Plan Ledger DOL Form 5500 · updated monthly

Smiles Dental Group, PC401(k)

SMILES DENTAL 401(K) PLAN · VANCOUVER, WA · plan year 2023

Reported admin expense ratio · 2023
0.92%

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

Smiles Dental Group, PC reported $35,555 in plan administrative expenses for 2023: 0.92% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,332 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 1 year on file its reported administrative ratio rose from 0.40% to 0.92%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Washington (1,402nd of 1,714), and 8,355th of 11,911 in health care & social assistance. In 2023, employees put in $1.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,279,794
Participants with balances174
Active participants156
Employer contributions$363,799
Employee contributions$675,187
Employer contribution per active participant$2,332
Average account balance$24,597
Benefits paid to participants$795,965
Plan auditUnmodified (clean) audit opinion
AuditorMILLER, COOPER & CO., LTD.
Plan history2
Yearassets · accounts · employer contribution
2023$4.3M · 174 accts · $364K emplr
2022$3.5M · 164 accts · $337K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$20,401
Investment management$9,754
Total administrative$35,555
The Smiles Dental Group, PC 401(k) match · 2023
Employer contribution per active participant$2,332
Median for plans this size$1,308
2023$2,332 per active participant
2022$2,082 per active participant

Smiles Dental Group, PC's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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 · 20232
JOHN HANCOCK LIFE INSURANCE CO. · Recordkeeping · Investment management$2,271
RAYMOND JAMES FINANCIAL SERVICES · Investment advisory (participants)$9,754

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$35,555 · 0.92%
2022$14,532 · 0.40%
Same employer
Similar plansHealth Care & Social Assistance · Washington
Skilskin WA$4.8M · 1.83%
Community Living WA$4.6M · 0.88%
Lifelong-Health for All WA$4.3M · 0.45%
Blackfly Investments, LLC WA$4.3M · 0.58%
Farestart WA$4.2M · 0.53%
Multi-Service Center WA$4.1M · 0.02%
Youth Care, Inc. WA$4.1M · 1.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 463238668 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.