, KUROWICKI & CO, CPAS, PC · Recordkeeping · Pension consulting$6,721
ADP BROKER-DEALERindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2023$112,050 · 0.92%
2022$84,318 · 0.89%
Same employer
Similar plansHealth Care & Social Assistance · New Jersey
Salem County Hospital NJ$13.3M · 0.67%
Alternatives, Inc. NJ$13.2M · 0.02%
Cfg Health Systems, L.L.C. NJ$13.1M · 0.39%
The Childsmiles Group, LLC NJ$13.1M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201875774 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.